Download Free Electronic Document

FormatFile SizeNotes
PDF file 0.7 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.


Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback13 pages $20.00 $16.00 20% Web Discount

This Note reviews the altered role of market forces, considers their future prospects, and reflects on what U.S. policies toward market forces should be. The rise of market forces around the world in the past decade has made the international economic landscape of the 1990s fundamentally different from that of earlier decades, raising anew the cardinal policy issue of the appropriate roles and relative scale of government and markets—to what extent should markets or governments determine the allocation, use, and distribution of resources? The author discusses market-oriented policies in the "three worlds" (the industrialized nations, communist countries, and developing nations), and reasons for the rise of market forces, and outlines relevant policies and implications.

This report is part of the RAND Corporation Note series. The note was a product of the RAND Corporation from 1979 to 1993 that reported other outputs of sponsored research for general distribution.

This research in the public interest was supported by RAND, using discretionary funds made possible by the generosity of RAND's donors, the fees earned on client-funded research, and independent research and development (IR&D) funds provided by the Department of Defense.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.