An equilibrium path for institutional change in China

2016 ◽  
Vol 28 (1) ◽  
pp. 399-414
Author(s):  
Shixiong Cao ◽  
Zhiguang Ren
Keyword(s):  
Economic Development ◽  
Institutional Change ◽  
Political Institutions ◽  
Dynamic Equilibrium ◽  
Institutional Changes ◽  
Equilibrium Path ◽  
New Era ◽  
The Past ◽  
Economic Practices ◽  
New Institutions

China’s economic and political reforms since 1978 represent one of the biggest institutional changes in the last century. Because most research has focused on the economics of institutional change rather than the evolution of political institutions, a theoretical framework to explain China’s rapid economic development is lacking. To understand the successes and failures of China’s institutional change, we reviewed China’s innovative political and economic practices during the past 30 years. We found that the country’s political and economic institutions combine to form a dynamic equilibrium that can explain the impressive economic results. China’s leaders dream of new institutions that will improve upon traditional Western capitalism, based on a combination of central planning with traditional capitalist approaches that increase the system’s flexibility. If China’s leaders can combine this approach with decreased social costs compared with previous socioeconomic systems, this will represent a new era and a model that other nations can follow.

The Southern Slope of Monsalvat: How Spanish Wagnerism Became Catalan

2017 ◽  
Vol 41 (1) ◽  
pp. 31-47
Author(s):  
Clinton D. Young
Keyword(s):  
Economic Development ◽  
Political Institutions ◽  
Late Nineteenth Century ◽  
Southern Slope ◽  
Modern Music ◽  
The Past ◽  
Late Nineteenth ◽  
Symphonic Culture ◽  
Similar Dynamic ◽  
The Way

This article examines the development of Wagnerism in late-nineteenth-century Spain, focusing on how it became an integral part of Catalan nationalism. The reception of Wagner's music and ideas in Spain was determined by the country's uneven economic development and the weakness of its musical and political institutions—the same weaknesses that were responsible for the rise of Catalan nationalism. Lack of a symphonic culture in Spain meant that audiences were not prepared to comprehend Wagner's complexity, but that same complexity made Wagner's ideas acceptable to Spanish reformers who saw in the composer an exemplar of the European ideas needed to fix Spanish problems. Thus, when Wagner's operas were first staged in Spain, the Teatro Real de Madrid stressed Wagner's continuity with operas of the past; however, critics and audiences engaged with the works as difficult forms of modern music. The rejection of Wagner in the Spanish capital cleared the way for his ideas to be adopted in Catalonia. A similar dynamic occurred as Spanish composers tried to meld Wagner into their attempts to build a nationalist school of opera composition. The failure of Tomás Bréton's Los amantes de Teruel and Garín cleared the way for Felip Pedrell's more successful theoretical fusion of Wagnerism and nationalism. While Pedrell's opera Els Pirineus was a failure, his explanation of how Wagner's ideals and nationalism could be fused in the treatise Por nuestra música cemented the link between Catalan culture and Wagnerism.

scholarly journals Property rights, institutional change and development in South Africa

2017 ◽  
Vol 17 (1) ◽  
Author(s):  
Stefan Schirmer
Keyword(s):  
South Africa ◽  
Property Rights ◽  
Institutional Change ◽  
South African ◽  
Institutional Economics ◽  
Institutional Changes ◽  
Policy Recommendations ◽  
Universal System ◽  
The Past ◽  
Shed Light

Orientation: This article examined the link between property rights and development in the context of South Africa. Research purpose: The article sought to unpack the implications of Hernando De Soto’s work and the broader institutional economics literature for the policy challenges that South Africa currently confronts. Motivation for the Study: Hernando De Soto’s call for a property rights system accessible to all has had a limited impact in South Africa even though his arguments linking poverty to limited property rights systems seems highly relevant here. This is a legacy of Apartheid that has not yet been properly tackled. At the same time, South African realities may raise questions about De Soto’s conclusions and his policy recommendations. Research design: The article provided a textual analysis of De Soto’s work and then applied it to an investigation of South African poverty and the policies that have been implemented since 1994. The article also drew on seminal contributions to institutional economics to shed light on the process of institutional change, and then showed how this perspective fits with much of what De Soto has written about transforming property rights systems. Main findings: This article argued that extending property rights to all is vital for development and for overcoming a major legacy of apartheid. However, moving from a restricted to a universal system requires fundamental institutional changes that are difficult to achieve. Contribution: While De Soto has often advocated a top-down, overly simplistic policy approach in the past, this article showed that the necessary changes can only come about via an incremental, bottom-up approach. To this end, it is particularly important to strengthen the accountability and capacity of local government.

scholarly journals Sustainable Development and the United Nations Dialogues

2020 ◽  
Vol 9 (1) ◽  
Author(s):  
Sophie Riley
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Value Systems ◽  
New Era ◽  
The Past ◽  
Law And Policy ◽  
The Earth ◽  
Commodification Of Nature

The Earth Summit (1992) heralded what was anticipated to be a new era in environmental regulation with the advent of sustainable development. The concept was based on integrating environmental protection with economic development, supported by specific objectives, such as protection of biodiversity and achievement of intergenerational equity. By the early part of the 21st-century it was apparent that sustainable development had become equated with continuous economic growth, human domination and commodification of nature. This article argues that shortcomings in sustainable development, apparent over the past 25 years, are partly due to the concept’s initial formulation and also attributable to the way the concept has been interpreted and implemented. This validates calls for reconfiguring society’s value systems by better integrating law and policy with Earth-centric principles. The discussion argues that this involves more than tinkering with the key tenets of sustainable development, instead of necessitating their reconceptualisation in accordance with philosophies of Earth jurisprudence.

Institutions: From Import to Raising (Lessons from the Russian Reforms and Opportunities for Cultivation of Institutional Change)

2005 ◽  
pp. 5-27 ◽  
Author(s):  
Ya. Kuzminov ◽  
V. Radaev ◽  
A. Yakovlev ◽  
E. Yasin
Keyword(s):  
Institutional Change ◽  
Institutional Changes ◽  
Social Forces ◽  
Institutional Reforms ◽  
Institutional Complementarity ◽  
New Institutions

Estimating the outcomes of the Russian reforms, the authors suggest the idea of raising of institutions. This insight opposes to the concept of radical institutional changes and the concept of strong institutional inertia. An approach to institutional reforms which is confined to the adoption of "good laws" is criticized. It is pointed out that special continuous efforts should be made for achieving embeddedness of new institutions, diminishing institutional gaps, providing institutional complementarity, and building up a balance of social forces to ensure the success of institutional reforms.

scholarly journals Supreme Court, Institutional Change and Authoritarian Regimes: Argentina and Brazil (1964-1985)

2018 ◽  
Author(s):  
Andrés Del Río
Keyword(s):  
Institutional Change ◽  
Supreme Court ◽  
Historical Perspective ◽  
Authoritarian Regimes ◽  
Institutional Transformation ◽  
Institutional Changes ◽  
Past Century ◽  
The Past ◽  
High Courts ◽  
The Supreme Court

Over the past century, Latin America experienced important political changes. Many countries in the region –such as Argentina and Brazil– faced both harsh authoritarian governments and flourishing democracies. In these two countries, the constant changes of political regimes also brought important institutional changes in the Judicial Power, particularly in the Supreme Court. This paper will analyze the institutional change of the Supreme Court from a comparative perspective. By looking at the cases of Argentina and Brazil, we will review the trajectory of both High Courts in a violent political moment (1964 - 1985). In particular, we will analyze the ways in which these courts were altered in moments of authoritarian regimes. Our analysis will focus on the means used to alter each Court and the objectives of these modifications. Although the cases share some similarities, it is fundamental to remark that each case has its particular trajectory. To understand this, we will analyze the institutional transformation of the High Courts in Argentina and Brazil from a historical perspective, always keeping in mind the violent contexts in which these changes tend to occur.

Re-Interpreting the “Chinese Miracle”: A Multi-Dimensional Framework / Re-Interpreting the “Chinese Miracle”: A Multi-Dimensional Framework

ORDO ◽  
2012 ◽  
Vol 63 (1) ◽  
Author(s):  
Xingyuan Feng ◽  
Christer Ljungwall ◽  
Sujian Guo
Keyword(s):  
Economic Development ◽  
Institutional Change ◽  
Social Engineering ◽  
Large Mass ◽  
Spontaneous Order ◽  
Chinese Society ◽  
Institutional Evolution ◽  
The Past

SummaryThe rapid economic development and transformation of the Chinese society over the past three decades has, by a large mass of analysts, been called a “Miracle”. This paper not only addresses the shortcomings of existing interpretations but also develops a new multi-dimensional framework based on North′s theory of institutional change and Hayek′s theory of institutional evolution to explain China′s miraculous growth. Our analysis shows that both Hayekian spontaneous order and Popper′s “piecemeal social engineering” played a major role in attaining China′s miraculous growth.

Spatiotemporal Changes of Riverbed and Surrounding Environment in Yongding River (Beijing section) in the Past 40 Years

2020 ◽  
Vol 64 (4) ◽  
pp. 40407-1-40407-13 ◽  
Author(s):  
Ran Pang ◽  
He Huang ◽  
Tri Dev Acharya
Keyword(s):  
Economic Development ◽  
Water Conservation ◽  
Human Activities ◽  
Urban Areas ◽  
Water Volume ◽  
Cropland Area ◽  
The Past ◽  
Surrounding Environment ◽  
Spatiotemporal Changes ◽  
Yongding River

Abstract Yongding River is one of the five major river systems in Beijing. It is located to the west of Beijing. It has influenced culture along its basin. The river supports both rural and urban areas. Furthermore, it influences economic development, water conservation, and the natural environment. However, during the past few decades, due to the combined effect of increasing population and economic activities, a series of changes have led to problems such as the reduction in water volume and the exposure of the riverbed. In this study, remote sensing images were used to derive land cover maps and compare spatiotemporal changes during the past 40 years. As a result, the following data were found: forest changed least; cropland area increased to a large extent; bareland area was reduced by a maximum of 63%; surface water area in the study area was lower from 1989 to 1999 because of the excessive use of water in human activities, but it increased by 92% from 2010 to 2018 as awareness about protecting the environment arose; there was a small increase in the built-up area, but this was more planned. These results reveal that water conservancy construction, agroforestry activities, and increasing urbanization have a great impact on the surrounding environment of the Yongding River (Beijing section). This study discusses in detail how the current situation can be attributed to of human activities, policies, economic development, and ecological conservation Furthermore, it suggests improvement by strengthening the governance of the riverbed and the riverside. These results and discussion can be a reference and provide decision support for the management of southwest Beijing or similar river basins in peri-urban areas.

Waterlogging and Salinity in the Indus Plain : Some Basic Consideration

1965 ◽  
Vol 5 (3) ◽  
pp. 331-370 ◽  
Author(s):  
Robert Dorfam
Keyword(s):  
Economic Development ◽  
Social Structure ◽  
Food Production ◽  
Water Development ◽  
The Past

It takes more than ordinary population for a group of strangers to recommends changes in the efforts of a great nation to contend with a problem that goes that goes to the very roofs of its social structure and its livelihood. Yet we did just that in our Report on Land and Water Development in the Indus Plain[l]. We hoped our recommendations would be considered sympathetically and debated fully, that our sound suggestions would be adopted and our unsound ones forgiven. All this has been granted us, and more. The months since the Panel's report was prepared have been eventful for the economic development of West Pakistan. It is hard to cast our minds back to the gloom that filled the atmosphere when the Panel was convened. Food production had been stagnant for the past several years, sem and thur were spreading through the most productive portions of the Plain, expensive efforts to control these twin menaces had been baffled. WAPDA knew, of course, that in principle tubswells could do the job, but there were more failures to report than successes

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