A summary of the Market Engagement Sourcebook
It is crucial to create an enabling legal environment so that citizens may participate in the market and a state can capitalize on its own economics advantages. A state aids the creation and expansion of the market through setting rules for commercial policy, supporting private sector development, and intervening at times of failure or crisis. A state’s relationship with a market is highly context specific, with institutional structures changing with time and circumstance. It is in this tense but creative middle ground where a state must balance regulation while promoting competitiveness, legitimacy, and access.