Tradition and innovation: The dual nature of institutional thinking and its implications for modern governance

Kwangseon Hwang

doi:10.24294/jipd.v8i11.7106

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Tradition and innovation: The dual nature of institutional thinking and its implications for modern governance

Kwangseon Hwang

Journal of Infrastructure Policy and Development 2024, 8(11); https://doi.org/10.24294/jipd.v8i11.7106

Submitted：12 Jun 2024

Accepted：04 Jul 2024

Published：22 Oct 2024

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Abstract

Institutional thinking, a concept that underscores the importance of internal perspectives and the enduring purposes of institutions, plays a critical role in maintaining societal stability and ethical governance. This paper explores the dual nature of institutional thinking, highlighting its positive aspects and inherent dangers. Through an examination of economic, political, and philosophical forces, the paper identifies modern challenges that undermine long-term commitments and ethical values within institutions. By drawing on historical and contemporary examples, including slavery, Nazism, and discriminatory practices, the discussion provides a comprehensive understanding of how institutional thinking can both promote human well-being and perpetuate systemic issues. The paper concludes by emphasizing the need to reaffirm institutional values, promote long-term thinking, and balance individual rights with collective responsibilities to harness the positive aspects of institutional thinking while mitigating its risks.

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