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The Rise of Innovative State Capitalism

by Joshua Kurlantzick
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. 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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  • Posted by Antoine

    This article makes the odd claim that State Capitalism is a new trend while totally omitting that this system became the norm in developed countries since the 1930′s. Since then, Government spending has been the major driver of growth and development.

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