Governance Institutions & India’s Development
Published: 2009
Author(s) Name: Avinash Dixit
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Abstract
By economic governance is meant the
structure and functioning of those
legal and social institutions that are
essential for economic activity and
economic transactions to flourish.
They consist of protection of property
rights, enforcement of contracts, and
a variety of collective actions for
provision of infrastructure and include
not just the physical infrastructure of
transport, communication etc. but also
the organizational infrastructure by
which property rights and contracts
are managed. Collective action is
taken by the government for provision
of public goods. But collective action
for economic governance is also taken
via many other organizations or
institutions, such as NGO’s,
community organizations of various
kinds, and informal institutions of
social networks and social norms,
argues the paper.
Keywords : Economic governance, Development of India
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