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This paper presents an assessment of the formulation of the illustrative goal “ensure good governance and effective institutions” put forward by the United Nations High Level Panel on the Post-2015 Development Agenda. It explores the significance of capacity of governance with reference to the experience of public policies and their implementation in India over the past decade. It also suggests that the post-2015 development framework could incorporate policy directions to encourage developing and less developed countries to pursue fiscal policies that would create enabling environments for good governance and effective institutions.

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