000			02106nam a2200325 i 4500
001			CR9781009025898
003			UkCbUP
005			20240301142634.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			201125s2021||||enk o ||1 0|eng|d
020			_a9781009025898 (ebook)
020			_z9781316515501 (hardback)
020			_z9781009012331 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050		4	_aHD82 _b.P35 2021
082	0	4	_a338.9 _223
100	1		_aPaldam, Martin, _eauthor.
245	1	4	_aThe grand pattern of development and the transition of institutions / _cMartin Paldam.
264		1	_aCambridge : _bCambridge University Press, _c2021.
300			_a1 online resource (xx, 266 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 27 Aug 2021).
520			_aThe culmination of a long-lasting and impressive research program, this book summarizes the relationship between economic development with income on the one hand and the evolution of institutions on the other; the transition of countries from one economic and social system to another. The author considers the transitions of two types of institutions: The first is external; it is legal-administrative systems with staff and buildings. The political system and the economic system are considered. The second consists of traditions and beliefs. Here corruption and religiosity are considered. Contrary to the claim that institutions are causal to development, this book demonstrates that the main direction of causality is from income to institutions. As countries get wealthy, they become secular democracies with low corruption and a mixed economic system. In this impressive coda, Paldam shows that the evolution of institutions is not causal to the economic growth process but rather follows it.
650		0	_aEconomic development.
776	0	8	_iPrint version: _z9781316515501
856	4	0	_uhttps://doi.org/10.1017/9781009025898
999			_c9031 _d9031