Tuesday, 7 December 1999

From "Globalization, Growth and Distribution: Framing the Questions"

By Ravi Kanbur, p. 12.

Consider then an economy in which there is a reorientation from a heavily publicly provided services past to a more private sector oriented future, which is precisely what, as some may argue, is leading to the higher growth rates. The household survey data will capture transactions in the expanded private sphere, but it will not capture corresponding reduction in public services which, no matter how inefficiently and ineffectively provided, had at least some value to them.

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