Chapter

Better Development Through Better Policy?

Clark C. Gibson

in The Samaritan's Dilemma

Published in print September 2005 | ISBN: 9780199278855
Published online October 2005 | e-ISBN: 9780191602863 | DOI: http://dx.doi.org/10.1093/0199278857.003.0003
 Better Development Through Better Policy?

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This chapter explores the obstacles and possibilities for development at the collective-choice level, and discusses the difficulties most likely to thwart efforts to solve collective-action situations in recipient countries, including how the reality of weak, bad, or missing institutions hampers development efforts. It unpacks the challenges arising at the collective-choice level by emphasizing the problems of information and motivation. Questions are posed about development aid in an effort to improve its design and outcome.

Keywords: collective choice; public goods; rent-seeking; corruption; asymmetric information; impossibility theorem

Chapter.  6007 words. 

Subjects: Economic Development and Growth

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