Skip to main content
Top
Published in:
Cover of the book

2003 | OriginalPaper | Chapter

Government and Markets: Theory and Concepts

Authors : Michael Hubbard, Marisol Smith, Frank Ellis, Gideon Onumah, Andrew Shepherd, Peter Lewa, Renu Kohli

Published in: Developing Agricultural Trade

Publisher: Palgrave Macmillan UK

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

The middle decades of the twentieth century saw a rise in the role of the state worldwide. State expenditure as a proportion of GDP rose dramatically, influenced in part by the replacement of the market with the state in the Soviet Union and China to stem perceived evils of capitalism, and by the popular clamour post-World War Two for better health, education and infrastructure. But with market economies outperforming centrally planned economies, and much state enterprise accumulating losses, the tide of ideology and state reform in the 1980s and 1990s turned towards expanding the private sector. The main targets for privatisation were state manufacturing and state farming enterprises. But state services were brought into the privatisation focus too.

Metadata
Title
Government and Markets: Theory and Concepts
Authors
Michael Hubbard
Marisol Smith
Frank Ellis
Gideon Onumah
Andrew Shepherd
Peter Lewa
Renu Kohli
Copyright Year
2003
Publisher
Palgrave Macmillan UK
DOI
https://doi.org/10.1057/9781403990211_1