01712cas a2200241 a 4500 AALejournalIMF010157 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451928266 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. The Role of the Public Sector in the Market Economies of Developing Asia : General Lessons for the Current Debt Strategy. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (44 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper pursues several objectives. First, it presents a sketch of a positive (or real-world) theory of public sector intervention. Second, it analyzes in some detail the activity of the public sector in nine market economies of developing Asia and relates this activity to the growth of the foreign debt of these countries. It is argued that the relatively good performance of those countries was achieved at considerable and growing costs, especially in terms of external debt accumulation. Finally, the paper uses the experience of the Asian countries to draw some general lessons for the current debt strategy. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/007 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/007/001.1988.issue-007-en.xml IMF e-Library