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Publication Date: November 1989
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Gabriel Roth
Research Area: Economics
Keywords: Trade and foreign aid
Type: Report
Abstract:
Governments, especially in poor, less developed countries, understandably desire to see their people’s living standards raised quickly. In the past, these governments have felt that direct state responsibility for the provision of various goods and services was the best means to this end. Yet decades of experience, in both developed and developing countries, show that this typically leads to poor quality goods and services, huge financial losses and government debts, corruption of government officials, and declining living
standards.