Building a case for developing institutions and communities in South Asia based on the learnings from neo institutional economics

Abstract

This paper makes a case for modelling institutions in South Asia based on the visions of the founding fathers of our societies and claims we can move towards greater cooperation and communication in the region through such linkages and cooperation of institutions within the system. The paper works within the broad paradigm of institutional economics aimed to transforming South Asia through bias free (unbiased) quality institutions. Emerging from this perspective it is our contention that ethics and holistic institutional perspectives are in fact central to the understanding of economic outcomes in a societal context