Studies in Comparative International Development

, Volume 35, Issue 3, pp 3–31

Institutions for high-quality growth: What they are and how to acquire them

  • Dani Rodrik
Articles

DOI: 10.1007/BF02699764

Cite this article as:
Rodrik, D. St Comp Int Dev (2000) 35: 3. doi:10.1007/BF02699764

Abstract

This article opens with a discussion of the types of institutions that allow markets to perform adequately. While we can identify in broad terms what these are, there is no unique mapping between markets and the non-market institutions that underpin them. The paper emphasizes the importance of “local knowledge”, and argues that a strategy of institution building must not over-emphasize best-practice “blueprints” at the expense of experimentation. Participatory political systems are the most effective ones for processing and aggregating local knowledge. Democracy is a meta-institution for building good institutions. A range of evidence indicates that participatory democracies enable higher-quality growth.

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Copyright information

© Springer 2001

Authors and Affiliations

  • Dani Rodrik

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