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GOVERNANCE, INSTITUTION BUILDING AND ECONOMIC PROSPERITY

GOVERNANCE, INSTITUTION BUILDING AND ECONOMIC PROSPERITY. W.A. Wijewardena. KEY WORDS. GOVERNANCE WAY OF LIFE SELF DISCIPLINE HELPS OVERCOME CONFLICTING PRIVATE INTERESTS WAY TO MUTUAL BENEFIT. MORE SUITED TO THOSE WITH POWER. DIALOGUE BEWEEN ALEXANDER THE GREAT AND SAGE DANDAMIS

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GOVERNANCE, INSTITUTION BUILDING AND ECONOMIC PROSPERITY

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  1. GOVERNANCE, INSTITUTION BUILDING AND ECONOMIC PROSPERITY W.A. Wijewardena

  2. KEY WORDS • GOVERNANCE • WAY OF LIFE • SELF DISCIPLINE • HELPS OVERCOME CONFLICTING PRIVATE INTERESTS • WAY TO MUTUAL BENEFIT

  3. MORE SUITED TO THOSE WITH POWER DIALOGUE BEWEEN ALEXANDER THE GREAT AND SAGE DANDAMIS ALEXANDER: ‘HOW CAN ONE MAKE ONSELF LOVED AND RESPECTED?’ DANDAMIS: ‘IF YOU HAVE ENORMOUS POWERS, BUT DO NOT INSTIL FEAR IN OTHERS, YOU ARE LOVED AND RESPECTED’

  4. HOW WE RELATE OURSELVES TO OTHERS? BUDDHA’S PRESCRIPTION ‘IF YOU DO NOT WISH TO BE TREATED IN A CERTAIN WAY, DO NOT TREAT OTHERS IN THE SAME WAY’

  5. WHAT LESSONS? • WE DO NOT WISH TO BE • UNFAIRLY TREATED • ROBBED • HARMED AND ABUSED • DENIED OF OPPORTUNITIES • DEPRIVED OF FREEDOM

  6. GOVERNANCE IS MORE AN INNATE CULTURE • HOW TO DEVELOP THE INNATE CULTURE? • SELF DISCIPLINE • SELF INQUIRY • SELF RESTRAINT • SELF REALISATION

  7. BUDDHA’S PRESCRIPTION NOBLE EIGHT-FOLD PATH RIGHT VIEW RIGHT CONCEPTION RIGHT SPEECH RIGHT EFFORTS

  8. NOBLE EIGHT-FOLD PATH RIGHT LIVELIHOOD RIGHT BEHAVIOUR RIGHT MINDFULNESS RIGHT CONCENTRATION

  9. WHEN INNATE CULTURE FAILS • BATTLE BETWEEN SELF INTEREST AND SELF DISCIPLINE • ROLE OF SOCIAL INSTITUTIONS • NAMING, SHAMING AND PENAL ACTION

  10. INSTITUTION BUILDING • DETERRENTS TO EXTREME SELF INTERESTS • LAW AND ORDER AND RULE OF LAW • RIGHTEOUSNESS AND TRANSPARENCY

  11. INSTITUTION BUILDING • PROTECTION OF PROPERTY RIGHTS • CHECKS AND BALANCES FOR ABUSE OF POWERS • PENALTIES FOR VIOLATIONS • BRIBERY AND CORRUPTION

  12. BRIBERY AND CORRUPTION KAUTILYA’S OBSERVATION ‘IT IS IMPOSSIBLE NOT TO TASTE HONEY OR POISON AT THE TIP OF ONE’S TONGUE. SO IT IS IMPOSSIBLE FOR ONE DEALING WITH PUBLIC FUNDS NOT TO TASTE A LITTLE BIT’

  13. BRIBERY AND CORRUPTION KAUTILYA’S OBSERVATION ‘IT IS IMPOSSIBLE TO KNOW WHEN A FISH IN WATER IS DRINKING IT. SO, IT IS IMPOSSIBLE TO FIND OUT WHEN PUBLIC SERVANTS MISAPPROPRIATE MONEY’

  14. COMMON PRESCRIPTION HAVE A SMALL GOVERNMENT

  15. ECONOMIC PROSPERITY DEPENDS ON • GOVERNANCE PRINCIPLES FOLLOWED • ESTABLISHMENT OF PROPER INSTITUTIONS • SAFEGUARDING RULE OF LAW

  16. ECONOMICS OF COERCION • SHORT LIVED AND CANNOT SUSTAIN ITSELF • HITLER’S ECONOMICS OF WAR MAKING • FREE THINKING IS THE SOURCE OF INNOVATION AND DISCOVERY

  17. AMARTYA K SEN ON A TOLERANT SOCIETY “IT WAS INDEED A BUDDHIST EMPEROR OF INDIA, ASHOKA, WHO IN THE THIRD CENTURY BCE, NOT ONLY OUTLINED THE NEED FOR TOLERATION AND THE RICHNESS OF HETERODOXY, BUT ALSO LAID DOWN….

  18. AMARTYA K SEN ON A TOLERANT SOCIETY ….WHAT ARE PERHAPS THE OLDEST RULES FOR CONDUCTING DEBATES AND DISPUTATIONS, WITH THE OPPONENTS BEING ‘DULY HONOURED IN EVERY WAY ON ALL OCCASIONS’. ARGUMENTATIVE INDIAN, (2005) PAGES xii - xiii

  19. THE END

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