Wednesday, January 29, 2014

Excessive role of State-owned Economies

 Secondly, not only did these economies fail to implement market oriented reforms, they moved towards a growth regime based on state capitalism, wherein there is an excessive role of state-owned entities in the economy, he added.

 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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