Economic development
2014-10-29 — 2022-12-19
Wherein Institutional Arrangements Are Examined, the Persistence of Nepotistic Kleptocracies Is Described, and the Institutional Pathways From Poverty to High-Functioning States Are Outlined With Attention to Governance Reforms.
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Why do chaotic nepotistic kleptocracies exist? Why do high function states exist? Which is richer? How do you get from one to the other? Why do some countries have a high level of economic development, while others are stuck in poverty? These are many confounded questions; I am especially interested in the intitutional factors, but there are many.
1 Growing an economy
2 Incoming
Mushtaq Khan on using institutional economics to predict effective government reforms
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The Bertelsmann Stiftung’s Transformation Index (BTI) analyzes and evaluates whether and how developing countries and countries in transition are steering social change toward democracy and a market economy. Guided by a standardized codebook, country experts assess the extent to which a total of 17 criteria have been met for each of the 137 countries. These experts ground the scores they provide in assessments that comprise the country reports, all of which are available online. A second country expert then reviews these assessments and scores. In a final step, consistency is ensured by subjecting each of the 49 individual scores given per country to regional and interregional calibration processes. Standardizing the analytical process in this way makes targeted comparisons of reform policies possible.