The Business of the State

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The book explores the complex role of state ownership in businesses and its effects on economic growth and investment. It examines how government involvement in commercial markets, whether through production control or minority shareholding, influences economic dynamics. The analysis highlights that the outcomes of state participation are contingent on the nature of public-private ownership, the specific markets involved, and the regulatory frameworks governing these entities. Understanding these factors is crucial for assessing the overall impact on economic development.