Limited Access Orders in the Developing World A New Approach to the Problems of Development
Limited Access Orders in the Developing World: A New Approach to the Problems of Development

The upper-income, advanced industrial countries of the world today all have market economies with open competition, competitive multi-party democratic political systems, and a secure government monopoly over violence. Such open access orders, however, are not the only norm and equilibrium type of so...

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Bibliographische Detailangaben
1. Verfasser: North, Douglass Cecil 1920-2015 (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 2007
Schlagworte:
Collective
Corporate Law
Corporations
Disability
E-Business
Individuals
Institutional structures
Labor Policies
Law and Development
Limited
Monopoly
Political parties
Private Sector Development
Public Sector Corruption and Anticorruption Measures
Social Protections and Labor
Societies
Society
Union
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Zusammenfassung:The upper-income, advanced industrial countries of the world today all have market economies with open competition, competitive multi-party democratic political systems, and a secure government monopoly over violence. Such open access orders, however, are not the only norm and equilibrium type of society. The middle and low-income developing countries today, like all countries before about 1800, can be understood as limited access orders that maintain their equilibrium in a fundamentally different way. In limited access orders, the state does not have a secure monopoly on violence, and society organizes itself to control violence among the elite factions. A common feature of limited access orders is that political elites divide up control of the economy, each getting some share of the rents. Since outbreaks of violence reduce the rents, the elite factions have incentives to be peaceable most of the time. Adequate stability of the rents and thus of the social order requires limiting access and competition-hence a social order with a fundamentally different logic than the open access order. This paper lays out such a framework and explores some of its implications for the problems of development today
Beschreibung:Weitere Ausgabe: North, Douglass C: Limited Access Orders in the Developing World
Beschreibung:1 Online-Ressource (1 online resource (50 p.))
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