The Mechanics of Modernity in Europe and East Asia: Institutional Origins of Social Change and Stagnation

1st Edition

Erik Ringmar

Routledge
Published August 12, 2009
Reference - 268 Pages
ISBN 9780415547703 - CAT# Y102546
Series: Routledge Explorations in Economic History

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Summary

Why, from the eighteenth century onwards, did some countries embark on a path of sustained economic growth, while others stagnated? This text looks at the kind of institutions that are required in order for change to take place, and Ringmar concludes that for sustained development to be possible, change must be institutionalized. Taking a global view, Ringmar investigates the implications of his conclusion on issues facing the developing world today.

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