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Business, 25.03.2021 16:30 tedrayoung1

According to Evans, some states foster long-term entrepreneurial perspectives among private elites by increasing incentives to engaging transformative investments and lowering risk. These states may not be immune to using social surplus for the ends of incumbents and their friends rather than those of the citizenry as a whole, but on balance the consequences of their actions promote rather than impend transformation. These states are characterized by high levels of investment in a capable bureaucracy that enjoys 'embedded autonomy' with society. Such states are called:

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