Government and Market in Economic Development

Experiences of most developing countries show that the initial stage of development has to be engineered by the government. The governments of developing countries are likely to adopt “mercantilistic” growth promotion policies, which tend to be effective during the initial phase of extensive growth....

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Bibliographic Details
Main Author: Soon Cho
Format: Article
Language:English
Published: World Scientific Publishing 1994-01-01
Series:Asian Development Review
Online Access:https://www.worldscientific.com/doi/10.1142/S0116110594000126