Institutional Challenges at the Early Stages of Development

This volume examines the role of institutions in early development and identifies generic institutional issues in low-income countries.

Based on in-depth country case studies, this book offers a novel approach to the role of institutions in early development with special attention devoted to historical context, political constraints and state-business interaction.Despite strong interest in the role of institutions; methods of operation, underlying political forces and their precise nature are still misunderstood. Partial analysis of specific aspects of public interventions simplified historical examples, or rough cross-country relationships tend to be the main guides to policy recommendations. Along with four in-depth country studies, published in companion volumes, Institutional Challenges at the Early Stages of Development gives a thorough review of the experiences of South Korea and Taiwan, offering a new perspective for identifying critical institutional issues. Including those related to state-business relations and the economic structure, and its transformation, analytical tools and concept are provided to help diagnose important hurdles at the early stage of a country's development. This title is also available as Open Access.