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Showing posts from January, 2009

Regulatory Regime and Infrastructure Development

In the Indian context a fad word or phrase has all takers, academicians, politicians, bureaucrats, and the layman in the common mass. In recent times regulatory nuisance has become nonsense..., somebody says scrap it, others say have more and more regulatory frameworks in India because only such frameworks are going to free India from regressive bureaucratic control. One of the recent fad phrases has been "regulation and infrastructure development" and people believe religiously that ideal (debatable) regulatory framework creates infrastructure for the economy. Some available literatures need appreciation on this context:
www.uneca.org/adfiii/docs/ri_infrastructure_dev.pdf
www.adb.org/Media/Articles/2006/10895-Indonesia-infrastructure
www.hindu.com/2007/03/19/stories/2007031900421600.htm
www.cuts-international.org/RptRegFrmwork140105.htm

All said and done; is it correct to say that a regulatory framework per se leads to infrastructure creation and development. Furthermore Moha…