In the public choice (or new political economy)approach to development the emphasis is on
A)growth in the rural sector.
B)the self-interested behavior of public officials.
C)the dependence of LDCs on former colonial powers.
D)the inherent efficiency of developing country markets.

Question

Quizplus · Accepted Answer

The public choice approach emphasizes the self-interested behavior of public officials as a key factor in shaping development outcomes. This approach argues that public officials may prioritize their own interests over the public good, leading to inefficiencies and corruption in government policies and programs. It also emphasizes the importance of incentives and institutional design in shaping public behavior, and advocates for reforms that align the interests of public officials with those of the broader society. The other options are not central to the public choice approach to development.

In the Public Choice (Or New Political Economy)approach to Development