ブックタイトル佐藤栄作　受賞論文集

概要

佐藤栄作　受賞論文集

第25回最優秀賞and financial markets. Neither would Taiwan 27 . As North and Thomas state,‘efficienteconomic organization is the key to growth’28 .In the development process, namely, the demand for formal institutions increases astransactions become more and more complex; too complex for informal institutions tohandle. In this respect, private property rights are of special importance. Accordingto Rodrik, North and Thomas and North and Weingast, the establishment of secureand stable property rights was crucial to the start of modern economic growth 29 30 31 .Without having adequate control over their property, entrepreneurs and organizationsface a high risk that they will not be able collect the fruits of their investments. Thus,the incentive to accumulate and innovate in such an unpredictable environment isvery low. As a result, productivity is minimal and economic growth stagnates 32 . Whileinformal institutions should not be discredited, the existence of effective formal rulesappear absolutely critical to successful development 33 .3. WHY AFRICA IS DIFFERENT§3.1 State-building in EuropeFrom Violence to Patrimonialism to Rational-Legal StatesIn Europe, the state initially looked more like a protection racket than some greatprojectforthesocialgood34.State-formationmethodswerepredatoryanddidnot27 Rodrik, D.“Institutions for High-Quality Growth: What They Are and How to Acquire Them”. Harvard University,1999,p.7.28 North, D.C. and Thomas, R.P. The Rise of the Western World: A New Economic History. Cambridge: CambridgeUniversityPress,1976,p.1.29 Rodrik, D.“Institutions for High-Quality Growth: What They Are and How to Acquire Them”. Harvard University,1999,p.5.30 North, D.C. and Thomas, R.P. The Rise of the Western World: A New Economic History. Cambridge: CambridgeUniversityPress,1976.31 North, D.C. and Weingast, B.“Constitutions and Commitment: The Evolution of Institutions Governing PublicChoiceinSeventeenthCenturyEngland”.JournalofEconomicHistory,1989,pp.803-832.32Shirley,M.“InstitutionsandDevelopment”.TheRonaldCoaseInstitute,2003,p.3.33 Jutting, J.“Institutions and Development: A Critical Review”. OECD Development Centre, Working Paper No. 210,2003, p.30.34 Tilly, C. Coercion, Capital and European States: AD 990-1992. Oxford: Blackwell Publishers Ltd, 1992.647