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  1. Nov 2021
    1. Command economies

      Re. state enterprises --- That's a good observation, Ricardo. In fact, the enterprises do not need to be run by the State in a strict sense. Many very important companies are not run by the State in China, for example. Nevertheless, the State (and the communist party) are the guides for action, so when the government takes a stance on something, the companies tend to adjust and follow that position, even if they are not strictly obliged to do so.

      Source author: Marília Maciel MariliaM@diplomacy.edu

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