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

  • Ke-young Chu
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    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]

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    Paper provided by eSocialSciences in its series Working Papers with number id:3018.

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    Date of creation: Oct 2010
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    Handle: RePEc:ess:wpaper:id:3018
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    1. Andrei Shleifer & Rafael La Porta & Florencio Lopez de Silanes & Cristian Pop-Eleches, 2002. "The Guarantees of Freedom," Yale School of Management Working Papers ysm261, Yale School of Management.
    2. repec:cup:jechis:v:60:y:2000:i:03:p:915-917_57 is not listed on IDEAS
    3. Brunnetti, Aymo & Kisunko, Gregory & Weder, Beatrice, 1997. "Credibility of rules and economic growth : evidence from a worldwide survey of the private sector," Policy Research Working Paper Series 1760, The World Bank.
    4. Robert J. Barro, 1996. "Determinants of Economic Growth: A Cross-Country Empirical Study," NBER Working Papers 5698, National Bureau of Economic Research, Inc.
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    7. Michi Kandori, 2010. "Social Norms and Community Enforcement," Levine's Working Paper Archive 630, David K. Levine.
    8. Romp, Graham, 1997. "Game Theory: Introduction and Applications," OUP Catalogue, Oxford University Press, number 9780198775027, March.
    9. Graham C. Scott, 1996. "Government Reform in New Zealand," IMF Occasional Papers 140, International Monetary Fund.
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