My column this month considers the extraordinary increase of state power in the economy that results from the financial crisis. While massive intervention was justified by the emergency circumstances, the question now is how governments will use (or abuse) their newfound economic power or whether they will scale it back to maximize competitiveness. Early indications suggest that the risk of overreach is real.
Click here to read the column, which was also published by PIIE, Bruegel, La Tribune, Forbes Russia, Referans, and Czech Business Weekly.
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