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Collective Values, Behavioural Norms and Rules Building Institutions for Economic Growth and Poverty Reduction

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  • Ke-young Chu

Abstract

Economic growth and poverty reduction require for a country to establish efficient rules for economic and political transactions. Poor countries suffer from inadequate, inefficient transaction rules. Formal rules (e.g.,laws,policies) must be nested in hospitable behavioural norms and values. Cultural collectivism in many of these countries and consequent group-oriented values, factionalism, and discretionary rule implementation have adverse implications for their efforts to establish well-defined property rights and other rules. Overtime, these countries must establish rules for government-enforced, widespread impersonal transactions. [DiscussionPaperNo.2001/98]

Suggested Citation

  • Ke-young Chu, 2010. "Collective Values, Behavioural Norms and Rules Building Institutions for Economic Growth and Poverty Reduction," Working Papers id:3018, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:3018
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    References listed on IDEAS

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    1. Robert J. Barro, 1998. "Determinants of Economic Growth: A Cross-Country Empirical Study," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522543, January.
    2. Romp, Graham, 1997. "Game Theory: Introduction and Applications," OUP Catalogue, Oxford University Press, number 9780198775027.
    3. Rafael La Porta & Florencio Lopez-de-Silanes & Cristian Pop-Eleches & Andrei Shleifer, 2002. "The Guarantees of Freedom," Harvard Institute of Economic Research Working Papers 1943, Harvard - Institute of Economic Research.
    4. Brunetti, Aymo & Kisunko, Gregory & Weder, Beatrice, 1998. "Credibility of Rules and Economic Growth: Evidence from a Worldwide Survey of the Private Sector," World Bank Economic Review, World Bank Group, vol. 12(3), pages 353-384, September.
    5. repec:cup:apsrev:v:79:y:1985:i:02:p:293-304_22 is not listed on IDEAS
    6. Graham C. Scott, 1996. "Government Reform in New Zealand," IMF Occasional Papers 140, International Monetary Fund.
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    Keywords

    growth; poverty; rules; institutions; humanbehaviour;

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