Suchergebnisse

This paper challenges the belief that laissez-faire, or market-based, economic policies promote economic development. In fact, when examining the cases of Germany & France in the nineteenth century, extensive state intervention was necessary to promote economic development. Similar cases can be made for other European nations & the US. The conclusion is that market-oriented approaches to economic development should be viewed with a skeptical eye. 22 References. Adapted from the source document.