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Since the emergence of the Washington Consensus, there has been consistent emphasis in the need to improve the functioning of markets in developing economies. In
Since the emergence of the Washington Consensus, there has been consistent emphasis in the need to improve the functioning of markets in developing economies. In the last couple of decades, that emphasis puts increasing weight on the need to reduce obstacles that lead to misallocation and that tax investment. List a few examples/reasons why this policy recommendation might make sense?
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