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Openness and the market friendly approach to development: Learning the right lessons from development experience

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  • Singh, Ajit

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.

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Bibliographic Info

Article provided by Elsevier in its journal World Development.

Volume (Year): 22 (1994)
Issue (Month): 12 (December)
Pages: 1811-1823

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Handle: RePEc:eee:wdevel:v:22:y:1994:i:12:p:1811-1823

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Web page: http://www.elsevier.com/locate/worlddev

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  1. Shiller, Robert J, 1981. "Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?," American Economic Review, American Economic Association, vol. 71(3), pages 421-36, June.
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Cited by:
  1. Singh, Ajit, 1996. "Catching up with the West: a perspective on Asian economic development," MPRA Paper 54925, University Library of Munich, Germany.
  2. Gore, Charles, 2000. "The Rise and Fall of the Washington Consensus as a Paradigm for Developing Countries," World Development, Elsevier, vol. 28(5), pages 789-804, May.
  3. Lall, Sanjaya, 1995. "Structural adjustment and African industry," World Development, Elsevier, vol. 23(12), pages 2019-2031, December.
  4. Singh, Ajit & Weisse, Bruce, 1998. "The Asian model: a crisis foretold," MPRA Paper 54002, University Library of Munich, Germany.
  5. Singh, Ajit, 1997. "Growth: its sources and consequences," MPRA Paper 54978, University Library of Munich, Germany.
  6. Singh, Ajit, 1999. "Global unemployment, Long-run economic growth and labour market rigidities: a commentary," MPRA Paper 54056, University Library of Munich, Germany.

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