How do “Mineral-States” Learn? Path-Dependence, Networks, and Policy Change in the Development of Economic Institutions
AbstractBased on case-study methods, I draw lessons from the political economy of macroeconomic management in Chile and Peru to explain how “mineral-states” learn to think long term and eventually escape the resource curse. I give an institutionalist account of the rise of countercyclical funds, showing how the long-term development of elite networks qualifies the contemporary making of curse-escapes. Policy networks compose one central avenue of institutional development, for both the reproduction of path-dependence and the making of institutional change. The exposition challenges political economy of development frameworks which over-emphasize structural (initial) conditions and assume steady (rent-seeking) behavior of state agents.
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Bibliographic InfoArticle provided by Elsevier in its journal World Development.
Volume (Year): 43 (2013)
Issue (Month): C ()
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resource curse; institutions; institutionalisms; networks; Chile; Peru;
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