Market or Government Failures?

An Asian Perspective

  • A. S. Bhalla

Table of contents

  1. Front Matter
    Pages i-xvii
  2. A. S. Bhalla
    Pages 1-23
  3. A. S. Bhalla, D. M. Nachane
    Pages 65-91
  4. A. S. Bhalla, D. M. Nachane
    Pages 92-126
  5. A. S. Bhalla
    Pages 162-174
  6. Back Matter
    Pages 175-230

About this book


Choosing between government and market is not a very helpful exercise since both are necessary. This book argues that it is misplaced to dichotomise between government and market failures. Too much attention is generally placed on government failures and not enough on private corporate failures. Failures occur in both public and private corporate spheres. They may be due to lapses in implementation of policies and programmes. Lack of enforcement in developing countries occurs either because rules and norms do not exist or they are poorly enforced. Emphasis on implementation problems highlights the importance of organizations and institutions.


Asia China Developing Countries economy financial crisis institutions organization organizations political economy

Authors and affiliations

  • A. S. Bhalla
    • 1
  1. 1.Sidney Sussex CollegeUniversity of CambridgeUK

Bibliographic information

Industry Sectors
Finance, Business & Banking