Word: sectored
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...anti-trust policies--as they affect the pace and direction of economic development, and every nation has an industrial policy. Some of them are good or bad. In the United States, we have a fairly elaborate industrial policy. Almost half of our research and development support for the private sector comes from government. Upwards of 70% to 80% of basic research and development comes from the government. We have a quite elaborate anti-trust and trade policy, with regard to creating barriers to entry or producing barriers to entry for various industries. My interest is the relationship between these micro...
Reich: There is not a perfect match between private sector decision making, what's good for the shareholders, and what is good for the country. If you acknowledge that there is an imperfect match, then you're back at the first questions we raised: can you fix it, and should you try, and what are the negative side effects of trying...
Reich's concept of industrial policy centers on coordinating branches of the government toward focused economic objectives--in short, introducing greater planning and centralization into the country's manufacturing sector...
...concern for Starr is the fate of public institutions--an interest that seems to have grown out of his abiding belief in a non-ideological liberalism. Liberals, he says, recognize the usefulness of both public and private institutions; but Starr expresses concern that currently, "the enthusiasm for the private sector is obscuring a lot of the ways in which public institution create a sense of civic life...
Last October, he applied to the B-School. Although he has no definite career plans, he says he hopes to return to China to work either in its growing private sector or in a multinational firm...