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Institutions, Institutional Change, and Economic Performance
Li, Wei; Abiad, Victor Technical Note BP-0475 / Published April 3, 2003 / 6 pages.
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Product Overview

Why are some countries much richer than others? This technical note proposes a framework to begin answering this question. The first part identifies inefficient institutions as the root cause of the economic differences between societies. The second part analyzes how these institutions change. And the final part suggests how lessons from this institutional framework can be applied.


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  • Overview

    Why are some countries much richer than others? This technical note proposes a framework to begin answering this question. The first part identifies inefficient institutions as the root cause of the economic differences between societies. The second part analyzes how these institutions change. And the final part suggests how lessons from this institutional framework can be applied.

  • Learning Objectives