In this study, the author adopts an interdisciplinary perspective on Third World development, recognizing the importance of the interrelationships between the economy and the society and emphasizing the need to direct attention to political, institutional and historical factors. The political economy approach adopted in this study examines the role of the state in promoting political and socio economic development. It takes the position that the state and market play a complementary role in that promotion, but arriving at the appropriate mix is the real problem for policymakers.
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