The state,writes Douglass North, trades a group of services, which we shall callprotection and justice, for revenue … thereforehave an incentive to hide revenues from the state, while differing in their ability todo so. Thus, the state will typically …

. Trade associations and firms emerged as the central actors driving industry development, with the state playing an … increasingly supporting role. This institutional arrangement represents a departure from the Indian state’s traditional approach to … development and the role of the state in other successful developmental models. A key reason why industry, rather than the state …

, the factors that led to the crisis in Rhode Island will be unveiled, and possible solutions to the state-specific problem …