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Chapter 5 - I've seen the future and it works

This chapter show a valuable distinction between growth under extractive institutions vs growth
under inclusive institutions.
". . .sustained growth requires technological change, "(124)
The Solow model of growth, Romer's growth model and other models assign differing weights to the
role of technology in the complex process of change.
The discussion of growth under extractive institutions is very helpful for understanding the hurdles
faced when a society facing transition. There are a number of players in extractive societies that do in
fact earn rents and, in the short run, provide some level of growth to the entire society. "Extractive
institutions are so common in history because they have a powerful logic: they can generate some
limited prosperity while at the same time distributing it into the hands of a small elite. For this
growth to happen, there must be political centralization."(149)
So, here is a dilemna, previous the authors argue that some degree of political centralization is
necessary for the development of inclusive institutions. in chapter 5, is recognized that political
centralization is necessary for extractive institutions to emerge and persist.
On page 131 the authors further assert: "It [growth] had been done by government command, which
could solve some basic economic problems."
Economic systems set up incentives that motivate activity that can address problems, create problems
and provide alternatives to existing responses to problems.

Capitolul 5 - I-am vzut viitorul i funcioneaz

Acest capitol prezint o distincie ntre valoros cretere n instituiile extractive vs


cretere n instituii incluzive.
"Cretere .sustained.. Necesit schimbri tehnologice," (124)
Modelul Solow de cretere, model de cretere Romer si alte modele atribui
diferite greuti la rolul tehnologiei n procesul complex de schimbare.
Discuia de cretere n instituii extractive este foarte util pentru a nelege
obstacolele cu care se confrunt atunci cnd o societate se confrunt tranziie.
Exist o serie de juctori n societile extractive care fac, de fapt, ctiga chiriilor
i, pe termen scurt, asigura un anumit nivel de cretere a ntregii societi.
"Instituiile extractive sunt att de comune n istorie, deoarece acestea au o
logic puternic: ei pot genera unele prosperitate limitat n timp ce, n acelai
timp, distribuirea n minile unei elite mic pentru aceast cretere s se ntmple,
trebuie s existe centralizare politic.". (149)
Deci, aici este o dilem, anterioare autorii sustin ca este necesar un anumit grad
de centralizare politic pentru dezvoltarea instituiilor incluzive. n capitolul 5,
este recunoscut faptul c centralizarea politic este necesar ca instituiile
extractive s apar i persist.
Pe pagina 131 autori afirma mai departe: "Este [cretere] a fost facut de
comanda guvern, care ar putea rezolva unele probleme economice de baz."
Sisteme economice instituit stimulente care motiveaz activitate care poate
aborda probleme, creeaz probleme i s ofere alternative la rspunsuri existente
la probleme.