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  • Shipping and Development in Dubai : Infrastructure, Innovation and Institutions in the Gulf
    Shipping and Development in Dubai : Infrastructure, Innovation and Institutions in the Gulf

    A small town on a sandy creek half a century ago, Dubai is now the largest trading, commercial, leisure and transport entrepot in the Gulf and wider region.This book explains the reasons for the emergence of Dubai and its distinctive development trajectory, arguing that the decision, in the 1970s, to invest in infrastructure made possible by shipping containerization laid the foundations for its future expansion. The book shows that in contrast to its competitors’ hydrocarbon rentier economic model, Dubai’s creation and expansion of ports and airports, together with ‘value-added’ logistics and business-friendly enhancements, were used to out-compete regional rivals.Drawing on a range of primary and secondary sources, including interviews with logistics business-people, government records, memoirs, it fills a significant lacuna in the history of Dubai’s development and emergence as a global trade hub.

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  • Foundations of Post-Schumpeterian Economics : Innovation, Institutions and Finance
    Foundations of Post-Schumpeterian Economics : Innovation, Institutions and Finance

    The neo-Schumpeterian interpretation dominating the field of evolutionary economics puts focus on technological innovation, Darwinian evolution and economic growth, and has proven to be fertile ground for the past forty years.However, as the evolutionary school attempts to engage with a world of inequality, financialization and economic fragility, the limits of such an interpretation begin to show.Contributing to the development of a more balanced post-Schumpeterian economics, this book offers a complementary interpretation of Schumpeter’s theory which is based on economic innovation, Bergsonian creative evolution and monetary mechanisms and institutions. The theoretical consequences of this new interpretation are significant and numerous.First, it leads to a conceptual separation of economic and technological innovation.Second, it offers a deeper integration of monetary and financial elements within the theory of the process of development, illustrating the adaptive and planning role provided by financial speculation under capitalist conditions.Third, it provides the foundations for a post-Schumpeterian theory of capitalist crisis, built on the relationship between innovation funding, the institutional development of banking and speculative credit creation.Finally, by discussing several key recent developments in evolutionary economics, the interpretation illustrates the opportunities unlocked by a pluralist approach to disciplinary development, aiming towards the development of a comprehensive post-Schumpeterian approach to economics.This text is essential reading for scholars and students of Schumpeter, evolutionary economics, post-Keynesian economics, institutional economics and all economists interested in the ontological, methodological and theoretical challenges posed by economic development.

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  • A Broken Record : Institutions, Community and Development in Pakistan
    A Broken Record : Institutions, Community and Development in Pakistan

    This book examines economic reform in the Punjab in the period 1900-47 in an attempt to historicise theories of institutional change and community development.It advances the economic history of the region by analysing microeconomic reform in the province.A close examination of programmes of rural reconstruction in colonial Punjab reveals stark parallels with more contemporary prescriptions of development economics.Simultaneously, a study of the trajectory of legislative change sheds light on the institutional legacies of colonial rule.It engages deeply with the theoretical scholarship on development and rural uplift that emerges in this period and develops an intellectual genealogy that links colonialism to development studies.It questions the continued valorisation of the 'community' despite a lack of supportive evidence and argues that one reason for the continued popularity of ideas of community development and institutional malaise is that both absolve the status quo from blame.

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  • Institutions and Chinese Economic Development : A Comparative Historical Approach
    Institutions and Chinese Economic Development : A Comparative Historical Approach

    China’s rise as an economic power has posed some challenging questions: how did China achieve GDP growth that was even faster than the Four Asian Tigers?Is the "Chinese model" superior? Why hasn’t the rapid economic growth lead to democracy in the country as many observers expected? And can China sustain its rapid economic growth with its existing social system?Institutions and Chinese Economic Development: A Comparative Historical Approach explores these questions by studying the historical relationship between institutions and economic development in China, drawing comparisons with England, Japan and other Asian economies as appropriate.The investigation focuses on several junctures in China’s economic development: the starting point of the divergence between China and the West; the externally-provoked industrial development in the late 19th century; and the contemporary Chinese Miracle.The analysis foregrounds the role played by Chinese institutions and examines their effects on both the country’s failure to industrialize in the past and its economic achievements in recent time.The book also asks whether, without reform to the existing state institutions, China might still be subject to the historical dynastic cycles today, despite its recent economic success. This work is of great interest to students and scholars of the Chinese economy, economic history and institutional economics, as well as comparative history and Chinese studies more broadly.

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  • What are social institutions?

    Social institutions are established systems or structures within society that fulfill specific functions and roles. These institutions help to organize and regulate social behavior, norms, and interactions. Examples of social institutions include family, education, government, religion, and the economy. They play a crucial role in shaping individuals' beliefs, values, and behaviors, as well as maintaining social order and stability.

  • What are legal institutions?

    Legal institutions are the organizations and systems that are responsible for creating, interpreting, and enforcing laws within a society. These institutions include courts, law enforcement agencies, regulatory bodies, and legislative bodies. They play a crucial role in maintaining order, resolving disputes, and upholding the rule of law within a society. Legal institutions also provide a framework for individuals and businesses to understand their rights and obligations under the law.

  • Are institutions necessary or not?

    Institutions are necessary for a functioning society as they provide structure, stability, and governance. They help establish and enforce rules, norms, and laws that guide behavior and interactions among individuals. Institutions also play a crucial role in promoting social order, economic development, and the protection of rights and freedoms. Without institutions, there would be chaos, uncertainty, and a lack of accountability in society.

  • Which institutions have religious functions?

    Religious institutions such as churches, mosques, temples, synagogues, and other places of worship have religious functions. These institutions serve as places for communal worship, prayer, and religious rituals. They also provide religious education, guidance, and support for their members. Additionally, religious institutions often play a role in providing social services and charitable work in their communities.

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  • Biofuels, Bioenergy and Food Security : Technology, Institutions and Policies
    Biofuels, Bioenergy and Food Security : Technology, Institutions and Policies

    Biofuels, Bioenergy and Food Security: Technology, Institutions and Policies explores the popular ‘Food versus Fuel’ debates, discussing the complex relationship between the biofuel and agricultural markets.From the importance of bioenergy in the context of climate change, to the potentially positive environmental consequences of growing second generation biofuels crops, this book provides important insights into the impact of policy, the technical implementation and the resulting impact of biofuels.The discussion of existing issues hindering the growth of the cellulosic biofuel industry and their remedies are particularly relevant for policy makers and others associated with the biofuel industry. Transferring information on bioenergy economy through the discussion of the current and emerging biofuel market, country specific case studies explain the existing biofuel policy and its consequences to both the energy and agricultural markets.Economic simulation models explain the future of the bioenergy markets. Biofuels, Bioenergy and Food Security: Technology, Institutions and Policies is an invaluable resource to the students, scientific community, policy makers, and investors in the bioenergy industry.Students will benefit from a variety of perspectives on major societal questions in context of the interaction between food security and bioenergy.Its review of existing literature on the biofuel marker, investment opportunities, and energy independence provides a broad overview to allow informed decision making regarding the industry.

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  • Higher Education and SDG16 : Peace, Justice, and Strong Institutions
    Higher Education and SDG16 : Peace, Justice, and Strong Institutions

    The ebook edition of this title is Open Access and freely available to read online. Traditional approaches to teaching, researching, and advancing human rights need a refresh.The Sustainable Development Goals, the Leave No One Behind ethos, and the SDG16 agenda for peaceful, just, and inclusive communities offer a refreshed way to research and teach human rights and social justice in the twenty first century. Exploring how to ground an emerging paradigm shift and field build the next generation so that they approach human rights with a different lens and set of skills, this edited collection presents local case studies from cities and communities and considers their meaning for the rights movement globally.Emphasizing the need to reduce silos between domestic and international work, the chapters combine build on local “right to the city” activism and the global human rights cities movement to examine a local-global approach informed by city-level data, analyses, and practice. Higher Education and the Sustainable Development Goals is a series of 17 books that address each of the SDGs through the lens of higher education.Adopting a solutions-based approach, each book focuses on how higher education is advancing delivery of Agenda 2030.The series is edited by Wendy Purcell, Professor with Rutgers University and Academic Research Scholar with Harvard University; Emeritus Professor and University President Emerita.

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  • Rethinking Productive Development : Sound Policies and Institutions for Economic Transformation
    Rethinking Productive Development : Sound Policies and Institutions for Economic Transformation

    Productive transformation requires seizing the opportunities available and opening new ones in a competitive world.Rethinking Productive Development examines the market failures impeding transformation and the government failures that may make the policy remedies worse than the market illness.To address market failures, the authors propose a simple conceptual framework based on the scope and nature of the policy approach.They then systematically analyze country policies through this lens in key areas such as innovation, new firms, financing, human capital, and internationalization to show the power of this way of thinking.Still, the book warns that policymakers cannot be sure what the right policy interventions are and must set up a process to discover them that calls for public-private collaboration.Recognizing that the risk of capture needs to be checked and that even the best policies will fail without the technical, organizational, and political capacity to implement them, thebook concludes with ideas on how to design institutions fostering the right incentives and how to grow public sector capabilities over time.

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  • The Grand Pattern of Development and the Transition of Institutions
    The Grand Pattern of Development and the Transition of Institutions

    The 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.

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  • What is the meaning of institutions?

    Institutions refer to established organizations or systems that play a significant role in society by shaping norms, values, and behaviors. These can include government bodies, educational systems, religious organizations, and more. Institutions provide structure and stability to society, influencing how individuals interact with one another and how resources are distributed. They help maintain order, enforce rules, and provide a framework for social interactions.

  • What institutions existed in the 1970s?

    In the 1970s, various institutions existed, including government bodies, educational institutions, financial institutions, healthcare facilities, and cultural organizations. Government institutions included the executive, legislative, and judicial branches at the federal, state, and local levels. Educational institutions encompassed schools, colleges, and universities. Financial institutions included banks, stock exchanges, and insurance companies. Healthcare facilities ranged from hospitals to clinics. Cultural organizations included museums, libraries, and arts centers. These institutions played crucial roles in shaping society and providing essential services during the 1970s.

  • Are public-law institutions politically manipulated?

    Public-law institutions can be politically manipulated, as they are often subject to influence from the government or other political actors. This manipulation can take various forms, such as the appointment of officials based on political loyalty rather than merit, interference in decision-making processes, or the use of public-law institutions for political gain. However, it is important to note that not all public-law institutions are politically manipulated, and many strive to maintain independence and impartiality in their operations. Efforts to safeguard the autonomy and integrity of public-law institutions are crucial for upholding the rule of law and ensuring fair and effective governance.

  • How can one be happy in institutions?

    One can be happy in institutions by finding a sense of purpose and fulfillment in their work or activities within the institution. Building positive relationships with colleagues and finding a supportive community within the institution can also contribute to happiness. Additionally, maintaining a healthy work-life balance and taking care of one's physical and mental well-being can help foster happiness in institutional settings. Finally, having a positive attitude and being open to growth and learning within the institution can also contribute to overall happiness.

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