Effective state-business relations, industrial policy and wealth creation
When the state and business interact effectively, they can promote more efficient allocation of scarce resources, conduct a more appropriate industrial policy, remove the biggest obstacles to growth and create wealth more efficiently. This note explains why effective interactions between state and business matter for wealth creation.
This essay is included in the publication Effective State-Business Relations, Industrial Policy and Economic Growth.
Essay from ‘Effective State-Business Relations, Industrial Policy and Economic Growth’, edited by D. Willem te Velde. 2 pp.