The Rise of Innovative State Capitalism
June 29, 2012
In his new article for Bloomberg Businessweek, Kurlantzick argues that the Chinese government has intervened effectively to promote skilled research and development in advanced industries (David Gray/Courtesy Reuters).
Although government-led economic intervention runs counter to established wisdom that the market is best for promoting ideas, the international rise of state capitalism in recent years has suggested that state-supported industries are indeed capable of fostering innovation.
In my new piece for Bloomberg Businessweek, I explore the rise of state capitalism, its innovative potential, and the lessons that U.S. and European businesses and governments should draw from this phenomenon. You can read the piece in its entirety here.
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