Institutions: top down or bottom up?
A large research program in economics has established a persuasive link between institutions and economic development. But what does this imply for development policymaking? Can a political leader or aid agency seeking to promote development readily change institutions? This article starts off wildly general, and then moves to specifics.
|Date of creation:||May 2008|
|Date of revision:|
|Publication status:||Published in American Economic Review 98.2(2008): pp. 95-99|
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Policy Research Working Paper Series
2991, The World Bank.
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- William Easterly & Tobias Pfutze, 2008. "Where Does the Money Go? Best and Worst Practices in Foreign Aid," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 29-52, Spring.
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