Every intervention, like Alphabet's moonshots, hopes for a Namibian outcome (as cited, with Nigerian judges) and that hope is what sustains the 'powerful justification' as you put it. The other side of it is that, without these interventions, these developing countries are hardly taking the bull by the horns. Where they have, as with the fintech space in Nigeria, there have been major upsurges in productivity and enough private sector involvement to keep government small and relatively honest. So we know it is possible. But mostly, there isn't the will. And the main actors in the development game are not lacking in that department.
Spot on. And till he died, Douglass North, the Nobel Prize winner in economics who seminally propounded institutional theory as the foundation for sound economic performance, continued to protest that when he said "institutions," he didn't mean regulatory agencies and the like but those constraints, checks and balances, often invisible, that prevented excess and waywardness ("anyhowness"). But development and government practitioners all over the world hijacked his theory and formulated it as justification for more regulatory agencies and more government bodies!
Every intervention, like Alphabet's moonshots, hopes for a Namibian outcome (as cited, with Nigerian judges) and that hope is what sustains the 'powerful justification' as you put it. The other side of it is that, without these interventions, these developing countries are hardly taking the bull by the horns. Where they have, as with the fintech space in Nigeria, there have been major upsurges in productivity and enough private sector involvement to keep government small and relatively honest. So we know it is possible. But mostly, there isn't the will. And the main actors in the development game are not lacking in that department.
Spot on. And till he died, Douglass North, the Nobel Prize winner in economics who seminally propounded institutional theory as the foundation for sound economic performance, continued to protest that when he said "institutions," he didn't mean regulatory agencies and the like but those constraints, checks and balances, often invisible, that prevented excess and waywardness ("anyhowness"). But development and government practitioners all over the world hijacked his theory and formulated it as justification for more regulatory agencies and more government bodies!
The most terrifying words in the English language are: I'm from the government and I'm here to help ~ Ronald Reagan