Financing growth: private portfolios and public investment
Abstract:The evidence from the financial crisis is of a modern market economy where returns from investment were and will continue to be much lower than expected; and that, despite the ideology of the past thirty years, the state cannot be neutral in the investment flows of a modern economy. Together these two points can support, not only the case for a National Investment Bank, but also a much deeper rethink of how the state should re-involve itself in investment.
Document Type: Research Article
Publication date: July 20, 2012
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