1945

Institutional and governance arrangements supportive of economic development

In the preceding chapter it has been argued that economic policies in support of industrialization and technological upgrading need to aim not just at efficiency gains, but also, primarily, at strengthening the creative forces of markets to induce capital accumulation and promote innovation and productivity. The present chapter examines institutional and governance structures at both the national and international levels that are best suited to complement these policies.

Related Subject(s): International Trade and Finance
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