The Theoretical Framework and Experience of Institutional “Being Poor” (Part One)

Authors

  • Wen Tiejun Institute of Sustainable Development (Renmin University of China)
  • Dong Xiaodan
  • Yang Dianchuang

DOI:

https://doi.org/10.18315/argumentum.v3i1.1264

Abstract

While inheriting and discarding development theories with Euro-centrist elements, this paper endeavors to innovate the theory of being poor in institutional economics by proposing the hypothesis of the asymmetry of cost and benefit in the institutional structure. It reviews and analyses a common historical understanding: that cost-transferring is the intrinsic institutional cause of underdeveloped nations being poor during different stages in the development of capitalism. (Part Two will analyze the experience and intrinsic mechanism through which China avoids the 'developmental pitfall' entrapping developing countries in general.)

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Published

01-09-2011

How to Cite

Tiejun, W., Xiaodan, D., & Dianchuang, Y. (2011). The Theoretical Framework and Experience of Institutional “Being Poor” (Part One). Argumentum, 3(1), 56–81. https://doi.org/10.18315/argumentum.v3i1.1264

Issue

Vol. 3 No. 1 (2011)

Section

Thematic Articles

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