Template-Type: ReDIF-Paper 1.0 Author-Name:Konstantin Yanovskiy Author-Name-First: Konstantin Author-Name-Last: Yanovskiy Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name:Sergey Zhavoronkov Author-Name-First: Sergey Author-Name-Last: Zhavoronkov Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name:Ilia Zatcovetsky Author-Name-First: Ilia Author-Name-Last: Zatcovetsky Author-Workplace-Name: Samuel Neaman Institute for Advanced Studies in Science and Technology Author-Name:Vladimir Lisin Author-Name-First: Vladimir Author-Name-Last: Lisin Author-Workplace-Name: Chairman of the board of directors of Novolipetsk Steel Company Author-Name:Dmitry Cherny Author-Name-First: Dmitry Author-Name-Last: Cherny Author-Workplace-Name: Ministry of Economic Development of the Russian Federation Department for Innovative Development Author-Name:Sergey Shulgin Author-Name-First: Sergey Author-Name-Last: Shulgin Author-Workplace-Name: The Russian Presidential Academy of National Economy and Public Administration (RANEPA) Title: Institutional Constraints on Modern Economic Growth Abstract: How to import modern Western Institutions to suppress economic growth in underdeveloped countries? Russian experience and some warnings for newcoming reformers The monograph «Institutional Constraints on Modern Economic Growth" deals with the most dangerous obstacles standing in the way of long term economic growth. Some of these obstacles have been studied extensively, while others are well known but have been largely forgotten over time; finally, there are some that for various reasons are normally ignored. "I believe that the United States today is not an appropriate model for Mexico or other low-income countries…. There have been no summits about how you privatize governmental activities. You have seen summits about how to raise taxes, about spending more of the taxpayers' money, about how to impose more controls on the people. That is the sense in which I say, take as your model the U.S. in its first 150 years. We can afford our nonsense now because we had so long a period during which to build a base. You can't." wrote Milton Friedman[1] in 1994. The book contains specification of the principal cases of "nonsense". The authors are searching for historic records of "damaged" institutions their roots and causes of the damages, tracking them to universal suffrage rising and to the earlier, pre-capitalist institutions, so that to develop the policy advice for new democracies how to escape all these traps. Length: 38 pages Creation-Date: 2015 Revision-Date: 2015 Classification-JEL: D72, D73, H41, N40, P16, P51 Keywords: private property safeguards, import of institutions; Economic Growth; Government failures; political institutions File-URL: https://www.iep.ru/files/RePEc/gai/wpaper/0112Yanovskiy.pdf File-Format: Application/pdf File-Function: Revised version, 2015 Handle: RePEc:gai:wpaper:0112