The Development of Institutions and the Institutions of Development
Duration: 1 hour 22 mins 31 secs
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About this item
| Description: | A talk by Professor Kunal Sen, the Manchester Academic on the role of Institutions in International Development. |
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| Created: | 2009-02-28 14:56 | ||
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| Collection: | Cambridge University International Development (CUiD) | ||
| Publisher: | University of Cambridge | ||
| Copyright: | J.E. Slocombe | ||
| Language: | eng (English) | ||
| Distribution: |
World
(downloadable)
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| Keywords: | International Development; Lecture; | ||
| Credits: |
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| Explicit content: | No | ||
| Abstract: | The recent re-focussing of aid and development policy around questions of growth is exemplified in the recent Report of the Growth Commission (The Spence Report) and the establishment of the DFID-funded ‘Growth Centre’. But even though this current growth priority is being challenged by the present international financial crisis, it needs to be emphasised that growth will not occur without an appropriate institutional environment, economic and political, formal and informal. Institutions still matter.
We will argue that political and social institutions and processes – both formal and informal – have a profound effect on both the form and functioning of economic institutions and hence influence growth outcomes decisively. We will illustrate this argument with examples drawn from research conducted by the Improving Institutions for Pro-poor Growth (IPPG) consortium (www.ippg.org.uk), in sub-Saharan Africa, India and Latin America. We will work from the understanding that institutions are the formal or informal rules, norms and conventions that govern human interaction in any domain or sector of human behaviour; whereas organizations are the players – formally or informally constituted agents or interests – that establish, operate, oppose, maintain or change the rules. Professor Sen is a professor of development economics and policy at Manchester University. He is also the joint director of the Improving Institutions for Pro-Poor Growth research programme. Recently, he has been influenced by the work of Pranab Bardhan and also by the work of Daron Acemoglu, Simon Johnson and James Robinson, who have sought to integrate insights from other disciplines (chiefly political science) into the economic analysis of institutions. |
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