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Market MenagerieHealth and Development in Late Industrial States$
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Smita Srinivas

Print publication date: 2012

Print ISBN-13: 9780804780544

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804780544.001.0001

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Well Beyond Market Failure

Well Beyond Market Failure

Chapter:
(p.32) 1 Well Beyond Market Failure
Source:
Market Menagerie
Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804780544.003.0002

This chapter introduces the theoretical lens of evolutionary developmental states and highlights the need to move beyond traditional market-failure approaches evaluating the health sector in late industrial states. It addresses the economic and political questions of industrial and health policies in the case of India and discusses the essential characteristics of late industrializers in relation to industrial supply. This chapter recommends the combination of insights from the economics of technical change with more traditional political economy analyses of development in order to understand the problems of the health sector.

Keywords:   health sector, market-failure approaches, late industrial state, health policies, technical change, political economy analyses, India

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