The Predatory State: Haiti and the Dominican Republic

Hans C. Blomqvist and Mats Lundahl

Chapter 13 in The Distorted Economy, 2002, pp 224-242 from Palgrave Macmillan

Abstract: Abstract The traditional argument for government intervention in the development process rests on three foundations. The first one maintains that the market mechanism fails to allocate resources efficiently at a given point in time due to the fact that the goods and factor markets are imperfect. Furthermore, not even perfect markets are able to guarantee rapid growth of the economy. Finally, even if the price mechanism for some reason did manage to solve both the static and the dynamic allocation problem this cannot lead to an ‘ideal’ distribution of income, except by pure coincidence.

Keywords: Dominican Republic; Predatory State; Incumbent Government; Clique Size; Foreign Loan (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-1434-7_13

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DOI: 10.1057/9781403914347_13

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