scholarly journals Government Failures in Development

1990 ◽  
Vol 4 (3) ◽  
pp. 9-23 ◽  
Author(s):  
Anne O Krueger
Keyword(s):  
Developing Countries ◽  
Market Failure ◽  
The Political ◽  
Economic Policies ◽  
Market Failures ◽  
Political Arena ◽  
Positive Theory ◽  
Government Behavior ◽  
Government Failure ◽  
The Government

By the 1970s and early 1980s, governments in most developing countries were mired down in economic policies that were manifestly unworkable. Whether market failures had been present or not, most knowledgeable observers concluded that there had been colossal government failures. In many countries, there could be little question but that government failure significantly outweighed market failure. This essay focuses on insights relating directly to government behavior affecting economic activity and economic growth in developing countries. It briefly examines each of the following questions: 1) What is “the government”? 2) What is the comparative advantage of government? 3) What are the dynamics of government intervention? 4) Can a positive theory of political behavior be formulated that will help explain when and how alternative policies will evolve in the political arena?

The Singapore Ulama

2014 ◽  
Vol 42 (5) ◽  
pp. 561-583 ◽  
Author(s):  
Tuty Raihanah Mostarom
Keyword(s):  
Political Life ◽  
The Political ◽  
Religious Leaders ◽  
Muslim Community ◽  
Political Arena ◽  
Political Choice ◽  
Political Role ◽  
Close Relationship ◽  
The Government ◽  
Common Perception

There is a common perception that Muslim religious leaders (ulama) in Singapore do not play any political role for the local Muslim community. Due to the seemingly close relationship between the government and grassroots Muslim organisations it is unsurprising that many presume that the activities of organisations such as the Islamic Religious Council of Singapore (MUIS) and the Singapore Islamic Scholars and Religious Teachers Association (PERGAS) are closely monitored by the government. As a result of this environment, the ulama in Singapore do not enter into the political arena. This article argues that the very act of keeping religion out of formal political life in Singapore is a conscious position taken by the local ulama and that in itself is a form of politics. Choosing not to do something is a political choice.

Bolivia's business elites have shifted to Morales

2017 ◽  
Keyword(s):  
Business Groups ◽  
Political Stability ◽  
Economic Conditions ◽  
The Political ◽  
Political Elites ◽  
Economic Policies ◽  
Business Elites ◽  
Content Type ◽  
Collaborative Working ◽  
The Government

Subject Government-business relations. Significance President Evo Morales’s government has established a collaborative working relationship with the country’s most powerful business elites that belies its leftist rhetoric. This is based on an understanding that while government offers large corporate interests favourable economic conditions, business groups will refrain from conspiring against the government in the political sphere. Thus, the government has managed to minimise the sort of pro-regional tensions that characterised its first term in office (2006-10), driving a wedge between economic and political elites. Impacts The economic policies pursued by the Morales administration will continue to prove, broadly, good for business. Smaller-scale businesses have been less beneficially treated, but lack political lobbying power. Avoidance of strife with the more powerful business groups will continue to help underpin political stability.

scholarly journals Multisectoral Initiatives, Sectoral Inertia: A Dilemma of Governance for Development Policy-makers

1999 ◽  
Vol 38 (4II) ◽  
pp. 897-904
Author(s):  
Pervaiz Tahir
Keyword(s):  
Development Policy ◽  
Market Failure ◽  
Coordination Problem ◽  
Role Of Government ◽  
Policy Makers ◽  
Government Failure ◽  
Development Professionals ◽  
The Government ◽  
Social Sectors

The opinion of development professionals at home and abroad has converged on the point that bad governance lies at the root of the loss of the momentum of economic growth, increasing poverty and failed investment in social sectors. Early concern of development economists with market failure brought in the arguments for the role of government. Government failure was the dominant issue of the eighties. The last decade of the twentieth century is witnessing a focus on governance failure, a broader concept in that the government is not viewed as the only governing entity. This paper addresses an issue which has been there during the reigns of all these “failure” paradigms. It arises from the inability of governments, organised traditionally into the vertically operating line departments, to deal effectively with multisectoral or cross-sectoral problems and cross-cutting issues. The paper traces the evolution of multisectoral issues and looks at the standard approach of treating multisectoral initiatives as a horizontally fathomed coordination problem to show that it has been an unmitigated disaster. It argues that the multisectoral issues can be better addressed by internalising the elements of coordination, particularly in social sectors, though there have been situations which raise questions about this approach as well

scholarly journals POLITICAL ECONOMIC ANALYSIS OF RICE SELF-SUFFICIENCY IN INDONESIA

2018 ◽  
Vol 18 (2) ◽  
pp. 77
Author(s):  
Sri Nuryanti ◽  
Dedi Budiman Hakim ◽  
Hermanto Siregar ◽  
M. Husein Sawit
Keyword(s):  
Weight Loss ◽  
Market Failure ◽  
Annual Data ◽  
Economic Rent ◽  
Dead Weight ◽  
Political Preference ◽  
Government Failure ◽  
Self Sufficiency ◽  
The Government ◽  
Political Economic

<p class="abstrakinggris">Rice self-sufficiency is an important programme in Indonesia. The programme has four major targets, i.e. increasing production, stabilizing prices and reserve stocks, and minimizing import. For that purpose, the government gave a mandate to a parastatal, namely National Logistic Agency (Bulog) in implementing the rice policies. Some studies found that involvement of such a parastatal could lead to government failure in budget allocation. The study aimed to estimate social cost of rice self-sufficiency programme based on the implementation of rice instrument policies by Bulog. The study used the national annual data of 2002–2014 period. The method used was the political preference function model to estimate economic rent and dead-weight loss using rice price elasticity of demand and supply. The result showed that in terms of percentage of food security budget, the average of economic rent reached IDR 6.37 trillion per annum (18.54%), while the average of dead-weight loss amounted at IDR 0.90 trillion per annum (2.34%). It proved that rice self-sufficiency programme along with the involvement of Bulog was economically inefficient. The government should provide better agricultural infrastructure, review governmental procurement prices, and stop rice import policy to remedy market failure.<strong><em></em></strong></p>

scholarly journals Collaborative engagement approaches for delivering sustainable infrastructure projects in the AEC sector: A review

2011 ◽  
Vol 1 (1) ◽  
pp. 1-24 ◽  
Author(s):  
Alaba Adetola ◽  
◽  
Jack Goulding ◽  
Champika Liyanage ◽  
◽  
...  
Keyword(s):  
Developing Countries ◽  
Market Failure ◽  
Business Models ◽  
Well Being ◽  
Road User ◽  
Market Failures ◽  
Infrastructure Projects ◽  
Sustainable Infrastructure ◽  
Collaborative Engagement ◽  
Infrastructure Services

The public sector has traditionally financed and operated infrastructure projects using resources from taxes and various levies (e.g. fuel taxes, road user charges). However, the rapid increase in human population growth coupled with extended globalisation complexities and associated social/political/economic challenges have placed new demands on the purveyors and operators of infrastructure projects. The importance of delivering quality infrastructure has been underlined by the United Nations declaration of the Millennium Development Goals; as has the provision of ‘adequate’ basic structures and facilities necessary for the well-being of urban populations in developing countries. Thus, in an effort to finance developing countries’ infrastructure needs, most countries have adopted some form of public-private collaboration strategy. This paper critically reviews these collaborative engagement approaches, identifies and highlights 10 critical themes that need to be appropriately captured and aligned to existing business models in order to successfully deliver sustainable infrastructure projects. Research findings show that infrastructure services can be delivered in many ways, and through various routes. For example, a purely public approach can cause problems such as slow and ineffective decision-making, inefficient organisational and institutional augmentation, and lack of competition and inefficiency (collectively known as government failure). On the other hand, adopting a purely private approach can cause problems such as inequalities in the distribution of infrastructure services (known as market failure). Thus, to overcome both government and market failures, a collaborative approach is advocated which incorporates the strengths of both of these polarised positions.

Candidates promise continuity, not change in Peru

2015 ◽  
Keyword(s):  
Mass Media ◽  
Party System ◽  
Decisive Role ◽  
The Political ◽  
Economic Policies ◽  
Main Thrust ◽  
Content Type ◽  
Business Executives ◽  
Voter Preferences ◽  
The Government

Significance The leading candidates for the presidential contest set out their agendas at the annual meeting of business executives (CADE) on December 3-4. The campaign, aggressive and personalised, had so far lacked policy substance. With each candidate supporting the continuance of business-friendly economic policies and backing measures to clamp down on public insecurity and corruption, they were at pains to distinguish themselves one from another. The dispersion of parties and candidates still makes a second round likely. Impacts With the political focus increasingly on the election, support for the government may recover slightly over the next six months. The main thrust of campaigning will remain highly personalised. The lack of any strong party system means that the mass media will play a decisive role in shaping voter preferences. The left, lacking funding and organisation, is unlikely to flourish.

The Role of Government in a Liberal Market Economy

2018 ◽  
pp. 53-61
Author(s):  
Claude Joseph
Keyword(s):  
Public Choice ◽  
Market Failure ◽  
Government Intervention ◽  
Rational Behavior ◽  
Market Failures ◽  
Role Of Government ◽  
Failure Theory ◽  
Theoretical Perspectives ◽  
The Government

This essay is a critical assessment of the market failure theory and public choice theory. While the market failure theory provides a justification for government intervention in the economy, the public choice theorists are very skeptical about the role of government as a corrector of market failures. Since government failures can be worse than market failures, the imperfections in the market process, they argue, do not necessarily call for government intervention. These two theoretical perspectives, notwithstanding their difference, do share something in common. Both assume that individuals are self-interested. This essay contends that a shift from rational self-interested behavior to bounded-rational behavior provides a less contested role for the government. With bounded-rational behavior, the state should no longer be viewed as a mere surrogate of the market, but as “a choice architect,” “an entrepreneur,” and “a manager of conflict.”

Economic Restructuring and the Rise of Market Liberalism

2013 ◽  
Author(s):  
Bruce K. Rutherford
Keyword(s):  
Democratic Party ◽  
Economic Restructuring ◽  
Political Influence ◽  
Business Community ◽  
The Political ◽  
Economic Policies ◽  
Think Tank ◽  
The Government ◽  
Economic Studies ◽  
Market Liberalism

This chapter observes that the implementation of market-oriented economic policies since 1991 has strengthened the political influence of the business community. By June 2000, the government had sold a controlling interest in roughly one-third of the enterprises that it owned, with a sale value of about 12.3 billion LE. Egypt's most powerful businessmen have used this opportunity to articulate a distinctive conception of market liberalism through the publications of a prominent think tank, the Egyptian Center for Economic Studies. The chapter documents and analyzes this view of the state, law, and the economy. It also notes that this approach to market liberalism has been adopted by the ruling National Democratic Party and implemented by the reformist prime minister who assumed power in 2004 (Ahmad Nazif).

Note intorno alia teoria delle scelte pubbliche

1984 ◽  
Vol 2 (1) ◽  
pp. 29-44
Author(s):  
Salvo Creaco
Keyword(s):  
Public Choice ◽  
Market Failure ◽  
Traditional Approach ◽  
Microeconomic Theory ◽  
The Political ◽  
Price Theory ◽  
Public Intervention ◽  
Government Failure ◽  
Private Market ◽  
Endogenous Variables

Abstract Public Choice can be defined as the application of microeconomics to the analysis of public decision-making. According to this approach, the microeconomic theory is not considered any more as restricted to the field of price theory, and its role is extended from the private market to the political one.By taking both voters and politicians as endogenous variables, the Public Choice school fills a basic gap of the traditional approach to the study of public policy. The application of this new methodology made it possible to identify, abreast of the well known "market failure*, the eventual "government failure*, due to the inadequacy of public intervention in economy.

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