Synopses & Reviews
This book critiques the attention generally placed on government failures in economic crises. Bhalla tunrs to the market, exploring corporate failures which occur in both public and private spheres. These may be due to lapses in implementation of policies and programs. Lack of enforcement in developing countries occurs either because rules and norms do not exist or because they are poorly enforced.
Synopsis
This book critiques the attention generally placed on government failures in economic crises. Bhalla tunrs to the market, exploring corporate failures which occur in both public and private spheres. These may be due to lapses in implementation of policies and programs. Lack of enforcement in developing countries occurs either because rules and norms do not exist or because they are poorly enforced.
Description
Includes bibliographical references (p. 182-213) and indexes.
About the Author
A. S. Bhalla is David Thomson Senior Research Fellow, Sidney Sussex College.
Table of Contents
The Old and the New Political Economy * Theories of Market and Government Failures * Financial Crises: Cases of Market Failure * The Asian Financial Crisis; A. S. Bhalla & D. M. Nachane * The Impact of the Crisis on China and India; A. S. Bhalla & D. M. Nachane * State Enterprises in China and India: A Case of Government Failure* Conclusions: Implementation Problems