• DOI:10.1596/1813-9450-4359
Corpus ID: 10695345

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

@article{North2007LimitedAO,
  title={Limited Access Orders in the Developing World: A New Approach to the Problems of Development},
  author={D. North and John Joseph Wallis and S. B. Webb and B. Weingast},
  journal={Development Economics},
  year={2007}
}

D. North, John Joseph Wallis, +1 author B. Weingast

Published 2007

Business

Development Economics

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… CONTINUE READING

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