The book is based on two recently published books by Kartik Roy.
Governance Institutions and Economic Development: Emerging China,
India, East Asia presented an in-depth analysis of the reasons for
successes and failures of these nations developmental efforts.
Economic, Environmental and Political Governance in China, Japan,
India, Brazil, Korea, Indonesia, Thailand, Malaysia, Singapore and
Vietnam brought acknowledged the urgency of the need for countries
political leaders to follow the teachings of Kautilya, Confucius,
Ibn Khaldun, Karl Marx and Mahatma Gandhi and to make serious
efforts to implement those lessons in practice. It is worth noting
here Mancur Olsons famous remarks that economic decisions are
unlikely to be taken in the collective interest of individuals due
to bargaining costs and the problem of free riders, unless they are
members of small groups. Such a coalition of self-interest
individuals is likely to try to redistribute income towards itself
instead of working to raise efficiency and national income for the
full benefit of the entire population and country. Hence, the
authors feel that it is more likely that in all democracies rather
than in autocracies, members of the ministry will form Olsons
coalition of self-interest fulfilling persons who are
semi-literate, have rarely been engaged in any income earning
activity, and who are adept at taking recourse to dishonest means
to fill up their pockets, as well as to attain glory, and who have
no knowledge of the teachings of Kautilya, Confucius, Khaldun,
Marx, Gandhi and other great men of the past. Likewise, they will
have no interest in their implementation on practice. In this book,
the authors have made an effort to create a synergy between the
theory and practice in economic development.
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