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What is Challenges of Market Development in LDCs about?

The document discusses the myths of the market in development economics. It argues that the new orthodoxy of emphasizing market liberalization fails to explain the difficulties faced by economic liberalization programs or account for the political nature of institutions needed to undergird market economies. It also examines how changes in the global economy influenced efforts to construct national market economies in late developers.

Author

Ceren Gökçe Keskin

Language

EN