Many of the arguments of the neoclassical counterrevolutionaries, especially those related to the inefficiency of state- owned enterprises and the failures of development planning (see Chapter 11) and the harmful effects of government-induced domestic and international price distortions (see Chapters 7, 12, and 15) are as well taken as those of the dependence and structuralist schools. By contrast, the unquestioning exaltation of free markets and open economies along with the universal disparagement of public-sector leadership in promoting growth with equity in the developing world is open to serious challenge.