<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

Data publikacji: 15 kwi 2016

Zakres stron: 314 - 330

Otrzymano: 10 gru 2014

Przyjęty: 24 wrz 2015

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

Słowa kluczowe
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

Data publikacji: 15 kwi 2016

Zakres stron: 314 - 330

Otrzymano: 10 gru 2014

Przyjęty: 24 wrz 2015

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

Słowa kluczoweAsiatic mode of production, Institutions, Geographical deviation, Modern world system

© 2016

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

Słowa kluczowe
Asiatic mode of production, Institutions, Geographical deviation, Modern world system