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Business & Economy
State capitalism and globalization PDF Print E-mail
By Alazar Kebede   
Tuesday, 08 July 2014 06:09

Across the United States, Europe, and much of the rest of the developed world, the recent wave of state interventionism is meant to lessen the pain of the current global recession and restore ailing economies to health. For the most part, the governments of developed countries do not intend to manage these economies indefinitely. However, an opposing intention lies behind similar interventions in the developing world: there the state's heavy hand in the economy - State capitalism - is signaling a strategic rejection of free-market doctrine. Add a comment

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