ADEM Y ARSLAN GOV633 SESSION 10 Weekly Readings Summary Title of Assignment: Session 10- Commentary and Question Student Name; Adem Y Arslan Course Number and Name; GOV633 – Politics and Development Aid Professor; Dr. Randolp Adams Submission Date; 10/31/2016 CHAPTER 6 (P,152-181) In this chapter, the authors focus on the historical development of institutions in different parts of the world and explain why they evolved in different ways. At first, they explain how Venice developed financially. Then, the authors analyze how the power elite ruined economic and political institutions, which led to a …show more content…
The authors provide an overview of the relationship between open financial structures and inclusive political system. As political space becoming more open, other institutions such as criminal justice system have gradually developed. The authors also point out the dangers of bureaucratization. The Venice Council pursued policies that made political institutions more extractive, and as an outcome, provide a basis for extractive economic institutions to emerge. For example, the Council banned the use of Commenda contract, which one of the great institutional innovations that had made Venice rich. When the political and economic institutions became more extractive, the city began to experience economic decline. Similarly, as in Venice, Roman political institutions had pluralistic elements. The Plebeians formed their own assembly, which could elect the plebeian tribunes—a governing body having the power to veto actions by the magistrates, calling the Plebeian Assembly, and proposing legislation. Their political and legal protection created economic opportunities for citizens and helped to develop inclusive economic …show more content…
The long period between the Neolithic Revolution started in 9500 BC, and the British Industrial Revolution of the late eighteenth century is “littered with spurts of economic growth.” Behind these spurts were institutional innovations, which ultimately faltered in the long run. In ancient Rome, the institutions of the Republic created some degree of economic vitality and allowed for the construction of a massive empire—unraveled after the coup of Julius Caesar and the construction of the empire under Augustus. It took centuries for the Roman Empire finally to vanish. The authors especially highlight that once the relatively inclusive republican institutions gave way to the most extractive institutions of the empire, economic regress became all but