This book depicts the role of both formal and informal institutions in achieving long-term economic efficiency and development. It is organized into three sections: the first section deals with the historical and political roots that make institutions favorable to development; the second section offers theoretical perceptions of immaterial institutions; the last section explores how the various official institutions - such as international organizations - interrelate with the process of development. As both the recent global financial crisis and the subsequent sovereign debt crisis within the Eurozone have shown, sustainable development is a combination of human, social and institutional factors that interact with each other and go beyond the strictly economic conditions of each country. With contributions from several countries in Europe as well as Iran, this volume offers readers an international and multidisciplinary perspective of the institutionalist determinants of growth in the long run.

Autorentext
Spyros Vliamos is Dean of the Business School of Neapolis University Pafos, Cyprus and Professor Emeritus of Political Economy at the National and Kapodistrian University of Athens, Greece, specializing in Institutional Economics and Entrepreneurship.
Michel S. Zouboulakis is Professor of in History & Methodology of Economics and Department Head of Economics at the University of Thessaly, Greece.

Inhalt

Editors' Introduction S. Vliamos & M. Zouboulakis

Part One: Institutional roots of Development

1. Geoffrey Hodgson: 1688 and All That: Property rights, the Glorious Revolution and the rise of British capitalism

2. Anna Zbkowicz and Sawomir Czech: The contemporary State and interests. A framework of analysis

3. Agnieszka Joanna Legutko: NGOs in the modern state

4. Guy Féaux de la Croix: Freedom & friendship: Some thoughts on the renewal of our democracy

5. Yadollah Dadgar and Rohollah Nazari: The Institutional Impact on Economic Development in Iran

Part Two: Theoretical insights of Institutions

6. Emmanuel D. Adamides: Critical Realism in the Analysis of National Innovation Systems

7. Paschalis Arvanitidis and Fotini Nasioka: From commons dilemmas to social solutions: A common pool resource experiment in Greece

8. Vasilis Zervos: Public goods, club goods and specialization in evolving collaborative entities

Part Three: International Organizations and Development

9. Spyros Vliamos & Konstantinos Gravas The International Financial System and the Role of Central Banks in the Great 2007-9 Recession and the 'Monetary Peace' 10. Ilias Kouskouvelis and Kyriakos Mikelis: Institutions and International Political Economy: Realist Readings of International Regimes

11. Andreas Stergiou EURussia Antagonism in South-Eastern Europe. The energy factor

12. Jerzy Zabkowicz: Declining activity of the European Commission in legislative initiatives. Is the Commission losing its influence?

13. Sylwia Morawska and Joanna Kuczewska: Amendments to legal regulations in the field of the enterprises restructuring procedures in Poland