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|Additional Physical Format:||Online version:
Shaw, Edward S. (Edward Stone).
Financial deepening in economic development.
New York, Oxford University Press, 1973
|All Authors / Contributors:||
Edward S Shaw
|Performer(s):||ISBN 0 19 501632 7 Pbk: £1.60.|
|Description:||xii, 260 pages 22 cm.|
|Series Title:||Economic development report.|
|Responsibility:||[by] Edward S. Shaw.|
The author maintains the relative price counts in economic development and that financial liberalization invariably aids development. The book's target is the "lagging economy," which, Professor Shaw writes, "confines itself and international economic policy that, in effect, instruct market participants to keep aggregate levels of income and wealth where they are ... It resists liberalization of market where decentralized decisions could advance economic welfare, even though its government sector is inept. The lagging economy is stubbornly poor." Professor Shaw stresses the importance of decentralization of economic choice under both capitalism and socialism.