Governance of Commons for Sustaining Industrial Development in Gujarat, India

Abstract

"The Indian economy has emerged as one of the fastest growing economies in the world during 1990s. The economic liberalization initiated since 1991 has led to increasing globalization of the economy. During this period the average annual Industrial growth has been around average annual 8 percent. "In India, Gujarat being one of the leading industrialized states has seen growth of chemical, petroleum and related industries. Many of these industrial units have been inflicting social cost without internalizing the cost of pollution control. The policy framework and laws for controlling and regulating the industrial pollution does exit. However, due to the nature of economic, political and social institutions and various stake holders and their inter relationships the industrial units continue to utilize scarce common resources in an unsustainable manner and inflict social cost. There have been stray and limited cases of judicial intervention for correcting the ways of industrial production. "The paper attempts to study and analyze various issues involved relating to different stakeholders to argue for need for sustainable industrial development in the wake of globalization. This will be done through using a model for the analysis of common property problems of Ronald J. Oakerson Proceedings of the Conference on Common Property Resources Washington D.C., national Academy Press, 1986."