Institutional Change and Economic Development

Ha-Joon Chang is Reader in the Political Economy of Development at the Faculty of Economics, University of Cambridge, UK.

'Just when the institutionalist approach to economic development is at risk of seeming like a 'black box' for tautological non-explanations, this volume of richly historically informed andnuanced studies will restore confidence in the value, if not superiority, of this approach to the political economy of development.'Jomo K.S., Assistant Secretary-General for Economic Development, United Nations'Much has been said about institutions in development, but this book takes us to a new level of analysis, with a very thorough understanding of the history and political economy of institution-building. Along the way it demolishes much of the conventional wisdom, and sets a new standard that all future research on institutions must match.'Tony Addison, Executive Director of the Brooks World Poverty Institute, University of Manchester

• List of Figures; List of Tables; List of Contributors; Foreword by Deepak Nayyar; Acknowledgements; Introduction; Part I: Theoretical Overview; Part II: Evolution of Particular Institutions; Part III: Country Experiences; Index