In recent decades, close ties between politicians and massive corporate conglomerates have proven effective in driving Asian economies’ development. But by concentrating and entrenching market power, this system has fueled a sharp increase in income and wealth inequality, as well as a lack of beneficial competition. LONDON – The recent turmoil around the Adani Group […]
The post Should Asia’s Business Giants Be Broken Up or Broken Down? | by Simon Commander & Saul Estrin – Project Syndicate appeared first on CNBC News Today.
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