Constitutional Reform, Rent Extraction, and Economic Development in China

2011 ◽  
Author(s):  
Roger D. Congleton
Keyword(s):  
Economic Development ◽  
Constitutional Reform ◽  
Rent Extraction

Building a New Imperial State: The Strategic Foundations of Separation of Powers in America

2017 ◽  
Vol 111 (4) ◽  
pp. 668-685 ◽  
Author(s):  
SEAN GAILMARD
Keyword(s):  
Economic Development ◽  
British Empire ◽  
Separation Of Powers ◽  
Institutional Development ◽  
Institutional Choice ◽  
Rent Extraction ◽  
American Colonies ◽  
Distinct Factor ◽  
Imperial State

Separation of powers existed in the British Empire of North America long before the U.S. Constitution of 1789, yet little is known about the strategic foundations of this institutional choice. In this article, I argue that separation of powers helps an imperial crown mitigate an agency problem with its colonial governor. Governors may extract more rents from colonial settlers than the imperial crown prefers. This lowers the Crown’s rents and inhibits economic development by settlers. Separation of powers within colonies allows settlers to restrain the governor’s rent extraction. If returns to settler investment are moderately high, this restraint is necessary for colonial economic development and ultimately benefits the Crown. Historical evidence from the American colonies and the first British Empire is consistent with the model. This article highlights the role of agency problems as a distinct factor in New World institutional development, and in a sovereign’s incentives to create liberal institutions.

Populism could affect Philippines economic policy

2016 ◽  
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Foreign Investment ◽  
Energy Sector ◽  
Constitutional Reform ◽  
Energy Prices ◽  
Content Type ◽  
Vested Interests ◽  
Power Shortages

Significance Duterte wants to amend the constitution for various reasons, one being to aid foreign investment to further economic development. Comments by Duterte on November 23 also suggest that his administration could take more interventionist economic measures, which may particularly affect the energy and telecommunications sectors, to support economic development though greater competition. Impacts Energy sector liberalisation could help ease Philippine power shortages and benefit industry. Lowering telecommunication and energy prices, and improving these sectors' performance, would further boost Duterte politically. Vested interests inside and outside congress could resist constitutional reform efforts.

scholarly journals China's Political Reform as the Key to US-China Relations

2004 ◽  
Vol 5 (1) ◽  
pp. 27-38
Author(s):  
Shaomin Li
Keyword(s):  
Economic Development ◽  
World War Ii ◽  
Communist Party ◽  
Political Reform ◽  
International Community ◽  
Constitutional Reform ◽  
World War ◽  
The Real ◽  
Real Progress ◽  
The U.S

Many people believe that economic development will naturally lead to democratization in Otina. History, however, shows otherwise. Rising economic powers of Japan and Germany in the 1930s led them to fascism and war. The current U.S.-Otina-Taiwan relations resemble the U.S.-Japan-Otina relations before World War II in the sense that the rurrent Otinese regime eagerly wants be a full-fledged member of the international community and to build a closer relationship with the U.S. while threatening to overtake Taiwan by force. The U.S. should uphold its nonnegotiable principles and make it clear to the Otinese leaders that without initiating democratization, any cordial relationship is impossible. The real progress in Otina is not the change ofleaderships in the communist party; it is the much-needed constitutional reform.

scholarly journals Constitutional reform – The breakthrough solution to growth and economic development in Vietnam

2014 ◽  
Vol 17 (1) ◽  
pp. 39-46
Author(s):  
Manh Hong Pham
Keyword(s):  
Economic Development ◽  
Growth And Development ◽  
Institutional Reform ◽  
Institutional Capacity ◽  
Constitutional Reform ◽  
Economic Growth And Development ◽  
The Face ◽  
Basic Solutions ◽  
Institutional Aspects ◽  
Institutional Capacity Building

This article identifies the shortcomings and limitations on institutional aspects in Vietnam. Shortcomings exist and is evident on the face: thinking and institutional capacity building are limited, effective from the implementation is a major challenge and becomes barriers to the increased economic growth and development in Vietnam today. On this basis, the study also suggested some basic solutions to improve the capacity of institutions to implement and accelerate the process of institutional reform serving the economic development in Vietnam now.

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