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Abstract
Economic, social, political, and cultural institutions, and institutional change reflect shared journeys of humanity throughout history. This edited volume explores dynamics, trends, and implications of institutional change in emerging markets, by focusing on theories, concepts, and mechanisms of institutional development. Presenting research by eminent scholars and experts engaged in education and research, they address and discuss the most recent issues in the field, reveals new insights into the dynamics of institutional change for researchers interested in development of new theories and comparative studies, especially in the era of emerging markets. Topics range from dynamics of institutional change and development within the Group of Twenty (G20), and the European Union with an assessment of Brexit impact, to institutional quality measurement, public administration reforms, as well as emergent topics such as the effects of energy and globalization. It provides new international business theories, and sheds light on the way to global peace by producing a better understanding of the dynamics of historical change. The book is intended for a wide range of global audience, and should serve as a useful reference in education and research, offering innovative and productive discussions, as well as satisfy scholarly and intellectual interests, regarding institutional development and a broad spectrum of its interactions with functioning of markets and economies.
1. Introduction -- 2. Dynamics of Institutional Change within the Group of Twenty (G20) and the European Union, and an Assessment of Brexit Impact: A Taxonomic Study -- 3. Overview of Institutional Change Contexts and Dynamics -- 4. Institutions and Institutional Change: Concepts and Theories -- 5. Understanding Institutions and Revisiting the Theories of Institutional Change -- 6. Measuring Institutional Quality: A Review -- 7. Institutional Change: Evidence from Some Emerging Economies -- 8. Social Media: Harbinger of Institutional Change and its Impact on Branding -- 9. Does Globalization Have a Similar Effect on Governance for All Countries in the World? -- 10. Public Administration Reforms in the Emerging Markets Era -- 11. Exploring the Emergence of Industrial Revolution 4.0: A journey to Higher Education 4.0 -- 12. De Jure and De Facto Power of Oil and Institutional Change in Modern Iran: A Critical Historicism Analysis (1900-1979) -- 13. Examining Institutional Barriers to Transition from a Natural State in Iran During 1941-1979 -- 14. Does Energy Security Affect Institutional Quality? Empirical Evidence from Emerging Economies. .
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Intro -- Acknowledgements -- Contents -- Contributors -- List of Figures -- List of Tables -- An Introduction to Dynamics of Institutional Change in Emerging Markets: Theories, Concepts, and Mechanisms -- References -- Part I: Concepts, Theories, and Dynamism of Institutional Change -- Dynamics of Institutional Change Within the Group of Twenty (G20) and the European Union, and an Assessment of Brexit Impact: A Taxonomic Study -- 1 Introduction -- 2 Methodology -- 3 Computational Procedure -- 3.1 Step 1: Formation of Data Matrix -- 3.2 Step 2: Forming the Standard Matrix -- 3.3 Step 3: Computation of Compound Distance Matrices -- 3.4 -- 3.5 Step 5: Depiction of Optimal Chart -- 3.6 Step 6: Results (Ranking of Economies in Terms of Institutional Development) -- 3.7 Step 7: More Results (Computation of the "Institutional Development Degrees") -- 4 Dynamics of Institutional Change Within the Studied Groups -- 5 Conclusion -- References -- Overview of Institutional Change Contexts and Dynamics -- 1 Introduction -- 2 Institutional Change Theory Perspectives -- 2.1 Deinstitutionalization -- 2.2 Hierarchies of Rules Theory -- 2.3 Evolutionary Theories of Institutional Change -- 2.4 The "Equilibrium View" of Institutions -- 3 Institutional Change Behavioral Framework -- 3.1 Public Policy and Institutional Change Uncertainty -- 3.2 Foreign Aids -- 3.3 Access to Information and Knowledge -- 3.4 Conflicts and Competing Interests -- 3.5 International Trade -- 3.6 Population -- 3.7 Change in Government and Public Policies -- 3.8 Economic Shocks and Innovation -- 4 Conclusion -- References -- Institutions and Institutional Change: Concepts and Theories -- 1 Introduction -- 2 Institution -- 2.1 The Concept of Institution -- 2.2 Types of Institutions -- 2.3 Institutional Environment -- 3 Institutional Change -- 3.1 Is Institutional Change Possible?.
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