Property rights and elites

Arbeitspapier

An elite derives its status from its relationship to property, whether physical or human capital. While stable property rights are necessary for everyday business, unstable property rights that result in major institutional changes (such as land reform) may have a positive impact on economic development. When are the 'wrong' property rights right? Institutional changes have a positive impact on economic development when a country's elite can manage them. To support this generalization we examine the managerial capacity associated with elite status, highlighting which capabilities enable them to control changes in property rights regimes to their individual and national advantage. We compare how nationalization of foreign firms, a radical change in property rights, was managed in Argentina, China, Korea and Taiwan after the Second World War.

Object Details

• ISBN: 978-92-9230-347-1
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIDER Working Paper ; No. 2010/109

Classification and Topics

• Classification: Wirtschaft
• Subject: Elites ; property rights ; indigensim ; capabilities ; role models ; Eigentumsrecht ; Elite ; Entwicklung ; Institutioneller Wandel

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Amsden, Alice H.
• Event: Veröffentlichung
• (who): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (where): Helsinki
• (when): 2010

Further information

• Handle: http://hdl.handle.net/10419/54052
• Last update: 10.03.2025, 11:42 AM CET