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Economic Welfare, International Business and Global Institutional Change

Editor

Listed:
  • Ram Mudambi
  • Pietro Maria Navarra
  • Giuseppe Sobbrio

Abstract

The distinguished authors in this volume address the fundamental causes for such heterogeneous international experiences, placing particular emphasis on the role of institutions. They demonstrate how the study of economic development is increasingly linked to the development of institutions, which allow for more complex exchanges to occur in markets and societies. Institutions can be understood as rules or constraints that channel individuals' actions in specific directions, and can be formal or informal depending on their genesis. The book highlights the connection between institutions and economic welfare by examining countries at different stages of development. Although the authors' study material effects, they also look at individual well-being which is more strongly influenced by the non-material products of institutions such as opportunity, freedom and relationships. They move on to highlight the role of institutions in global business, in terms of innovation, entrepreneurship and foreign direct investment. In the concluding chapters they focus on the actual process of transition from one institutional framework to another. Amongst other examples, they examine reforms to international financial institutions and constitutional adjustments in transition countries.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Ram Mudambi & Pietro Maria Navarra & Giuseppe Sobbrio (ed.), 2003. "Economic Welfare, International Business and Global Institutional Change," Books, Edward Elgar Publishing, number 2915.
    • Handle: RePEc:elg:eebook:2915
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    Citations

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    Cited by:

    1. John Dunning & Sarianna Lundan, 2008. "Institutions and the OLI paradigm of the multinational enterprise," Asia Pacific Journal of Management, Springer, vol. 25(4), pages 573-593, December.
    2. Mark Mcgovern & Nurcan Temel Candemir, 2006. "Agents, Institutions and Regions in Transition," ERSA conference papers ersa06p788, European Regional Science Association.
    3. Robert R. Hewitt, 2014. "Globalization and Landscape Architecture," SAGE Open, , vol. 4(1), pages 21582440135, February.

    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Business and Management; Economics and Finance; Politics and Public Policy;
    All these keywords.

    JEL classification:

    • H0 - Public Economics - - General

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