Presentation and analysis of an original database of the institutional characteristics of developing, in transition and developed countries

2004

The disparity between the development paths followed by the economies of a limited number of countries, known as ‘emerging’, and the bulk of the other developing countries has shown the limitations of previous development strategies. As a consequence, at the beginning of the 1990s, the question of institutions has been propelled to the top of the economic agenda. Theempirical literature has now solidly documented and validated the general relationship between institutions and development. With this as a starting point, attention is now being concentrated on the actual nature of theinstitutional mechanisms at work, the inter-relationships between them and their combined impact on development…