Increasing complexity of regulation over time is a regular empirical phenomenon whenever political processes attempt to control economic activity. In this paper it is argued that a tendency toward increasing complexity of controls is probably inherent in most efforts to regulate, and that the...

Increasing complexity of regulation over time is a regular empirical phenomenon whenever political processes attempt to control economic activity. In this paper it is argued that a tendency toward increasing complexity of controls is probably inherent in most efforts to regulate, and that the...

On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to mark the occasion and to consider, often critically roles and performance. This paper reviews the functions of the two institutions in light of their" evolution over the past...

This paper takes as a given the proposition that, in many developing countries, governmental policies have been highly distortive and harmful to economic growth. These policies have included omissions, such as neglect of infrastructure, and commission such as highly restrictive trade regimes and...

In this paper, the evolution of thought regarding protectionist trade policies in developed and in developing countries is examined and contrasted. In the developing countries distrust of markets and a belief in the infant industry argument led to highly protectionist trade regimes. The...