Can Good Economics Ever Be Good Politics? Case Study of India's Power Sector

摘要: In recent years, the power sector in several developing countries has suffered from a frustrating gap between strong, pro-reform rhetoric at political level, and weak, hesitant implementation of reform measures on ground. Focusing experience India, this paper looks afresh problem “rhetoric-implementation gap” by taking lack will as its starting point, identifying ingredients that comprise it current context India. Assuming people institutions are not impartial but instead respond to economic incentives, explains how often reflects rational behavior. Using more realistic framework, examines informal relationships, interests govern behavior institutions, searches for openings opportunities reformers must pursue.