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What is Economic liberalization ?
What stressed the role of market ?
What school of thoughts in 1960s stress the role of state ?
Debt crisis 1980s
After 1990s, following the debt crisis, what kind of approach is in place in regards to state's policies and its role ?
What do most economists believe in regards to the private sector incentive ?
What are the types of state intervention ?
What is efficiency oriented intervention ?
What is market failure and what does it includes ?
What are the typical characteristics of public good ?
what will happen in case of externalities ?
What are positive externalities ?
What are negative externalities ?
For most efficient outcome and competitiveness what should state promote ?
What are transaction costs ?
What is the impact of high transaction cost how it can be reduced ?
What are non-efficiency oriented interventions ?
Give example of efficiency oriented policies ?
What are non-efficiency oriented policies ?