State capitalism has become popular in emerging markets other than China, such as Russia, India, and Brazil.
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Question:
State capitalism has become popular in emerging markets other than China, such as Russia, India, and Brazil. What is the primary objective of state capitalism? Choose one of the following:
1. To stimulate economic development by investing government-controlled resources
2. To allow the government to play a dominant role in controlling the wealth that markets generate
3. To improve institutional frameworks and reduce institutional voids
4. To help domestic firms compete with foreign entrants
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