International Conference on Eurasian Economies
17-18 September 2013 – St. Petersburg, RUSSIA
Paper detail
Paper ID : 685
Status : Paper published
Language : English
Topic : Growth and Development
Presenter: Prof. Dr. Özlen Hiç
Session : 4A Growth & Development
A Summary of the Developments Regarding the Economic Regime Implemented in Developed and Developing Countries
A Summary of the Developments Regarding the Economic Regime Implemented in Developed and Developing Countries
- Prof. Dr. Özlen Hiç (İstanbul University, Türkiye)
Abstract
Since the developments regarding the economic regime in developed countries follow a different path as opposed to those in developing countries, in this article, these two groups of countries will be examined separately. Priority will be given to investigating the economic regime in developed countries due to historical and theoretical reasons. Today, both in developed and developing countries the economic activities basically are taken up by the private sector; nevertheless the government contributes to these activities through intervention, guidance, protectionism, and investment. Still the level of government intervention, protection and public investments in developed countries appears to be at the minimum. The role of government in developing countries, on the other hand, seems to be more significant; the gravity of the government’s role depends on the degree of development for the countries concerned. In the countries where the level of development is low, the role of government increases, that is to say, the improvement in development decreases the role government.
JEL codes: O10, O20
Hiç, Özlen (2013). "A Summary of the Developments Regarding the Economic Regime Implemented in Developed and Developing Countries" in Proceedings of International Conference of Eurasian Economies 2013, pp.125-132, St. Petersburg, RUSSIA.
DOI: https://doi.org/10.36880/C04.00685
Session 4A: Growth & Development
