Institutions for Development

Mustafa K. Mujeri () and Neaz Mujeri ()
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Mustafa K. Mujeri: Institute for Inclusive Finance & Development (InM)

Chapter Chapter 8 in Bangladesh at Fifty, 2020, pp 445-492 from Palgrave Macmillan

Abstract: Abstract The chapter deals with the challenging issues of developing institutions for development in Bangladesh. The analysis maintains that future development path of Bangladesh significantly depends upon the quality of its economic institutions. Since performance of economic institutions primarily reflects the nature of collective choices made by political institutions and distribution of political power, choice of Bangladesh’s future development would require an understanding of why political institutions create bad economic institutions and what instruments are available to create good political, and consequently good economic, institutions. Promoting democracy and accountability, and checks and balances, no doubt leads to better economic policies and institutions. For ensuring credible reforms in Bangladesh, institutional diagnostic tools may be used to identify weak institutional areas that restrict development, and indicate appropriate directions for reform.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-030-56791-0_8

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DOI: 10.1007/978-3-030-56791-0_8

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