Explain why you agree with the premise:

GOVERNMENT INTERVENTION(S) IS/ARE THE MOST EFFECTIVE WAY TO CORRECT MARKET FAILURES AND ENSURE A SMOOTH FUNCTIONING OF MARKETS TO ENHANCE THE BENEFIT OF ALL.

Highlight the concept of market failures and mention which are those market failures and must be mentioned the concept of imperfect competition as an example of market failure (use at least 2 of the readings attached or other related)

It must develop also the concept of state failures as comparison of market failures, the conclusion must be related with the premise that Government intervention ensures a smooth functioning of the markets, increasing the general welfare, as long as the design of the intervention mitigates the failures that state intervention also generates.

ESTRUCTURE:
Intro
One paragraph (max 2- 4 sentences) summarising the debate/ main problem and outline what the paper will do (“this paper…”) – and mention the key points .
Body
Develop each key points
Bring evidence
Discuss the authors pov (not your own)
Conclusion
Restate argument
how did points match up with the argument

REFERENCES:
At least three of this as a mandatory:
– Adam Przeworksi. 1991. Democracy and the Market: Political Reforms in Eastern Europe and Latin America.

– Peter Kingstone. 2010. The Political Economy of Latin America: Reflections on Neoliberalism and Development. Routledge.
– Fosu, Augustin. 2003. “Introduction: Development Success: Historical Accounts from More Advanced Countries,” in Augustin Fosu (ed.) Development Success: Historical Accounts from the More Advanced Countries.

– Evans, P. (1992) The State as Problem and Solution: Predation, Embedded Autonomy, and Structural Change.

– Waldner, D. (1999). Chapter 1, from State building and late development.

– Kuczynski, P. (1988). A Latin America Problem, from Latin American debt.

– Karl Polanyi, 2001. The Great Transformation: The Political and Economic Origins of Our Time. Beacon Press.

Adittional notes:
Examples/data must contain also information of imperfect competition from countries of a developing country.