Author: Toye, John

Source: Cambridge Journal of Economics, Volume 32, Number 3, 13 May 2008 , pp. 513-525(13)

Publisher: Oxford University Press

Abstract:

For economic development, the central importance of commercial law, private enterprise and public infrastructure are undeniable. Yet trying to transplant such in situations when they are foreign can add political turmoil to economic stagnation. Drawing on The Elgar Companion to Development Studies (2006), this dilemma is explored with implications for the appropriate definition of institutions; the meaning of property rights and the mechanisms of conflict resolution.

Keywords: Economic development; institutions; property rights

Document Type: Review article

DOI: http://dx.doi.org/10.1093/cje/bem050

Publication date: 2008-05-13

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• The Cambridge Journal of Economics, founded in 1977 in the traditions of Marx, Keynes, Kalecki, Joan Robinson and Kaldor, provides a forum for theoretical, applied, policy and methodological research into social and economic issues.

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