Responding to new thinking about economic development and changed economic circumstances, governments' perceptions of their own role in the management of their economies have shifted. This volume distils the thinking eight economists on this changing function of government.

These companion volumes examine the highly topical issue of the adequacy of markets as an instrument of economic and social development. In this era of transition and experimentation in economic management by governments, a group of prominent international economists was brought together to distill their thinking on the changing role of government in the development process. The first volume discusses the broad questions; the second volume breaks down the analysis into more detailed topics.