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Atlantic Economic Journal

, Volume 28, Issue 1, pp 25–36 | Cite as

Transition on the spot: Historicity, social structure, and institutional change

  • Silke R. Stahl-Role
Article

Abstract

Why do some countries in transition perform quite well while others still struggle with institutional reform, experiencing economic hardship and political disintegration? This paper suggests that this question can only be answered if the processes behind institutional change are well understood. Within the framework of a micro-macro model, it will be argued that historic experience shapes both mental models and the effectiveness of social learning. The historicity of economic development is behind differing development paths. Moreover, it will be shown that understanding the forces that bring about institutional change allows the political advisor to suggest strategies better adapted to the specific needs of different countries than the strategies currently employed. These findings will be applied to the problem of institutional change in rural Russia where the failure of existing reform strategies is eminent.

Keywords

Economic Development Social Structure International Economic Mental Model Public Finance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Atlantic Economic Society 2000

Authors and Affiliations

  • Silke R. Stahl-Role
    • 1
  1. 1.Columbia UniversityUSA

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