Emerging Capitalisms and Institutional Reforms in Developing Countries

Abstract

In the final chapter, the editors (Eric Rougier and Francois Combarnous) provide their answers to the main questions raised in the book’s introduction. They then proceed to highlight two key aspects of the cross-country institutional discrepancies: the type of state intervention in socioeconomic governance and the role played by experimentation in shaping this type of socioeconomic governance. The policy implications of the book’s main results are then addressed, with special focus being put on institutional reforms in poor countries. Several policy-related proposals are then discussed, especially as regards institutional change and reforms in poor and middle-income countries: Should institutional reforms be coordinated or not? Are there successful “super-reformers” to be imitated by other countries? Is there still scope for individual experimentation? Finally, new horizons for research are suggested.