{"product_id":"the-institutional-foundation-of-economic-shiping-tang-9780691235578","title":"The Institutional Foundation of Economic Development","description":"\u003cp\u003e\u003cb\u003eA systemic account of how institutions shape economic development\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eInstitutions matter for economic development. Yet despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED). Bringing together findings from a range a fields, from development economics and development studies to political science and sociology, \u003ci\u003eThe Institutional Foundation of Economic Development\u003c\/i\u003e explores the precise mechanisms through which institutions affect growth. \u003cp\u003e\u003c\/p\u003eShiping Tang contends that institutions shape economic development through four \"Big Things\" possibility, incentive, capability, and opportunity. From this perspective, IFED has six major dimensions: political hierarchy, property rights, social mobility, redistribution, innovation protection, and equal opportunity. Tang further argues that IFED is only one pillar within the New Development Triangle (NDT): sustained economic development also requires strong state capacity and sound socioeconomic policies. \u003cp\u003e\u003c\/p\u003eArguing for an evolutionary approach tied to a country's stage of development, \u003ci\u003eThe Institutional Foundation of Economic Development \u003c\/i\u003eadvances an understanding of institutions and economic development through a holistic, interdisciplinary lens.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Shiping Tang\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0691235570\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780691235578\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Princeton University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/06\/2022\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 328\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.05lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 6.10h x 9.00w x 0.90d","brand":"Shiping Tang","offers":[{"title":"Paperback","offer_id":44059486716159,"sku":"9780691235578","price":35.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_cfc7adda-4c81-4513-ad7f-ae0ce396e6d8.jpg?v=1685058520","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-institutional-foundation-of-economic-shiping-tang-9780691235578","provider":"WR Book House","version":"1.0","type":"link"}