These companion volumes examine the highly topical issue of the adequacy of markets as an instrument of economic and social development. In this era of transition and experimentation in economic management by governments, a group of prominent international economists was brought together to distill their thinking on the changing role of government in the development process. The first volume discusses the broad questions; the second volume breaks down the analysis into more detailed topics.
1. Introduction,Jean-Claude Milleron and Arjun Sengupta 2. The Future of Development Planning in Market Economies,Edmond Malinvaud 3. Market Failures, Public Goods, and Externalities,Joseph Stiglitz 4. Macroeconomic Management,Nicholas Stern 5. The Development Strategy,Amartya K. Sen 6. Industrial Policy in a Developing Market Economy,Kotaro Suzumura 7. Global Aspects of Development Strategy,Jean-Claude Milleron and Arjun Sengupta
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