Prospects of Institutional and Policy Reform in India: Toward a Model of the Developmental State?

Joachim Ahrens

Asian Development Review (ADR), 1997, vol. 15, issue 01, 111-146

Abstract: India’s recently launched economic reforms will only be sustainable if they are accompanied by political reforms, which create the foundations of economic development. Establishing a Weberian-type bureaucracy adequately embedded in society will be useful, but not sufficient to enhance the incentive compatibility of public policies and economic performance. Due to the heterogeneity of the Indian economy and society, this institutional arrangement should be complemented by the concept of Participatory Market-Preserving Federalism, which combines the notion of embedded autonomy with the concept of Market-Preserving Federalism and the principle of subsidiarity. This induces a self-enforcing governance structure that reduces collective action problems, directly involves social groups and subnational governments into political decision making processes, and creates the political foundations of economic growth.

Date: 1997
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0116110597000055
Open Access

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:adrxxx:v:15:y:1997:i:01:n:s0116110597000055

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0116110597000055

Access Statistics for this article

Asian Development Review (ADR) is currently edited by Tetsushi Sonobe

More articles in Asian Development Review (ADR) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().