Subject(s): Post-communism - -- Economic development -- Corporate governance -- Economic history. -- Industrial policy -- Post-communism. -- Market, state, and economic development -- Economic development, policy reform and interaction between economy and polity, state v/s market debate, research strategy -- Policy reform, institutions and economic performance -- Washinton consensus and its limits, new political economy to new institutional economics -- New political economy - rational politics, irrational economics, critique of NPE- positive economics, negative politics -- New institutional economics : definition and classification of institutions, assumptions, axioms and terminology of NIE, functions of institutions, intentional design of institutions and political steering of social processes -- Institutional change and economic performance : Naive model, supply of institutions- collective-action problems and government, political economy, institutions and adaptive efficiency, politico-institutional foundation of policy reform -- Governance- theory and practice : Governance and economic performance - conceptual considerations -- Dimensions of effective governance, improving quality of policy making through institution,state strength, administrative capability and credibility, key economic institutions, informal institutions, market enhancing governance structure -- Governance in practice- evidence from less developed countries and economies in transition : Institutions matter- empirical evidence, institutional foundation of developmental states, political economy of policy reform- HPAEs, governance and economic performance after Asian crisis, governance and systemic transformation, rethinking effective governance- politico-institutional structures and economic development in comparative perspective