Open AccessGovernment Failures in Development
Author(s) -
Anne O. Krueger
Publication year - 1990
Publication title -
the journal of economic perspectives
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 9.614
H-Index - 196
eISSN - 1944-7965
pISSN - 0895-3309
DOI - 10.1257/jep.4.3.9
Subject(s) - government failure , economic interventionism , government (linguistics) , market failure , developing country , politics , economics , intervention (counseling) , public economics , development economics , economic policy , political economy , political science , economic growth , neoclassical economics , law , psychology , linguistics , philosophy , psychiatry
This paper takes as a given the proposition that, in many developing countries, governmental policies have been highly distortive and harmful to economic growth. These policies have included omissions, such as neglect of infrastructure, and commission such as highly restrictive trade regimes and credit rationing. The issues arising from recognition that governments, like markets, are imperfect are discussed.
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