Structural Policy and the Market Economy

04/11/2013 14:52

Paul J. Dejillas and German Constantino

The market economy possesses the inherent objectives of achieving growth, stability and social equity. In pursuing this, structural policy lays down the overall framework or policy environment that in the concrete establishes the directions, thrusts, strategies, or parameters to ensure that all the forces or agents in the market really operate towards promoting these overall economic objectives.  In view of this, the main concerns of structural policy in the market are also necessarily tied up with the objectives of growth, stability, and social equity. [Read more] ...