Institutionalism and its relations with developmentalism: past, present and future

ABSTRACT This research theoretically analyzes the role of institutions for organizational development based on developmental and institutional theory, emerging relevant questions, such as: What were the conceptual frameworks of institutional development? How did the institutions participate in the economic evolution? How does institutional development take place in Latin America? What is the developmental model for the future? However, it does not intend to defend political, social and/or economic ideologies, but to debate constructive issues for sustainable development. In this respect, the research reveals that passive policies of market operation and segmented public investment programs are not enough, but a strategic and cooperative action between Industry-Government-University in favor of sustainable development.