What Produces Economic Success?

Dani Rodrik

Chapter 2 in Economic Growth with Equity, 2007, pp 27-43 from Palgrave Macmillan

Abstract: Abstract Some 20 years ago, it would have been relatively easy to come up with an answer to the question posed by this chapter’s title. Economic success, it was thought, could be achieved by loosening the governmental controls that held markets in poor countries in their grip, and by freeing up private economic activity. The strategy was clear: reduce barriers to imports, remove price controls and other market impediments, bring public spending under tight rein, and sell off public enterprises. Such was the nature of the consensus around these policy solutions that researchers that came of age around this time (like me) found themselves driven to do political economy analysis rather than normative economic analysis. After all, it seemed like all the important policy questions had already been answered. We knew what governments needed to do; what was needed was to understand why they failed to do it.2

Keywords: Institutional Reform; External Shock; Economic Liberalization; Domestic Saving; Income Quartile (search for similar items in EconPapers)
Date: 2007
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:pal:palchp:978-0-230-80091-5_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230800915

DOI: 10.1057/9780230800915_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().