The global financial crisis : does the state matter?
Le, Nhina Thi Minh Huong
Date of Issue2008
S. Rajaratnam School of International Studies
As evident from the current global financial crisis, state intervention in market dynamics is desirable, thous not as inevitable as it is in hard security issues. A free-market system is not as free as it is commonly perceived. When markets fail, the state must step in to restore confidence and order.
DRNTU::Social sciences::Economic development
RSIS Commentaries ; 105/08