Abstract
Drawing from the rich insights from developments in the new institutional economics (NIE), we take the approach that there is nothing called optimality of market mechanism, organizations and institutions. We adopt comparative economic organization of adopting market and organizational and institutional choices in seeing economic activity through or accomplishing a specific policy objective over time or at any given time. We develop a simple conceptual framework and apply it to the Indian government’s adoption of digital technology and other direct methods in reducing multidimensional poverty over time of from 2011 to 2022. India is the first country in the world which adopted digital technology of Aadhar card in reducing abject poverty in a remarkable way. This can be a good example for other countries.
Date Received
March 22, 2026
Date Revised
October 16, 2026
Date Accepted
October 22, 2026
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Recommended Citation
Patibandla, Murali and Nidumolu, Radhika S.
(2024)
"Governance and Development : A Comparative Economic Organization Approach,"
Markets, Globalization & Development Review:
Vol. 11:
No.
1, Article 2.
Available at:
https://digitalcommons.uri.edu/mgdr/vol11/iss1/2
Included in
Asian Studies Commons, Development Studies Commons, Industrial Organization Commons, Marketing Commons, Other Business Commons, Political Economy Commons, Sociology Commons
Author Bio
Murali Patibandla is distinguished visiting professor at Paari School of Business SRM University Amravati India. Prior to this he was professor at the Indian Institute of Management Bangalore, associate professor at Copenhagen Business School and associate professor at the Indian Institute of Management Ahmedabad. He was Fulbright Post-doctoral Scholar at the University of California Berkely. His book “Evolution of Markets and Institutions: A Study of an Emerging Economy” was published by Routledge Taylor and Francis (hardback 2006 and is in print in paperback). His book “International Trade and Investment Behaviour of Firms” was published by the Oxford University Press (2020). He published influential academic articles in the leading international journals such as Markets Globalization & Development Review, Journal of Economic Behavior and Organization, the Journal of Development Studies, World Development, the Journal of Economic Surveys, International Journal of Management and Decision Making, the Journal of East-West Business and Economic and Political Weekly of India. He was awarded Lifetime Achievement Award for contribution to economics by the Venus International Foundation 2017 Chennai, India. His book of poems “A Garden with a Broken Fence” was published by Penguin, 2015.His books of poems I Forgot to Fly Kites and Songs of the Shores were published by Notion Press (2017 & 2018).
Radhika S. Nidomolu holds a PhD in Law & Economics from RTM Nagpur University and LLM in Coporate and Securities Laws from Acharya Nagarjuna University. She was a Gold Medalist during her Bachelor of Laws from Andhra University. She held academic positions at institutions such as Symbiosis Acharya Nagarjuna University and Indian School of Business(ISB) Hyderabad, Visiting Faculty, NALSAR University of Law, Hyderabad. She has presented research papers at various national and international conferences, with publications on topics such as Agency theory’s impact on firm performance and Role of FDI in economic development. She worked on research projects related to food security and rural -urban linkages for sustainable economic development funded by UGC and NABARD.