<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Different destinies of particular countries and nonexistence of warranted economic and social prosperity are explained by two paradigms: geographical and institutional one. Geographical paradigm insists upon the significance of physical geography, climate, ecology, that shape technology and individual behaviour. Institutional paradigm attributes the central role of institutions which promote investment in human, physical capital and technology. These two approaches have their roots in: 1. Traditional society theory (Theory of Asiatic mode of production): differences in traditional societies of each country explain their different growth rates and level of economic development, and 2. World system theory: only countries that escaped colonial status have a chance to develop.</p></abstract>

Different destinies of particular countries and nonexistence of warranted economic and social prosperity are explained by two paradigms: geographical and institutional one. Geographical paradigm insists upon the significance of physical geography, climate, ecology, that shape technology and individual behaviour. Institutional paradigm attributes the central role of institutions which promote investment in human, physical capital and technology. These two approaches have their roots in: 1. Traditional society theory (Theory of Asiatic mode of production): differences in traditional societies of each country explain their different growth rates and level of economic development, and 2. World system theory: only countries that escaped colonial status have a chance to develop.

Geographical Deviation and Historical Development

Univerzitet u Beogradu, Ekonomski fakultet

Economic Themes

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Geographical Deviation and Historical Development"}

Different destinies of particular countries and nonexistence of warranted economic and social prosperity are explained by two paradigms: geographical and...

Geographical Deviation and Historical Development

Published Online: Apr 15, 2016

Page range: 314 - 330

Received: Dec 10, 2014

Accepted: Sep 24, 2015

DOI: https://doi.org/10.1515/ethemes-2015-0018

Keywords
Asiatic mode of production, Institutions, Geographical deviation, Modern world system

© 2016

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Geographical Deviation and Historical Development

Published Online: Apr 15, 2016

Page range: 314 - 330

Received: Dec 10, 2014

Accepted: Sep 24, 2015

DOI: https://doi.org/10.1515/ethemes-2015-0018

KeywordsAsiatic mode of production, Institutions, Geographical deviation, Modern world system

© 2016

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Asiatic mode of production, Institutions, Geographical deviation, Modern world system