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Saturday, April 14, 2012

The State as Market - Andrew Sheng

THE more I study the Indian and Chinese growth models, the more I realise that the current debate over the state versus the market is a false dichotomy.
Both the state and the market are social institutions that are not independent of each other. Indeed, they are inseparable, interactive and interdependent.
Human development or evolution is a complex interaction or feedback between the two. In Small is beautiful author EF Schumacher's view, “Maybe what we really need is not either-or but the-one-and-the-other-at-the-same-time”.

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