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Despite the recognition that institutions matter for international development, the debates over institutional reforms tend to obscure the role of power.
Institutions matter.
So, institutions matter.
Institutions matter, even in economic crises.
Some scholars argue that political institutions matter most — having independent political parties.
But even in a free trade region like the United States, different legal institutions matter.
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Other, less formal, institutions mattered, too.
The arguments and the findings are of much wider relevance, and of pressing importance too.So far as individuals are concerned, the evidence reviewed in the book shows, as you would expect, that education—"having the right qualifications, in the right subjects, from the right institutions"—matters.
The 'political institutions' explanation stipulates how the government of institutions matters with respect to particular earmarked local policies.
This research has reached two broad conclusions: The devil is in the details (and the details are hard to capture in the rough measures of institutions used in regressions); and the combination of institutions matters very much.
In an interview, Vidra acknowledged his remark was unfortunate and said he made a mistake in "not acknowledging enough how much the traditions of the institution matter to me".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com