Explaining State Capitalism: What is it and How Does it Work?
State capitalism is an economic system in which the government has control or ownership over key industries and resources, while allowing private enterprise to operate in other areas of the economy. The government uses its resources to promote economic growth and development, and may invest in strategic industries and infrastructure to create jobs and generate revenue. State capitalism is typically used by developing countries to promote economic growth, and can also be used to promote strategic objectives such as reducing dependence on foreign imports or developing new technologies. However, state capitalism can also be criticized for inefficiencies and corruption, and for limiting the ability of citizens to pursue their own economic goals.
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• Explaining State Capitalism: What is ...
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