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This document discusses the concepts of development planning and its rationale. It addresses the roles of the state, market, and citizen sector in achieving economic development and poverty reduction. The key points are: 1. Development planning involves deliberately allocating resources through government economic policy and domestic/foreign financing. 2. Rationale for development planning includes addressing market failures like imperfect competition and externalities, as well as government failures due

Author
Hyasmin Buenviaje
Language
EN

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