- PII
- S086904990000616-9-1
- DOI
- 10.7868/S0000616-9-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume / Issue 3
- Pages
- 32-43
- Abstract
- The article discusses the views of Daron Acemoglu and James Robinson on the causes of global gaps in well-being , the nature of development and underdevelopment. The work identifi es the most fundamental moments in their interpretation of historical events, especially their use of the institutional approach to the explanation of human history. It is underlined that Acemoglu and Robinson assign the key role to the division of institutions into extractive and inclusive one, the close relationship of political and economic institutions that is responsible for creating the vicious circle in the case of the extractive, and the virtuous circle in the case of their inclusive nature. It is noted that the authors emphasize the random type of historical development in connection with the accidental occurrence of critical junctures causing institutional shifts. The attention is drawn to the fact that they bind the long- term sustainable economic growth with the presence of inclusive political institutions (democracy) and on this basis do not see any prospects for China to become a global leader.
- Keywords
- inclusive institutions, extractive institutions, vicious circle, iron law of oligarchy, virtuous circle, critical junctures, institutional shifts, creative destruction, sustainable economic growth
- Date of publication
- 01.05.2014
- Year of publication
- 2014
- Number of purchasers
- 1
- Views
- 1325
RAS Social ScienceГосударство и право Gosudarstvo i pravo
- ISSN (Print) 1026-9452
- ISSN (Online) 2713-0398
THE HISTORY OF ASEMOGLU-ROBINSON: INSTITUTIONS, DEVELOPMENT AND THE LIMITS OF AUTHORITARY GROWTH
Индексирование
Scopus
Crossref
Higher Attestation Commission
At the Ministry of Education and Science of the Russian Federation
Scientific Electronic Library