POSC311 Lecture Notes - Lecture 19: Red Tape
9 May 2016
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Scott says that the west put in stuff and restructure that not really works: the west is putting place policies that are seen as correct . Just because correct does not mean it is the best for the people. The correct way of running a state or economy or etc. Stuff outside of correct are seen as illegal since they cannot be read by the state: such as old practices. Don"t necessarily go away, state just doesn"t value them. Common across the developing world: cannot measure activity easily. Economic institutions: set of rules or organization that structure human decision about how to allocate resources: types: Places that are not regulated economically: blank market, being paid under the table, side-walk vendors, etc, may be explicitly legal or can be extra-legal . Define: how a society organizes the ownership and exchange of major economic assets.
