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Institutions, Globalisation and Empowerment

Edited by Kartik Roy, Professor, Auckland Institute of Studies, New Zealand and Jörn Sideras, formerly Centre for International and Political Economy Research (CIPER), Greece
This book argues that the capacity of a country to develop, and the levels of economic and social development achieved, depend more on the institutional parameters within which the development policies are implemented than on the policies themselves. It contends that forces of globalisation influence individual countries’ economic and social institutions.
Extent: 360 pp
Hardback Price: $164.00 Web: $147.60
Publication Date: 2006
ISBN: 978 1 84064 897 3
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  • Economics and Finance
  • Institutional Economics
  • International Economics
This book argues that the capacity of a country to develop, and the levels of economic and social development achieved, depend more on the institutional parameters within which the development policies are implemented than on the policies themselves. It contends that forces of globalisation influence individual countries’ economic and social institutions.

The book begins by examining theoretical aspects of social and economic institutions. It goes on to explore the operation of, and change within, these institutions as a result of globalisation, using examples from selected countries over five continents. The contributors conclude that globalisation has produced beneficial impacts on those social institutions which have been necessary for achieving genuine growth and development. On this evidence they argue for the need to embrace globalisation by undertaking relevant institutional changes.

Approaching the issue of globalisation from a novel perspective – namely how the forces of globalisation are transforming domestic, social and economic institutions to create greater opportunities for empowerment in individual countries – this book will be a fascinating read for those with an interest in development, institutional and international economics.
‘Institutions, Globalisation and Empowerment provides a useful contribution to the emerging literature on institutions and economic development. It also provides interesting examples of the failures and successes of institutional reform.’
– Esteban Pérez Caldentey, Eastern Economic Journal

‘Institutions, Globalisation and Empowerment is highly topical and presents a multidimensional perspective of the changing role of institutions and their impact on development in the era of globalisation.’
– Global Business Review

‘The editors of this volume . . . deserve our wholesome appreciation for choosing so many diverse case studies under one cover. . . the book deserves to be read by policymakers, academics and civil society groups throughout the world.’
– P.S. Jayaramu, Journal of Social and Economic Development
Contributors: K. Bruce, H. Chang, C. Clark, J. Clark, R.E. Ericson, S.A. Gutiérrez de Piñeres, J.S. Holmes, T.W. Kiriti, S.-J. Liu, S. Pejovich, D. Rodrik, K.C. Roy, J.-F. Seznec, J. Sideras, C. Tisdell, V. Vanberg, K.-M. Wan, M. Wohlgemuth
Contents:

Preface

PART I: INTRODUCTION
1. Institutions, Globalisation and Empowerment: An Overview of Issues
Kartik C. Roy and Jörn Sideras

PART II: CONCEPTS
2. Institutions for High-Quality Growth: What They Are and How to Acquire Them
Dani Rodrik

3. The Effects of the Interaction of Formal and Informal Institutions on Social Stability and Economic Development
Svetozar Pejovich

4. Globalisation, Democracy and Citizens’ Sovereignty: Can Competition Among Governments Enhance Democracy?
Viktor Vanberg

PART III: EMPIRICAL EVIDENCE
5. Globalisation: Contradictory Implications for US Women
Cal Clark and Janet Clark

6. Corruption: Is Dollarisation a Solution?
Jennifer S. Holmes and Sheila Amin Gutiérrez de Piñeres

7. Western Europe: German Unification, Integration, Globalisation – The German Social Market Economy Facing a Threefold Challenge
Michael Wohlgemuth

8. Regional Retreat: The Reaction of Russian Institutions to Liberalising Reform
Richard E. Ericson

9. Institutional Deterrents to the Empowerment of Women: Kenya’s Experience
Tabitha W. Kiriti, Clem Tisdell and Kartik C. Roy

10. WTO and the Dangers of Privatisation: An Analysis of the Saudi Case
Jean-François Seznec

11. Institutional Impediments to Women’s Empowerment in Rural India
Kartik C. Roy

12. Estate Taxes and Family-run Firms: An Empirical Study of Publicly Traded Corporations in China, Hong Kong and Taiwan
Kam-Ming Wan, Shi-Jun Liu and Hsihui Chang

13. Globalisation and Institutional Change in the Australian Labour Market
Kyle Bruce

PART IV: CONCLUSION
14. Institutional Change and Empowerment under Globalisation: Some Lessons Learnt
Kartik C. Roy and Jörn Sideras

Index