Growth and development cannot be left completely to the Market.
Rational markets have short-term interests that can run contrary to long-term collective interests.
The role of State as a market facilitator has been increasingly challenged.
State can be empowered to drive certain economic outcomes in line with long-term collective interests.
Nevertheless, it is important to recognise the limits of any policy solution.
A silver bullet does not exist. All policies entail costs and benefits, with winners and losers.