Institutional trajectories: Three comparative case studies
Language
EN
Chapitre d'ouvrage
This item was published in
The Diversity of Emerging Capitalisms in Developing Countries. 2017p. 371-409
Springer International Publishing
English Abstract
The two authors (François Combarnous and Eric Rougier) compare the historical trajectories of three regional pairs of developing countries (Ghana–Côte d’Ivoire, Mexico–Brazil, and Malaysia–Indonesia) and describe what drove ...Read more >
The two authors (François Combarnous and Eric Rougier) compare the historical trajectories of three regional pairs of developing countries (Ghana–Côte d’Ivoire, Mexico–Brazil, and Malaysia–Indonesia) and describe what drove countries with fairly similar initial conditions to adopt contrasted institutional systems. The chapter shows that, in the aftermath of political (decolonization) or economic shocks (external or domestic financial crises), different domestic conditions (in terms of dominant coalitions or of the degree of democracy), together with different economic and political relationships with the former colonial power and transnational corporations, gave rise to diverging institutional trajectories. Whereas certain countries could progressively assemble polymorphic and functional systems of sectoral institutions, others failed to do so since they could only combine types of institutional governance that would appear, ex post, to be non-complementary and, therefore, dysfunctional.Read less <
English Keywords
Foreign Direct Investment
Institutional System
Institutional Reform
Land Reform
Political Equilibrium