Political Institutions and Development: Failed Expectations and Renewed Hopes (Global Development Network series)

Political Institutions and Development challenges the cliche that 'good institutions' are essential for sustainable socio-economic development by focusing on the need to adapt potential solutions to local conditions.The authors argue that there is no one optimal institutional design that can be successfully applied to any country. The macro- and micro-level studies contained in this book demonstrate that institutions are highly context-dependent and time-sensitive and must be tailored to local conditions. Specifically, law and order, effective governance, ethnic sensitivity, a supporting political culture, civil rights, and individual opportunities to participate in decision-making are also necessary. With its global perspective, this book explores the relationship between political institutions and development from such diverse regions as the Commonwealth of Independent States, East and South Asia, and Latin America.This book will appeal to scholars and researchers in political science, economics, political economy, development studies and globalization. It will also find a wider audience amongst policymakers, development agencies and policy communities throughout the world.