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Introduction -- The conceptual framework -- Initial conditions and policy reforms -- Direction of structural changes -- Competitive dynamics -- Technological change -- Organizational change -- Evolution of public and private order institutions -- Conclusion.
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Corruption is a major political and economic issue in India. The stakes, value, frequency, and costs of corruption have become exceptionally high in the history of modern India. This is partly because some of the tenets of free market mechanism are implemented in the absence of underlying...
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