Marketoriented reforms can boost development from "summary" of Economic Development by Michael P. Todaro,Stephen C. Smith
Market-oriented reforms have been widely recognized as a key driver of economic development in many countries around the world. By shifting towards a more market-driven economy, countries can create a more efficient and competitive environment for businesses to thrive. This can lead to increased investment, job creation, and overall economic growth. One of the main benefits of market-oriented reforms is that they can help to reduce government intervention in the economy. This can lead to a more efficient allocation of resources, as businesses are able to make decisions based on market forces rather than government regulations. In turn, this can lead to increased productivity and innovation, as businesses are incentivized to compete and adapt to changing market conditions. Market-oriented reforms can also ...
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