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Market or Government Failures?

An Asian Perspective

  • Book
  • © 2001

Overview

Authors:
  1. A. S. Bhalla

    1. Sidney Sussex College, University of Cambridge, UK

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xvii
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  2. The Old and the New Political Economy

    • A. S. Bhalla
    Pages 1-23

  3. Theories of Market and Government Failures

    • A. S. Bhalla
    Pages 24-44

  4. Financial Crises: Cases of Market Failure

    • A. S. Bhalla
    Pages 45-64

  5. The Asian Financial Crisis

    • A. S. Bhalla, D. M. Nachane
    Pages 65-91

  6. The Impact of the Asian Crisis on China and India

    • A. S. Bhalla, D. M. Nachane
    Pages 92-126

  7. State Enterprises in China and India: A Case of Government Failure

    • A. S. Bhalla
    Pages 127-161

  8. Conclusion: Implementation Failures

    • A. S. Bhalla
    Pages 162-174

  9. Back Matter

    Pages 175-230
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Keywords

About this book

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.

Authors and Affiliations

  • Sidney Sussex College, University of Cambridge, UK

    A. S. Bhalla

About the author

A.S. BHALLA is David Thompson Senior Research Fellow at Sidney Sussex College, University of Cambridge. Dr. Bhalla has held research and academic positions at the Universities of Yale, Oxford and Manchester. He has published extensively in well-known journals and is the author of several books on different aspects of developments, e.g. Uneven Development in the Third World, Globalization, Growth and Marginalization, Regional Blocs: Building Blocks or Stumbling Blocks, Poverty and Exclusion in a Global World, and Facing the Technological Challenge.

Bibliographic Information

  • Book Title: Market or Government Failures?

  • Book Subtitle: An Asian Perspective

  • Authors: A. S. Bhalla

  • DOI: https://doi.org/10.1057/9780230629202

  • Publisher: Palgrave Macmillan London

  • eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)

  • Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2001

  • Hardcover ISBN: 978-0-333-66240-3Published: 13 March 2001

  • Softcover ISBN: 978-1-349-39809-6Published: 01 January 2001

  • eBook ISBN: 978-0-230-62920-2Published: 13 March 2001

  • Edition Number: 1

  • Number of Pages: XVII, 230

  • Topics: Development Economics, International Political Economy

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