File2-page26 - tivity State seen as benevolent questioned...

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Role of State Regulation and Development Representative Countries (countries with more open access to polit- ical power, constraints on the executive, and greater political rights) have less burdensome regulation of entry ... even controlling for per capita income ... relates to views about the role of the state Paper’s Limitation: main source of identiFcation is cross-sectional 2.2 Role of State We can identify three key phases in the history of policy making: 1. Era of the developmental state (1950-1980): a) emphasis on state-led industrialization often behind trade and other barriers b) state plays key role in directing and coordinating economic ac-
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Unformatted text preview: tivity State seen as benevolent questioned by some for e.g Robert Bates (Harvard) & Peter Bauer (LSE) Mixed outcomes, i.e., successes in East Asia but failures in Africa and Latin America 2. Washington Consensus Era (1988 onwards): ... change begin in 1980s, .e.g., with Thatcher and Reagan a) benevolence of big government b) focus on providing level playing Feld and getting prices right c) emphasis on macro-economic stability and Fscal discipline d) emphasis on openness e) emphasis on privatisation Development Economics, LSE Summer School 2007 23...
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This note was uploaded on 12/29/2011 for the course ECO 307 taught by Professor Dublin during the Spring '10 term at SUNY Stony Brook.

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