The Interaction of Factor and Product Market Distortions in Developing Countries

Bela Balassa
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Bela Balassa: The Johns Hopkins University

Chapter Essay 3 in New Directions in the World Economy, 1989, pp 39-62 from Palgrave Macmillan

Abstract: Abstract This essay will examine distortions in product and factor markets in developing countries, and the interaction of these distortions in respect to the development strategies applied. The analysis will concentrate on policy-imposed distortions, where departures from efficient resource allocation result from policy actions; these contrast with distortions resulting from market imperfections.1

Keywords: Interest Rate; Minimum Wage; Real Interest Rate; Ivory Coast; Factor Market (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10588-5_3

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DOI: 10.1007/978-1-349-10588-5_3

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