Policy Choices for Developing Countries

Bela Balassa
Additional contact information
Bela Balassa: Johns Hopins University and World Bank

Indian Economic Review, 1988, vol. 23, issue 1, 27-43

Abstract: Developing countries with inward oriented trade regimes are characterised by serious policy imposed distortions in the product and factor markets. Price and investment controls are widespread and tend to perpetuate what they are designed to avoid. Factor market distortions interfere with resource allocation according to comparative advantage. In general, government intervention has adverse effects on economic growth, employment and income distributions. The growth experience of NICs has an important lesson for India: Opening the economy brings limited results if controls are maintained and if public enterprises dominate the economy.

Date: 1988
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dse:indecr:v:23:y:1988:i:1:p:27-43

Ordering information: This journal article can be ordered from
http://www.ierdse.org/

Access Statistics for this article

Indian Economic Review is currently edited by Pami Dua (Editor) & Ram Singh (Associate Editor) and Sunil Kanwar

More articles in Indian Economic Review from Department of Economics, Delhi School of Economics University of Delhi, Delhi 110 007. Contact information at EDIRC.
Bibliographic data for series maintained by Pami Dua ().