Abstract and Keywords
Scholars agree that states influence rates and patterns of economic development everywhere. Yet why are some states better at promoting economic development than others? It is argued in this chapter that a historical-institutional perspective is especially well suited to study the role and effectiveness of the states in economic development. Focusing on late-developing countries of Asia, Africa, and Latin America, the chapter highlight the deeper historical determinants of states’ economic policy choices, whether these are the legacies of colonialism (such as in Nigeria) or of the political and economic continuities (Latin America) and discontinuities (Asia) produced by decolonization.
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