'Openness' and the 'Market Friendly' approach to development: learning the right lessons from development experience

Singh, Ajit (1995): 'Openness' and the 'Market Friendly' approach to development: learning the right lessons from development experience. Published in: World Development , Vol. 22, No. 12 (1 December 1994): pp. 1811-1823.

Abstract

Abstract

Two principal analytical and practical policy issues in economic development today are:

a) the degree and kind of openness to the world economy a developing country should seek;

b) what should the government do, or not do, in order to promote fast economic and industrial development.

These questions are controversial and have therefore been the subject of an important debate, not least in the pages of this Journal. In view of its direct policy involvement in developing countries around the globe, the World Bank has been a major participant in this debate.

• Item Type: MPRA Paper
• Language: English
• Keywords: developing country, economic growth, market-friendly, world economy
• Subjects: F - International Economics > F6 - Economic Impacts of Globalization; G - Financial Economics > G1 - General Financial Markets; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy

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