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Source :
Economist. 1/21/2012, Vol. 402 Issue 8768, Special section p17-18. 2p. 2 Color Photographs.
Publication Year :
2012

Abstract

The author offers opinions on so-called state capitalism, an economic system in which corporations either controlled by or partially owned by the government dominate a country's economy. It is argued that state capitalism is a system with inherent flaws that will limit it in competition with actual capitalist economies. Flaws include the so-called principal-agent problem in which executives manage a company in their own-self interest and the inherent weakness of governments as managers.

Details

Language :
English
ISSN :
00130613
Volume :
402
Issue :
8768
Database :
Academic Search Index
Journal :
Economist
Publication Type :
Periodical
Accession number :
70469321