Thing 12
Governments can pick winners
Governments can pick winners
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terms
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notes
[...] the government picking winners may hurt some business interets but it may produce a better outcome from a social point of view.
the examples he gives: Korean govt telling LG to enter the electronics (and not the textile) industry, and Hyundai to enter the shipbuilding industry
[...] the government picking winners may hurt some business interets but it may produce a better outcome from a social point of view.
the examples he gives: Korean govt telling LG to enter the electronics (and not the textile) industry, and Hyundai to enter the shipbuilding industry