The state, the market, and development

Stiglitz, Joseph E.

The state has played a major role in the most important developmental successes. This paper discusses the advances in our understanding of the role of the state in the developmental process over the past thirty years, and the contribution to those advances played by changes in economics, changes in the world, and key experiences (in particular the successes in East Asia and the failures in the countries pursuing Washington Consensus policies).


More About This Work

Academic Units
WIDER Working Papers Series, 2016/1
Published Here
February 5, 2019


To be published in Mapping Development Economics: the Past, Present and Future, Tony Addison and Finn Tarp (eds.). Originally presented at UNU-WIDER 30th Anniversary Conference held September 2015 in Helsinki, Finland.