Markets Alone Make No Development

Basil Oberholzer ()
Additional contact information
Basil Oberholzer: University of Bern

Chapter Chapter 5 in Fighting Global Poverty, 2022, pp 27-37 from Springer

Abstract: Abstract Based on the macroeconomic principles introduced in the previous chapter, we can now better understand why markets alone are not able to increase low incomes and low productivity in developing countries. To improve growth conditions, active economic policies with public investment are needed such that the private sector is crowded in and becomes more active. This chapter explains why the arguments of the economic mainstream against such policies are analytically misguided.

Date: 2022
References: Add references at CitEc
Citations:

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:spr:spbchp:978-3-658-36631-5_5

Ordering information: This item can be ordered from
http://www.springer.com/9783658366315

DOI: 10.1007/978-3-658-36631-5_5

Access Statistics for this chapter

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