“There is a water crisis today. But the crisis is not about having too little water to satisfy our needs. It is a crisis of managing water badly – such that billions of people and the environment suffer.” (World Water Vision 2000).The management of water resources is becoming increasingly...

There has been substantial focus on water resource development in India, but with emphasis mainly on the technical side. Development of institutions to manage the interactions and arrangements necessary has received little attention. The study uses the new institutional economics framework and...

Purpose – The aim of this paper is to provide a critical evaluation of the potential of new institutional economics (NIE) in third world development. Design/methodology/approach – The paper reviews various theories under NIE from both conceptual and empirical perspectives. It then reviews...