Читать книгу Institutions and Welfare in Colombia: a comparative analysis - Diego Gonzalez - Страница 2

Abstract

Based on different sources about institutions and welfare in Colombia, the association between the efficiency of the institutions, and the economic development are evaluated. Adding information from nations such as Chile and Venezuela, the comparison with countries with similarities in culture and economy is executed. In theory, the institutions’ strength is related to improvements in welfare. Considering this aspect, the situation of Colombia as a developing country is highlighted from a point of view, thus the recommendations on improvement of current institutional and welfare-related points at issue are worth mentioning. Positive relationships were found between the institutions and economy in most of the scenarios for each country assessed, however, exhibited negative and significant relationships to resources of commodities and economic development.

Table of Contents

List of Figures and Tables

List of abbreviations

1. Introduction

2. Theoretical Framework

2.1. Institutions

2.2. Welfare

2.2.1. Human Development Index (HDI)

2.2.2. Millennium development goals (MDG)

2.2.3. Happiness in an economy: Easterlin Paradox

2.3. Relationship of institutions and welfare

2.3.1. Influence of institutions on welfare

2.3.2. Industrialization theory on institutions

2.3.3. Modernization theory on institutions

2.3.4. Dutch Disease

3. Country profile: Latin America region

3.1. Colombia

3.2. Chile

3.3. Venezuela

4. Results

4.1. Data and statistics

4.2. Health: Life expectancy and infant mortality

4.3. Education: Expected and mean years of schooling

4.4. Economy: GNI and poverty

4.5. Basic Needs: Water and Electricity

4.6. Human Development Index: The representation of the quality of life

4.7. Strength of Institutions: Law and corruption

5. Recommendations

6. Conclusion and Discussion

References