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Economic development, governance and accounting: Lessons for LDCs from the past Western experience


  • Sherstnev, Mikhail


The paper seeks to extend the debate on the accounting as the social and institutional practice and to put it the context of development and governance issues to highlight the specific interrelationships in the field. It takes the interdisciplinary approach to the issues discussed (combining the discourse from history, economics, sociology, development studies and accounting itself). The paper shows that accounting is the social calculative practice which is interrelated with the governance mechanisms at the micro and macro levels of the economy and services as the technology of such governance. From this it draws original insight into the development of accounting practices in less developed countries in the context of evolution of socio-economic orders.

Suggested Citation

  • Sherstnev, Mikhail, 2009. "Economic development, governance and accounting: Lessons for LDCs from the past Western experience," MPRA Paper 22902, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22902

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    References listed on IDEAS

    1. Toms, Steven, 2005. "Financial control, managerial control and accountability: evidence from the British Cotton Industry, 1700-2000," Accounting, Organizations and Society, Elsevier, vol. 30(7-8), pages 627-653.
    2. repec:dau:papers:123456789/1338 is not listed on IDEAS
    3. Suzuki, Tomo, 2003. "The epistemology of macroeconomic reality: The Keynesian Revolution from an accounting point of view," Accounting, Organizations and Society, Elsevier, vol. 28(5), pages 471-517, July.
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    More about this item


    Economic development; governance; accounting; LDCs; Millenium Development Goals;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting


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