In state-guided capitalism, the government decides which sectors will grow. Initially motivated by a desire to foster growth, this type of capitalism has several pitfalls: excessive investment, picking the wrong winners, susceptibility to corruption, and difficulty withdrawing support when it is no longer appropriate.
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Guided-capitalism definition: (economics) A capitalist economic system with some variety of state guidance.
1948, David McCord Wright, Democracy and Progress , page 179: It has been called a policy of "guided capitalism," and seeks to "preserve free enterprise" by ...
A state-capitalist country is one where the government controls the economy and essentially acts as a single huge corporation, extracting surplus value from the ...
It classifies capitalist economies into four categories: oligarchic capitalism, state-guided capitalism, big-firm capitalism, and entrepreneurial capitalism.
They first describe bad systems in which national economies are formed by way of state‐guided capitalism in which national governments pick winning firms, ...
In state-guided capitalism, the government decides which sectors shall grow. This type of capitalism is found in many countries, but has been most common in ...
DOI link for Guided Capitalism ... Chapter 2 discussed Japanese policies to borrow foreign technology. This chapter examines Japan's guided capitalism ...
Feb 2, 2024 · The primary issue in Indonesia is that private companies control and possess energy resources, prioritizing profit over the people's welfare ...
1. (economics) A capitalist economic system with some variety of state guidance.