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A note on the implications of global convergence under a non-redistributive system
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History
Publication status
- Published
Journal
Journal of Economic IssuesISSN
0021-3624Issue
3Volume
37Page range
805-812Pages
8.0Department affiliated with
- SPRU - Science Policy Research Unit Publications
Notes
DEV The `Washington consensus¿ view of development consists of a vision of the benign effects of the spread of laissez-faire capitalism, in which the role of the state becomes rather passive. The paper argues that if this is to prevail, catch-up by liberalising countries will take many decades and massively high output to succeed. Redistribution by a more proactive state is needed to act more effectively. Dr Hasan contributed much of the political economy to this joint study.Full text available
- No
Peer reviewed?
- Yes
