Prices, Incentives and Economic Growth

  • Bela Balassa

Abstract

The period since the depression of the nineteen-thirties has seen a multiplication of government interventions in economic life — although in some respects a reversal has occurred in recent years. Government interventions take a variety of forms, depending on the system of economic decision-making applied. The present essay will examine the economic effects of these interventions in developed, developing, and socialist economies.

Keywords

Depression Europe Transportation Income Turkey 

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Notes

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Copyright information

© The World Bank and Bela Balassa 1985

Authors and Affiliations

  • Bela Balassa
    • 1
    • 2
  1. 1.The Johns Hopkins UniversityUSA
  2. 2.The World BankUSA

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