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Effective Institutions as the Foundation of Development

  Oct 27, 2011
 

Dr. Robert Mudida, a senior lecturer at Strathmore Business School wrote a chapter on Effective Institutions as the Foundation of Development: A Conceptual and Empirical Discourse in a recently released book entitled Rethinking Integral Development in Africa. The book, published by Consolata Institute of Philosophy Press, is an international, interdisciplinary collection of essays on the philosophy of development and it attempts to provoke the reader to rethink what development means and how best to promote it.

Dr Mudida argues that development is a multi-dimensional concept encompassing ethical, economic, social and political dimensions. He continues to write that mainstream theoretical approaches in economics have focused excessively on the promotion of utilitarian aspects of development. A broader notion of development should carefully interrogate what a higher quality of life implies beyond material prosperity. Institutions both informal and formal are the center piece of development because development no matter how understood is profoundly affected by them. A central argument in the chapter is that effective institutions for development should strive to promote the common good.

He has published widely in his areas of research interest which include international economics, financial economics, institutional economics, the economics of development and the economics of conflict. He has authored and co-authored books entitled Modern Economics and Financial Management respectively.

Dr. Mudida is a senior lecturer at SBS and has considerable lecturing experience in the areas of economics, financial management, international finance and negotiations. He has published widely in his areas of research interest which include international economics, financial economics, institutional economics, the economics of development and the economics of conflict.



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