The Economic Policy Regime and the Two Phases of Market Incorporation
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Market incorporation is a primary requirement for equitable economic development. The creation of well-paid, formal employment provides access to a stable income, helps people to plan for the future and reduces the level of uncertainty. Securing market incorporation for low-income groups can also contribute to reduced income inequality, particularly if it is accompanied by a process of wage compression.
KeywordsForeign Direct Investment Gross Domestic Product Public Employment Private Bank Annual Average Rate
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