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Institutions and Development: A Conceptual Reanalysis
Author(s) -
Portes Alejandro
Publication year - 2006
Publication title -
population and development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.836
H-Index - 96
eISSN - 1728-4457
pISSN - 0098-7921
DOI - 10.1111/j.1728-4457.2006.00117.x
Subject(s) - scope (computer science) , identification (biology) , conceptual framework , positive economics , position (finance) , social change , institutional change , economic system , development theory , sociology , political science , economics , economic growth , social science , public administration , computer science , biology , programming language , botany , finance
This essay reviews the concept of “institutions” as used in the recent economic literatures on firms and national development and notes its limitations. An alternative framework is proposed that draws on classic and contemporary sociological theory to position the concept of institutions in relation to other basic elements of culture and social structure. The framework is used to analyze (1) the failure of attempts to transplant institutions of developed countries into the global South and (2) the dynamics of massive privatization in Mexico. The bearing of this framework on current institutional theories of social change is examined, leading to the identification of sources of change at different levels of causal significance and scope. This modified theory of change is applied to the longstanding demographic debates on historical and institutional determinants of fertility transitions. The bearing of the proposed “thick institutionalist” framework on social theory and future development policies is discussed.