Market or Government Failures?: An Asian Perspective

Bhalla, A.

Choosing between government and market is not a very helpful exercise since both are necessary. This book argues that it is misplaced to dichotomise between government and market failures. Too much attention is generally placed on government failures and not enough on private corporate failures. Failures occur in both public and private corporate spheres. They may be due to lapses in implementation of policies and programmes. Lack of enforcement in developing countries occurs either because rules and norms do not exist or they are poorly enforced. Emphasis on implementation problems highlights the importance of organizations and institutions.

Details

Published by: Palgrave Macmillan

Publication Date: 2001-01-01

Format: Paperback

ISBN-13: 9781349398096

DOI: 10.1057/9780230629202

Dimensions: 216cm x140cm

Pages: 230