Institution Building for Development: Lessons Learned and Tasks Ahead

C. Narayanasuwami

Asian Development Review (ADR), 1991, vol. 09, issue 02, 137-155

Abstract: It is now widely recognized that the availability of physical, technical and financial resources is not a sufficient condition for successful socioeconomic development. The strengths and weaknesses of institutions as well as behavioral factors play a significant role in determining the nature and pace of the development process. The link between project performance and institutional development has been increasingly evident in development projects financed solely by national governments or with assistance from bilateral and multilateral agencies. It has been generally noted that many failures in development projects are not only due to production or technological inadequacies but also to institutional deficiencies, largely because self-sustaining capacity to implement projects is not given due emphasis at the time of project formulation. Studies of rural development in Asia have confirmed that inadequacies in the institutional framework have hindered the effective implementation of rural development programs…

Date: 1991
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DOI: 10.1142/S0116110591000131

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