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As well, Leys (1975: 265-267) argues, the informal sector "covers primarily a system of very intense exploitation of labour with very low wages and often very long hours." Many development economists at that time advocated that the government should overcome market failures by playing a leading role in the industrialization push, directly allocating the resources for investment, and setting up public enterprises in the large heavy industries to control the `commanding heights' (Hirschman, 1958; Nurkse, 1953; Rosenstein-Rodan, 1943).

Pages: 320

Publisher: Oxford University Press; 1 edition (October 1, 1998)

ISBN: 0195117646

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