The Concept of Inclusive Institutions and Its Applications

 
PIIS086904990011530-5-1
Publication type Article
Status Published
Authors
Occupation: Director, Chief researcher
Affiliation:
Center for Macroeconomic Research in the Financial University under the Government of the Russian Federation
Central Economics and Mathematics Institute of the Russian Academy of Sciences
Address: 4, 4th Veshnyakovskii pass., Moscow, 109456, Russian Federation
Journal nameObshchestvennye nauki i sovremennost
EditionIssue 3
Pages143-156
Abstract

The article discusses the concept of inclusive institutions (CII) put forward by D. Acemoglu and J. Robinson. Shows the analogies and parallels between CII and earlier economic theories and doctrines, shows their organic relationship and continuity. Particular emphasis is placed on more accurate definition of inclusive and extractive institutions, which is made possible by the introduction of the concepts of guarantees and freedoms for the two social groups – elites and masses. It is shown that in the absence of these clarifications, many systemic crises are not amenable to adequate explanation.

Keywordsinclusive institutions, extractive institutions, reforms, economic growth, evolution
Received14.09.2020
Publication date17.06.2017
Number of characters607
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