Development concerns the realization of our adaptive well-being through productive association with others. Institutions matter for development because they represent a shared understanding within a community of the rules we need to cooperate successfully with each other. Improving our adaptive potential requires that we recognize and renew these shared institutional resources to meet our current and future challenges in collective action.
KeywordsEurope Coherence Arena Sudan Tame
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- 7.The French demographer Alfred Sauvy coined the expression “tiers monde” in French in 1952 by analogy with the “third estate.” The third estate refers to the commoners of France before and during the French Revolution, in comparison to the priests and nobles, who comprised the first and second estates respectively. Thus, implicit in the term “Third World” is the idea that third world is exploited and that a change in its destiny is bound to be a revolutionary one. See Gerald Chaliand, “Third World” Third World Traveler, accessed on September 2004 at http://www.thirdworldtraveler.com/General/ThirdWorld_def.html
- 13.James Buchanan (1986: 271) notes that “any discussion of institutional change must embody the recognition that we start from here, and that here defines both time and place.”Google Scholar