||0 of 0 people found the following review helpful.| Market Failures aand Rethinking Productive Development|By st.clair king|It has helped tremendously in trying to decide how a developing countries with many market failures can respond to the diversification challengs. st.clair king|||"The Washington Consensus its name notwithstanding was invented in Latin America. However, as this useful report shows, inadequate productivity growth since its adoption has forced the region's policymakers to reconsider whether the wholesale rejection of in
Productive transformation requires seizing the opportunities available and opening new ones in a competitive world. Rethinking Productive Development examines the market failures impeding transformation and the government failures that may make the policy remedies worse than the market illness. To address market failures, the authors propose a simple conceptual framework based on the scope and nature of the policy approach. They then systematically analyze country polic...
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