Institutions: Top Down or Bottom Up?

in

2008
William Easterly
American Economic Review, Vol 98, No. 2, 95-99.

Institutions: Top Down or Bottom Up?
A large research program in economics has established a persuasive link between institutions and economic development. But what does this imply for development policymaking? Can a political leader or aid agency seeking to pro- mote development readily change institutions? This article starts off wildly general, and then moves to specifics.