nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2007‒03‒10
three papers chosen by
Karl Petrick
University of the West Indies

  1. "Globalization and Regional Co-operation in South Asia: A Political and Social Economy Approach" By Haider A. Khan; Zulfiqar Larik
  2. Gender and family firms: an interdisciplinary approach By Paloma Fernandez Perez; Eleanor Hamilton
  3. Two Views on Institutions and Development: The Grand Transition vs. the Primacy of Institutions By Martin Paldam; Erich Gundlach

  1. By: Haider A. Khan (GSIS, University of Denver); Zulfiqar Larik (GSIS, University of Denver)
    Abstract: This paper analyzes the problems of regional co-operation in South Asia within a general political and social economy approach towards a "fractured or fragmented globalization". The word globalization, as commonly used, is largely a descriptive and not an analytical category. This paper attempts to give the term analytic content. It then focuses on both the positive and normative analysis of globalization. Trade, environment, finance and gender issues receive special attention. A global governance structure based on transparent principles of both economic efficiency and social justice is shown to be a desirable state of affairs; however, the present fractured process of globalization is more likely to end up in regionalism or even national protectionism and rivalry. Multilateral co-operation on the basis of the framework advanced here is an urgent necessity. For South Asia, such multilateral regional co-operation presents some special difficulties. But the paper argues that these difficulties, while challenging, can be overcome. The preconditions and prospects for building South Asian regional co-operation are discussed and a specific set of recommendations are offered.
    Date: 2007–03
  2. By: Paloma Fernandez Perez; Eleanor Hamilton (Universitat de Barcelona)
    Abstract: This study contributes to developing our understanding of gender and family business, a topic so crucial to recent policies about competitive growth. It does so by providing an interdisciplinary synthesis of some major theoretical debates. It also contributes to this understanding by illuminating the role of women and their participation in the practices of the family and the business. Finally, it explores gender relations and the notion that leadership in family business may take complex forms crafted within constantly changing relationships. Leadership is introduced as a concept that captures the reality of women and men in family firms in a better way than other concepts used by historians or economists like ownership and management.
    Keywords: genere, gender, empresa familiar, family firms, leadership, lideratge
    JEL: J16 M20 N01 D10 N80
    Date: 2007
  3. By: Martin Paldam; Erich Gundlach
    Abstract: The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many institutional changes can be understood as transitions occurring at roughly the same level (zones) of development. The Primacy of Institutions (PoI) view claims that economic development is a consequence of an exogenous selection of institutions. Our survey of the empirical evidence and our own estimates reveal that it is easy to find con-vincing evidence supporting either of the two views. Property rights do affect development as suggested by the PoI. However, democracy is mainly an effect of development as suggested by the GT. We conclude that the empirical results are far too mixed to allow for a robust assessment that one of the two views is true and the other false. This finding implies that focusing on institutional development is unlikely to be successful as the key strategy for the economic development of poor countries.
    Keywords: Grand transition, primacy of institutions, democracy, corruption, development
    JEL: B25 O1
    Date: 2007–03

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