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Assessing Recent Changes in the Role of Government in the Economy

  • Giorgio Brosio

Abstract

The beginning of the 1980s witnessed very important changes in economic policy both in the industrialized and in the developing countries. Privatization of public firms and agencies was initiated and measures directed to remove market distortions were introduced (the so-called “structural reforms” in the vocabulary of international organizations), along with a medium-term orientation of demand management policies aimed to stabilize the macroeconomic environment in which private decisions are made.

Keywords

Public Sector Transaction Cost Market Failure Public Firm Incomplete Market 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 1993

Authors and Affiliations

  • Giorgio Brosio

There are no affiliations available

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