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A framework for a development strategy in a market economy: objectives, scope, institutions and instruments
Defining responsibilities and assigning roles in a partnership between the
state and the market economy and other elements of society to promote basic
development objectives and specifying how the state discharges its
responsibilities within the partnership. A well-functioning economy requires a
mix of government and markets. The balance, structure and functioning of that
mix is at the heart of a development strategy. The mix is not simply an
assigning of certain areas to one or the other domain. The more appropriate
analogy is that of a partnership, in which each partner is assigned certain
areas of responsibility. The political process makes the assignments, and the
task of this book is to provide an analytic basis to help examine how those
assignments should be made.
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