Justification and classification of policies_5

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 ?