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《Comparative Economic & Social Systems》 2013-01
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Inclusive Institutions,Extractive Institutions and Sustainable Prosperity

Fan Shitao (Beijing Normal University,Beijing)  
This paper focuses on the institutional analysis framework proposed by Daron Acemoglu and James A.Robinson to explain the history of world development in which the interactions of political institutions and economic institutions are clarified.According to the framework,the virtuous cycle of inclusive institutions perpetuates prosperity,while the vicious cycle of extractive institutions makes nations fail.The framework is relevant and insightful for Chinese political and economic reform,which is why the author has written this paper.
【CateGory Index】: F121;D034
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