Читать книгу The Sovereign Economic Model. A manifesto for rising nations - Stefan Demetz - Страница 6

Generally, private businesses prefer short-term investments, i.e., financial allocations have the best potential return on investment (ROI). But they also use KPIs such as return on assets (ROA), return on equity (ROE), or similar indicators to reap profits as quickly as possible. R&D and long-term investments are frowned upon because risk, long holding times, and uncertainties might reduce profits or even turn potential profits into losses.

Conversely, a government has longer-term strategic industry-wide or countrywide perspectives. So a government has the duty to reconcile the short-term views of private players with the long-term perspectives of government. Using carrot and stick, a government can require an industry to upgrade and become increasingly future-proof. Carrots are generous government support for development in new market sectors; sticks are strict regulation. A solid sovereign government can usually get its way even without imposing regulations. A compromise and a win-win situation are always the best paths forward for both government and investors.