Budget, Economic Policy, and Economic Performance in Underdeveloped Countries

Abstract

This paper tries to combine political and economic matters. It examines first the political and historical limitations which any government faces; it then examines the function of the State in a market-type economy; it questions the need as well as the possibility of setting too clearly defined targets. This leads to an examination of different types of investments, and to an examination of the major function of governmental policies in achieving growth. Investment projects and a reasonably efficient and logically organized budget are seen to be the central means of getting things done.