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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    Access Orders and the ‘New’ New Institutional Economics of Development
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