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Young Back Choi - Institutional Economics and National Competitiveness

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Young Back Choi Institutional Economics and National Competitiveness
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This book offers a strong contribution to the growing field of institutional economics, going beyond the question of why institutions matter and examines the ways in which different types of institutions are conducive to the enhancement of competitiveness and economic development. Adopting a variety of approaches, ranging from New Institutional Economics, Public Choice, Constitutional Political Economy and Austrian Economics, to more traditional economic approaches, contributors examine the important issues of interest to development economics.

This book asks whether democracy is a pre-condition for economic development, what the proper role of government is in the age of globalization and whether successful government led policies were the cause of South Koreas economic development. As well as these key questions, the book covers the issues of whether the government should rely on the market process to encourage economic development or must they interfere, and by what criteria one can judge a proposal for policies for economic prosperity. The book tries to make a contribution by introducing a variety of perspective, some argue in favour of industrial policies while others argue for a lesser role for the government and a greater entrepreneurial freedom. Some question the wisdom of promoting democracy as a necessary condition for economic development while others argue that political liberalization is the basis of lasting competitive edge of an economy.

The book should be of great interest to students and researchers in need of a multi-perspective collection covering several approaches to the issues of institutional economics and national competition.

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Institutional Economics and National Competitiveness This book offers a strong - photo 1
Institutional Economics and National
Competitiveness

This book offers a strong contribution to the growing field of institutional economics, going beyond the question of why institutions mat ter and examines the ways in which different types of institutions are conducive to the enhancement of competitiveness and economic development. Adopting a variety of approaches, ranging from New Institutional Economics, Public Choice, Constitutional Political Economy and Austrian Economics, to more traditional economic approaches, contributors examine the important issues of interest to development economics.

This book asks whether democracy is a precondition for economic development, what the proper role of government is in the age of globalization and whether successful government led policies were the cause of South Korea's economic development. As well as these key questions, the book covers the issues of whether the government should rely on the market process to encourage economic development or must they interfere, and by what criteria one can judge a proposal for policies for economic prosperity. The book tries to make a contribution by introducing a variety of perspective, some argue in favour of industrial policies while others argue for a lesser role for the government and greater entrepreneurial freedom. Some question the wisdom of promoting democracy as a necessary condition for economic development while others argue that political liberalization is the basis of lasting competitive edge of an economy.

The book should be of great interest to students and researchers in need of a multi-perspective collection covering several approaches to the issues of institutional economics and national competition.

Young Back Choi is Professor of Economics at St. John's University, New York, USA, and a faculty associate of the Colloquium on Market Institutions and Economic Processes at New York University, USA.

Routledge frontiers of political economy

1 Equilibrium versus Understanding

Towards the rehumanization of economics within social theory

Mark Addleson

2 Evolution, Order and Complexity

Edited by Elias L. Khalil and Kenneth E. Boulding

3 Interactions in Political Economy

Malvern after ten years

Edited by Steven Pressman

4 The End of Economics

Michael Perelman

5 Probability in Economics

Omar F. Hamouda and Robin Rowley

6 Capital Controversy, Post Keynesian Economics and the History of Economics

Essays in honour of Geoff Harcourt, volume one

Edited by Philip Arestis, Gabriel Palma and Malcolm Sawyer

7 Markets, Unemployment and Economic Policy

Essays in honour of Geoff Harcourt, volume two

Edited by Philip Arestis, Gabriel Palma and Malcolm Sawyer

8 Social Economy

The logic of capitalist development

Clark Everling

9 New Keynesian Economics/Post Keynesian Alternatives

Edited by Roy J. Rotheim

10 The Representative Agent in Macroeconomics

James E. Hartley

11 Borderlands of Economics

Essays in honour of Daniel R. Fusfeld

Edited by Nahid Aslanbeigui and Young Back Choi

12 Value, Distribution and Capital

Essays in honour of Pierangelo Garegnani

Edited by Gary Mongiovi and Fabio Petri

13 The Economics of Science

Methodology and epistemology as if economics really mattered

James R. Wible

14 Competitiveness, Localised Learning and Regional Development

Specialisation and prosperity in small open economies

Peter Maskell, Heikki Eskelinen, Ingjaldur Hannibalsson, Anders Malmberg and Eirik Vatne

15 Labour Market Theory

A constructive reassessment

Ben J. Fine

16 Women and European Employment

Jill Rubery, Mark Smith, Colette Fagan and Damian Grimshaw

17 Explorations in Economic Methodology

From Lakatos to empirical philosophy of science

Roger Backhouse

18 Subjectivity in Political Economy

Essays on wanting and choosing

David P. Levine

19 The Political Economy of Middle East Peace

The impact of competing trade agendas

Edited by J.W. Wright, Jnr

20 The Active Consumer

Novelty and surprise in consumer choice

Edited by Marina Bianchi

21 Subjectivism and Economic Analysis

Essays in memory of Ludwig Lachmann

Edited by Roger Koppl and Gary Mongiovi

22 Themes in Post-Keynesian Economics

Essays in honour of Geoff Harcourt, volume three

Edited by Claudio Sardoni and Peter Kriesler

23 The Dynamics of Technological Knowledge

Cristiano Antonelli

24 The Political Economy of Diet, Health and Food Policy

Ben J. Fine

25 The End of Finance

Capital market inflation, financial derivatives and pension fund capitalism

Jan Toporowski

26 Political Economy and the New Capitalism

Edited by Jan Toporowski

27 Growth Theory

A philosophical perspective

Patricia Northover

28 The Political Economy of the Small Firm

Edited by Charlie Dannreuther

29 Hahn and Economic Methodology

Edited by Thomas Boylan and Paschal F. O'Gorman

30 Gender, Growth and Trade

The miracle economies of the postwar years

David Kucera

31 Normative Political Economy

Subjective freedom, the market and the state

David Levine

32 Economist with a Public Purpose

Essays in honour of John Kenneth Galbraith

Edited by Michael Keaney

33 Involuntary Unemployment

The elusive quest for a theory

Michel De Vroey

34 The Fundamental Institutions of Capitalism

Ernesto Screpanti

35 Transcending Transaction

The search for self-generating markets

Alan Shipman

36 Power in Business and the State

An historical analysis of its concentration

Frank Bealey

37 Editing Economics

Essays in honour of Mark Perlman

Edited by Hank Lim, Ungsuh K. Park and Geoff Harcourt

38 Money, Macroeconomics and Keynes

Essays in honour of Victoria Chick, volume one

Edited by Philip Arestis, Meghnad Desai and Sheila Dow

39 Methodology, Microeconomics and Keynes

Essays in honour of Victoria Chick, volume two

Edited by Philip Arestis, Meghnad Desai and Sheila Dow

40 Market Drive and Governance

Reexamining the rules for economic and commercial contest

Ralf Boscheck

41 The Value of Marx

Political economy for contemporary capitalism

Alfredo Saad-Filho

42 Issues in Positive Political Economy

S. Mansoob Murshed

43 The Enigma of Globalisation

A journey to a new stage of capitalism

Robert Went

44 The Market

Equilibrium, stability, mythology

S.N. Afriat

45 The Political Economy of Rule Evasion and Policy Reform

Jim Leitzel

46 Unpaid Work and the Economy

Edited by Antonella Picchio

47 Distributional Justice

Theory and measurement

Hilde Bojer

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