Robinson, James A. 2006. Equity, Institutions and the Development Process. Nordic Journal of Political Economy 32: 17-50.
Abstract:In this essay I argue that to develop institutions that promote economic development societies must be equitable in fundamental ways. I particularly emphasize how important an equitable distribution of political power in society is to have well functioning institutions that support market activities. I show these ideas are consistent with broad patterns in the cross-national data and country case studies.