Developmental Dilemmas, Power, and Institutional Entrepreneurship: A lens for Policy Analysis

Speaker
Prof William Ferguson (Grinnell College, USA)
Event date
Event time
14:00 - 15:00
Venue
Institute for New Economic Thinking (in-person and online)
Manor Road Building
Manor Road
Oxford
OX1 3UQ
Venue details

Seminar Room G

Event type
Lectures and seminars
Event cost
Free
Disabled access?
Yes
Booking required
Required

Why do well-meaning developmental policies so often fail? Consider the recent collapse of the well-constructed peace agreement between the Colombian government and FARC guerillas. Likewise, privatizing former Soviet assets in Russia engendered authoritarian kleptocracy. In such cases, self-interested activity of powerful agents undermines policy initiatives. Alas, achieving inclusive development entails resolving dense collective-action problems of forging cooperation among agents with disparate resources, interests and understandings. Resolution requires functional configurations of inclusive informal and formal institutions. Yet, powerful actors shape institutional evolution in their favour—because they can. How to proceed?

In this seminar, I will outline elements of a conceptual framework for policy-relevant inquiry into such dilemmas. I will open with background for systematically conceptualizing power, social dilemmas and four types of agency: leadership, following, brokerage and institutional entrepreneurship. I will focus on the latter. Institutional entrepreneurs invest resources into discovering narratives and actions in efforts to influence the political-economic and normative understandings that underlie strategic interactions. Such interactions influence trajectories of institutional evolution. By extension they condition prospects for resolving developmental dilemmas. Moreover, these dynamics operate within specific social contexts that are framed by identifiable distinctions in configurations of power. Policymakers beware.

This systematic approach to power and agency facilitates inquiry into the roots and consequences of context-specific developmental dilemmas. As such, it offers conceptual foundation for developmental policy inquiry and analysis.