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The state-oriented model

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The state-oriented model is based on a direct role for government in the affairs of large concerns in the public interest. Widely supported before World War II, its further adoption was inspired by the postwar interventionist policies of the Japanese and French governments through indicative planning with their large firms. Such policies prevailed during the astonishing resurgence of Japan and les trente glorieuses, the thirty glorious years in which France enjoyed its own revival.

Creating Risk Capital

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