You are completely right that the legal framework... --- ...is crucial. But my first task in this course is to focus on the PRACTICE of eco dip. Example: Exports depend on shipments, and delays at the port carry not just the added cost to business, but the danger that the 'transaction' cost will become too high, and foreign partners will shift elsewhere....One reason India has not been so prominent in 'Supply Chains' in Asia is the high cost of shipment, esp. the cost of delay....Imagine, at the ports of Dubai and Singapore, ships get an hour-by-hour berthing and departure time. And turnaround is sometimes 10 hours or less!!

Source author: Kishan S Rana kishanrana@gmail.com