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Significance of Public Policy

In: Challenges in Economic and Financial Policy Formulation

Author

Listed:
  • Hossein Askari
  • Zamir Iqbal
  • Abbas Mirakhor

Abstract

In any economic system, there is a role for the state and for government policy. While the specifics of this role, its mandate, and its extent would differ from one economic system to another, a legitimate government and its policies are, at a minimum, essential for the preservation of security, social harmony, the legal system, and sustained economic prosperity. In the realm of economics and finance, the role of the state is multifaceted and can be minimal to dominant, depending on the system and societal goals.

Suggested Citation

  • Hossein Askari & Zamir Iqbal & Abbas Mirakhor, 2014. "Significance of Public Policy," Palgrave Studies in Islamic Banking, Finance and Economics, in: Challenges in Economic and Financial Policy Formulation, chapter 0, pages 1-10, Palgrave Macmillan.
    • Handle: RePEc:pal:psibcp:978-1-137-38199-6_1
    DOI: 10.1057/9781137381996_1
    as

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