The Complementary Roots of Growth and Development: Comparative Analysis of the United States, South Korea, and Turkey, (Hardcover)

Systemic governance and institutional diffusion are explained on the basis of 'institutional complementarities'The USA case illustrates how systemic governance of a 'market-led model' first succeeded but then evolved into an an institutional trap, between efficiency and inequity, as a result of an enduring process of institutional diffusionThe South Korean case illustrates how systemic governance of a 'state-led model' first succeeded and then evolved into institutional diffusionThe Turkish case illustrates how the lack of an established systemic governance regime and the existence of enduring institutional diffusion drove the country into a long-run institutional drift between 'state-led' and 'market-led' routes and finally caused a system-wide institutional trap