The Village Fund Program: A Challenge to Self-Governance
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Abstract
A large amount of money has been allocated to the Village and Urban Community Fund Program (The Village Fund Program) in Thailand. Justification of the program has to be made and more analyses of this village institution should be done so that improvement can be made. Financial institutions are important tools in development but the more professional ones will last longer. Understanding the relationships among the variables that determine the success is necessary in the improvement of such funds, as it helps us understand the self-governance factors and system of each institution as well as the institutional design that can be developed suitably. Credit, as a resource, is limited. The major rules concern the payment of the money borrowed and the participants’ strategies involve the decision to pay or not to pay. Understanding the Institutional Analysis and Development (IAD) contributes to the institutional design for the outcomes desired. If the outcomes are expected to be sustainable, the institutional design has to direct people to discipline, professionalism and self-governance development concerning the use of funds.
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Lancaster, J. (2014). The Village Fund Program: A Challenge to Self-Governance. AU-GSB E-JOURNAL, 6(1). Retrieved from https://assumptionjournal.au.edu/index.php/AU-GSB/article/view/458
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