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Government Intervention

In: Fighting Poverty Together

Author

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  • Aneel Karnani

Abstract

There is ideological debate in economics and the political realm over the role of business versus government, with the political right preferring free markets and a minimal role for the state, and the political left preferring a much larger role for the state. The political right appears to have a blind spot about market failure in public goods and in achieving equity; the political left appears to have a blind spot about the need for reforms in the public sector given the way it has performed in most developing countries. The right is blind to market failure; the left is blind to government failure. Rather than engaging in this debate, it is more useful to discuss the roles for business and government in a particular context.

Suggested Citation

  • Aneel Karnani, 2011. "Government Intervention," Palgrave Macmillan Books, in: Fighting Poverty Together, chapter 0, pages 185-232, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-12023-5_7
    DOI: 10.1057/9780230120235_7
    as

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