English, Article edition: Government success, failure of the market: a case study of rural India Santonu Basu

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Bookmark: http://trove.nla.gov.au/version/49728
Physical Description
  • article
Language
  • English

Edition details

Title
  • Government success, failure of the market: a case study of rural India
Author
  • Santonu Basu
Physical Description
  • article
Notes
  • Contrary to current thinking, in this paper we argue that a careful examination of government intervention suggests that governments did not fail in all their interventions. For example, in terms of achieving self-sufficiency in food requirements, Indian government intervention was highly successful. However, in terms of solving rural poverty, the government left it to the market, and the market failed to resolve the poverty problem. Rural poverty, instead of falling, increased and subsequently, the government had to intervene to address the poverty.
  • green revolution, government intervention, structural change, rural poverty,
  • RePEc:taf:irapec:v:23:y:2009:i:4:p:485-501
Language
  • English
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