Description
In the 1980s, developing countries shifted from economic controls to a market-based approach in their economic policy. However, governments still use economic management to stimulate growth beyond what market forces can achieve. Development Policy and Planning explains the techniques and models used in economic policy formulation, with practical examples provided.
Reorientation from economic controls to a market-based approach led to significant changes in the economic policy of developing countries in the 1980s. Yet, with governments continuing to exercise economic management in order to accelerate growth beyond that achieved by market forces, techniques and models of development planning are still an integral feature of development policy management. Development Policy and Planning provides a non-technical explanation of the main techniques and models used for economic policy formulation. Each technique is illustrated in application through practical examples.
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