Institutional theory perspective – contrasting growth and development

Institutional theory perspective – contrasting growth and development.So,the assignment requires you to explain the contrasting growth and development experience of China and sub-Saharan Africa since 1980.

Institutional theory perspective – contrasting growth and development

From the perspective of institutional theory, explain the contrasting growth and development experience of China and sub-Saharan Africa since 1980.The premise of the question is that since China’s reforms following the death of Mao Zedong, China has experienced remarkable growth.Besides, this contrasts with the relatively poor growth of much of sub Saharan Africa. There are many explanations for economic growth and development, but institutional theory is cited by many as a key driver of growth. Therefore, a major reason why some countries grow faster than others is the nature of their institutional frameworks. Additionally,this essay requires you to explain institutions, and apply the theory to China and SSA in order to explain the extent to which institutions help us understand the different growth and development experience.

Firstly, Identify and evaluate the key influences both internal and external, which have shaped the economic and business environments of key emerging markets.

Institutional theory perspective – contrasting growth and development

Secondly, apply appropriate tools of analysis to conduct research in selected markets.

So,the Resources include,

Key reading on moodle:

 

Firstly,Hodgson, G. (2006). What Are Institutions? Journal of Economic Issues, 40(1), 1-25.

 

Secondly, Acemoglu, D., & Johnson, S. (2005). Unbundling Institutions. Journal of Political Economy, 113(5), 949-995. doi:10.1086/432166

Thirdly, Acemoglu, D., Robinson. J,. (2010) Why is Africa Poor?, Economic History of Developing Regions, 25:1, 21-50,

Acemoglu, D., S. Johnson, and J. A. Robinson (2005), ‘Institutions as the Fundamental Cause of Long-Run Growth’, in P. Aghion and S. Durlauf (eds.), Handbook of Economic Growth, Amsterdam: North-Holland, pp. 385–472.

 

Lastly, Birdsall, N (2007). “Do No Harm: Aid, Weak Institutions and the Missing Middle in Africa,” Development Policy Review, Overseas Development Institute, vol. 25(5), pages 575-598, September

 

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