Instituciones, crecimiento económico y transparencia

Abstract

When the institutional social system is not able to adapt itself to new times and to change into new political and economic ways, it loses credibility and efficiency. The constitutional system in a community is as important as its changing dynamics. When society must change, all agreements are the result of expensive trading for all social groups and for all policies.  Only  with  minimal  transactional  costs  are  agreements  good  for  all  and  they achieve efficiency. Rules are wider than a mere trading pact. They make     the trading relationships possible or not. The State, as a consequence of social agreement, is in need for limits, either constitutional or not, so that Governments are under the empire of law. These limits can be a guarantee for budgets stability. Politically speaking, transparency makes institutional changes easier, particularly, constitutional changes. Transparency will allow economic institutions and agents to evolve into bigger efficiency and into economic growth. The same will do technological changes.   Both technological and institutional changes help each other in the sense that technological changes open way to changes in the social leather. Even with the same institutions and laws, two countries would have different efficiencies. The reason will probably be the different way the behaviour rules are exerted. The social efficiency lies upon the way society displays its possibilities of institutional change and its continuous shaping according to new scénarios. Unbalancing political and economic trading may be reflecting the lack of either freedom or justice and, finally, institutional gaps.