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    This document discusses institutions and their role in society. It defines institutions as the "rules" that enable orderly society, such as language, currency, laws, and more. Institutions help individuals know how to behave in different situations. They are critical for establishing trust in society, as people rely on institutions like banks, air travel, and more. Many institutions evolved without conscious design and interrelate in complex networks. Bringing about social change requires focusing both on individuals and social structures, as change is a dynamic interaction between them.

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    2 ND

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    Jhon Mark Sarmiento
    21 views2 pages
    This document discusses institutions and their role in society. It defines institutions as the "rules" that enable orderly society, such as language, currency, laws, and more. Institutions help individuals know how to behave in different situations. They are critical for establishing trust in society, as people rely on institutions like banks, air travel, and more. Many institutions evolved without conscious design and interrelate in complex networks. Bringing about social change requires focusing both on individuals and social structures, as change is a dynamic interaction between them.

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    This document discusses institutions and their role in society. It defines institutions as the "rules" that enable orderly society, such as language, currency, laws, and more. Institutions help individuals know how to behave in different situations. They are critical for establishing trust in society, as people rely on institutions like banks, air travel, and more. Many institutions evolved without conscious design and interrelate in complex networks. Bringing about social change requires focusing both on individuals and social structures, as change is a dynamic interaction between them.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views2 pages

    2 ND

    Uploaded by

    Jhon Mark Sarmiento
    This document discusses institutions and their role in society. It defines institutions as the "rules" that enable orderly society, such as language, currency, laws, and more. Institutions help individuals know how to behave in different situations. They are critical for establishing trust in society, as people rely on institutions like banks, air travel, and more. Many institutions evolved without conscious design and interrelate in complex networks. Bringing about social change requires focusing both on individuals and social structures, as change is a dynamic interaction between them.

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    © All Rights Reserved
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    of 2

    Republic of the Philippines

    BICOL UNIVERSITY
    Gubat Campus
    Gubat, Sorsogon
    AY 2021-2022, 1st semester

    Name___JHON MARK D. SARMIENTO____

    Market institutions are not the only challenge. Responding to all the current issues, such as climate change,
    social injustice or declining resources, requires an unprecedented depth, scale and pace of institutional
    innovation. Society is struggling to cope with the negative side effects of industrialization and globalization.
    Humanity’s capacity for rapid technological innovation has far outstripped its capacity for institutional
    innovation, with potentially catastrophic consequences.

    Over the last decade, the concepts of ‘institutions’ and ‘institutional development’ have become
    heavily embedded in the language of aid. Current development themes, such as markets that work
    for the poor, good governance and rights-based approaches, demand a strong emphasis on
    institutions. Yet there is confusion about how to define these concepts and how to translate them
    into practical methods for analysis. There are also many challenging questions about how
    institutions evolve and to what extent they can be purposefully designed or changed.Nevertheless,
    the well-being of people and the environment hinges on finding new ways to transform institutions
    to cope with the challenges created by technolog-focused development. Interactive forms of
    society-wide learning need to be evolutionary rather than linear, and must be founded on a solid
    understanding of the institutional complexity of social systems. These ideas have major
    implications for the goals, processes and mechanisms of aid. Broadly speaking, institutions can be
    understood as the ‘rules’ that make ordered society possible, such as language, currency,
    marriage, property rights, taxation, education and laws. Institutions help individuals know how to
    behave in a given situation, such as when driving in traffic, bargaining at a market or attending a
    wedding.

    Institutions are critical for establishing trust in society. We put our money in a bank because we
    trust that all the institutions of the financial system will protect it. We board an airplane because we
    trust the institutions related to air traffic control and the monitoring of aircraft maintenance to keep
    us safe. By definition, institutions are the more stable and permanent aspects of human systems. Some
    institutions, once developed, lock societies into a particular path of development. For example, the simple
    convention of which side of the road to drive on is very hard to imagine changing once it has been
    established.

    Many institutions have evolved without much conscious design, and they interrelate with each other
    in a complex network. The rules of language make it possible for laws to be established, and these
    laws are then upheld by courts and policing systems. People obey laws because of a whole system
    of societal beliefs, values and norms. Our lives are embedded in this highly complex web of social
    institutions, and we take many of them for granted, not questioning their origin or the underlying
    assumptions and beliefs on which they are based.

    Does bringing about social change require focusing on the individual – following the maxim of ‘think
    globally, act locally’ – or on social structures? Change is a complex dynamic of social structure and
    individual action. Institutions essentially create incentives, both positive and negative, for
    individuals and groups to act in particular ways

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