Tag Archives: boundaries

Refresher: why institutions matter for economic development

Prompted by some work for a client I dived back into the literature on institutions this week. It was a fascinating journey and I have discovered some other the things I have known before and confirmed many of my suspicions with the project at hand. Indeed, the reading confirmed my view that most market systems development projects pay too little attention to the institutions in a country, given their massive importance in shaping economic development. There is too much focus on finding solutions to fixing problems in the short term.

What I found fascinating while reading is that the insights from the theories on institutions and on complex systems actually overlap really neatly, with maybe slightly different ways of approaching change but in a coherent and complementary way.

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What does ‘systemic’ actually mean?

“We need more systemic approaches!” This claim has gained some traction in the development world. Everybody is talking about how to make development approaches more ‘systemic’. A quick internet research reveals quite a number of results related to development organizations: USAID, USAID, CGAP, GIZGIZ, GIZ, and SDC. Continue reading