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1998 | OriginalPaper | Chapter

The Role of Government in the Development of BTCs

Author : Ruby Gonsen

Published in: Technological Capabilities in Developing Countries

Publisher: Palgrave Macmillan UK

Included in: Professional Book Archive

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Economic theory provides a basis for government intervention based on whether the relevant markets function efficiently. If all markets function efficiently, the best strategy for optimal allocation of resources and production is one of minimum intervention. If there is market failure,1 however, optimality is not guaranteed; government intervention may be required to improve the functioning of imperfect markets.

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Metadata
Title
The Role of Government in the Development of BTCs
Author
Ruby Gonsen
Copyright Year
1998
Publisher
Palgrave Macmillan UK
Book
Technological Capabilities in Developing Countries

Print ISBN: 978-1-349-26371-4

Electronic ISBN: 978-1-349-26369-1

Copyright Year: 1998

DOI
https://doi.org/10.1007/978-1-349-26369-1_6