Nationalization of Strategic Industries and Finance-Industry Relationships
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Nationalization of important branches of the economy
Many strategic branches of the economy were nationalized in many countries, for example, heavy industries like iron and steel or shipbuilding, network industries such as telecommunications and electricity (which were considered natural monopolies).
Finance/Industry relationship
●The Anglo-Saxon model is different and firms rely more on capital markets for the provision of finance.
●In Germany banks have been heavily engaged with industrial capital in durable relationships based on long-term success. The interlocking relationships between financial and industrial capital have provided stability, a healthy flow of information to the financial institutions which in turn has helped firms to obtain... Continue reading "Nationalization of Strategic Industries and Finance-Industry Relationships" »