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The state, the market, and development

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  • Joseph E. Stiglitz

Abstract

The state has played a major role in the most important developmental successes. This paper discusses the advances in our understanding of the role of the state in the developmental process over the past thirty years, and the contribution to those advances played by changes in economics, changes in the world, and key experiences (in particular the successes in East Asia and the failures in the countries pursuing Washington Consensus policies).

Suggested Citation

  • Joseph E. Stiglitz, 2016. "The state, the market, and development," WIDER Working Paper Series wp-2016-1, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2016-1
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2016-1.pdf
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    References listed on IDEAS

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    13. Hoff, Karla & Stiglitz, Joseph E., 2016. "Striving for balance in economics: Towards a theory of the social determination of behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 126(PB), pages 25-57.
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    22. Joseph E. Stiglitz & Martin Guzman (ed.), 2016. "Contemporary Issues in Macroeconomics," International Economic Association Series, Palgrave Macmillan, number 978-1-137-52958-9, December.
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    28. Blanchard, Olivier J. & Romer, David & Spence, Michael & Stiglitz, Joseph E. (ed.), 2012. "In the Wake of the Crisis: Leading Economists Reassess Economic Policy," MIT Press Books, The MIT Press, edition 1, volume 1, number 026201761x, December.
    29. Era Dabla-Norris & Kalpana Kochhar & Nujin Suphaphiphat & Franto Ricka & Evridiki Tsounta, 2015. "Causes and Consequences of Income Inequality; A Global Perspective," IMF Staff Discussion Notes 15/13, International Monetary Fund.
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    Cited by:

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    2. Augustin Kwasi Fosu & Dede Woade Gafa, 2020. "Development Strategies for the Vulnerable Small Island Developing States (SIDS)," Working Papers 202073, University of Pretoria, Department of Economics.
    3. Ismail Doga Karatepe & Christoph Scherrer, 2019. "Collective Action as a Prerequisite for Economic and Social Upgrading in Agricultural Production Networks," Agrarian South: Journal of Political Economy, Centre for Agrarian Research and Education for South, vol. 8(1-2), pages 115-135, April.
    4. KS, Chalapati Rao & Dhar, Biswajit, 2018. "India's Recent Inward Foreign Direct Investment: An Assessment," MPRA Paper 88992, University Library of Munich, Germany.

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