ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Ajeet N MathurSubscribe to Ajeet N Mathur

Search for Inclusive Growth amidst Exclusive Appropriations in Manipur

In its predominant preoccupation with corporates and businesses, the strategy literature neglects policies in the governance arena. Problems of market failures in the provisioning of private and public goods are known. Less discussed are Scitovskian "double market failures", where neither government nor market can create and sustain institutionalities for safe, secure and reliable transactions due to pecuniary externalities. The most problematic are situations where concern for inclusive growth coexists with exclusive appropriations over long periods and problems defy solutions, being neither cyclic nor structural. This paper cites evidence from precisely such a breakdown in Manipur to examine this third category of systemic failures which are "treble failures" characterising situations where a nexus of stakeholding contracts to underpin strategy is infeasible, fragile or highly vulnerable.
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