Owning the means of production by the state, rather than by individuals. This complex of economic measures is often used as a means to accelerate a country's economic development from small-scale and subsistence production to large-scale machine production, while developing the necessary organizational and managerial skills among the workforce.
State capitalism was the form used by the German Democratic Republic, the Korean Democratic People's Republic and the Democratic Republic of Vietnam to transit into their communist regimes. In so-called "developing" economies such as Egypt, India and Burma, state capitalism has been used to accelerate national economic development.
State capitalism and municipal or local government capitalism can be an important transitional strategy in the movement for social change.
State capitalism is an inefficient economic system with high levels of corruption possible.
The Encyclopedia of World Problems and Human Potential is a collaboration between UIA and Mankind 2000, started in 1972. It is the result of an ambitious effort to collect and present information on the problems with which humanity is confronted, as well as the challenges such problems pose to concept formation, values and development strategies. Problems included are those identified in international periodicals but especially in the documents of some 60,000 international non-profit organizations, profiled in the Yearbook of International Organizations.
The Encyclopedia includes problems which such groups choose to perceive and act upon, whether or not their existence is denied by others claiming greater expertise. Indeed such claims and counter-claims figure in many of the problem descriptions in order to reflect the often paralyzing dynamics of international debate. In the light of the interdependence demonstrated among world problems in every sector, emphasis is placed on the need for approaches which are sufficiently complex to encompass the factions, conflicts and rival worldviews that undermine collective initiative towards a promising future.
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