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The type of the financial system used depends on economic condition of each country for example it is hard for countries in transition to follow the market oriented financial system because lack of expertise in this area. The more the country gets developed the financial system steadily moves towards the market oriented financial system. ) Local planning policy and development regulations are often framed within a general world view that presumes communities can be designed or built as permanent features of society. This approach views whole communities as similar to its individual components -- the buildings, bridges, parks, or other physical elements of a community. Planning, presumably, simply arranges the components together to fit some idealized community as determined by planners or other policymakers. Contemporary planning views markets with skepticism and suspicion. Market-driven development, many planners believe, is driven by the short-term (and narrow) interests of property owners and land developers. Thus, they believe, markets tend to maximize short-term private profits at the expense of the public interest. An implicit, underlying theme of much planning theory is that market behavior is uncoordinated or unordered. Planning theory implicitly assumes that voter involvement in specific land-use decisions is socially efficient and beneficial. This assumption is most clearly evident in recent trends toward "ballot box zoning," where planners have almost universally heralded this trend as another way of encouraging citizen participation in local planning issues and land development.

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15y ago

The type of the financial system used depends on economic condition of each country for example it is hard for countries in transition to follow the market oriented financial system because lack of expertise in this area. The more the country gets developed the financial system steadily moves towards the market oriented financial system.

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