info

Brad De Long delong at econ.Berkeley.EDU
Fri May 8 18:02:26 PDT 1998


Re:


>Non-market
>forces like the developmental state and capital controls do seem, if
>history is any guide, to be the best friend of market growth.
>
>-- Dennis

*If* and *only* if your government is truly a developmental state--as opposed to, say, an executive committee for managing the affairs of the landlords or the intelligentsia.

As Lant Pritchett likes to say, there is nothing worse than state-led development led by an anti-developmental state.

I do not think that the U.S. government has sufficient relative autonomy or institutional competence to be a successful developmental state, and the U.S. government is kind of high up on the scale as governments go...

Brad DeLong



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