These companion volumes examine the highly topical issue of the adequacy of markets as an instrument of economic and social development. In this era of transition and experimentation in economic management by governments, a group of prominent international economists was brought together to distill their thinking on the changing role of government in the development process. The first volume discusses the broad questions; the second volume breaks down the analysis into more detailed topics.

• 1: Introduction: An Overview of the Exercise


• 2: What's the Point of a Development Strategy?


• 3: The Role of Government in the Economies of Developing Countries


• 4: The Future of Planning in Market Economies


• 5: Macroeconomic Policy and the Role of the State in a Changing World


• 6: Industrial Policy in Developing Market Economies


• 7: Global Aspects of a Development Strategy


• 8: A Framework for a Development Strategy in a Market Economy