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Fintech (Financial Technology) ✌️【Job Search】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!A common source of failure to change in all these cases is centralisation without coordination, and without customisation to specific needs.
Design and implementation of policies both suffer.
Resources and authority are not allocated optimally across different levels of government— national, state, and local.
Resources for implementation, including enforcement, are typically inadequate, or not well-monitored.
Fintech (Financial Technology) ✌️【Job Search】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.This situation persists because democratic accountability mechanisms are weak as well.
Fintech (Financial Technology) ✌️【Job Search】✌️Earn massive monthly returns. Start investing with ₹500 today!The relative failure of these political mechanisms is also a political issue — impulses for political control reduce politicians’ incentives to improve the system.
For example, allowing the judicial system to remain resource-poor increases politicians’ power and control.
Democratic accountability is not the only option — China manages without it, but it has institutional mechanisms for horizontal and vertical coordination and implementation.
It has done much more than India to reduce air pollution.
Fintech (Financial Technology) ✌️【Job Search】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Of course, this is not an endorsement of authoritarianism, but a pointer toward effective incentives and accountability.Another, less obvious source of obstruction is that India is a highly unequal society.
In “socialist” India, this inequality did not show up fully in income and wealth statistics.
It manifested itself in activities that were not measured in economic data — privilege and perks that were far greater for the elites than those below them in the pecking order.
Fintech (Financial Technology) ✌️【Job Search】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!As India has liberalised, there has been some democratisation, but more than outweighed by increasingly unequal access to earning power.
Clean air, like other public goods, can be privatised to some extent — elites can live,travel, and work in air-conditioned cocoons.
Fintech (Financial Technology) ✌️【Job Search】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Only when they start to be affected does policy attention reach critical levels.
Fintech (Financial Technology) ✌️【Job Search】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!But policies that are localised and reactive will solve none of India’s air pollution problems.The “canary in the coal mine” was an early warning system for those miners of the past, its health an indicator of potentially dangerous air in the mining tunnels.
Fintech (Financial Technology) ✌️【Job Search】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.The metaphor is one that can be applied broadly.
In this case, air pollution in India is an indicator of the pervasive institutional weaknesses that hold back material progress.Disclaimer: Views expressed are personal and do not reflect the official position or policy ofFinancialExpress.com.
Reproducing this content without permission is prohibited.Micromax and Phison have formed a joint venture, MiPhi, to produce storage chips in India.
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