Almost every contributor to this volume has addressed the impact of political arrangements, or of the institutions (rules) they produce, on economic performance, rather than vice versa. Following this apparently shared view, I want to comment on how participants responded to the following four questions and in some cases identify some gaps that I saw:
  1. (i)

    How can we best characterize political arrangements as they relate to economic development?

  2. (ii)

    How do these political and economic arrangements evolve?

  3. (iii)

    How and how much do these arrangements affect economic performance? and

  4. (iv)

    What are the policy implications?





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Copyright information

© International Economic Association 1998

Authors and Affiliations

  • Geoffrey Shepherd
    • 1
  1. 1.World BankUSA

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