The Institutions of Economic Growth: A Theory of Conflict Management in Developing Countries

Nations undergoing rapid economic growth require new institutions—both formal organizations and informal modes of interpersonal behavior. John Powelson develops a theory of institution-building to explain how nations choose such institutions, what kinds they prefer and why, and in what ways the institutions’ effectiveness (essentially, their conflict-resolving capacity) may be measured.

Originally published in 1972.

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