Running head: ARTICLE SUMMARY1Article Summary: Building an economy: Government planning vs. entrepreneurial innovationYour nameInstitutionARTICLE SUMMARY2Article SummaryThe main point that the article addresses is whether it is realistic for the government toturn innovations into the commercial marketplace when it is funded by tax-payers money. Inwhat has been conventionally done in the US, the commercial market has always beendominated by a chaotic entrepreneurial process. The private sector, however, may not be in aposition to come up with innovations independently without government involvement.Industrial planning is never an easy process. According to the article, proposing that thenational government funds the whole process of industry creation sounds to be a good idea. Thisapproach would work because of such factors as subsidies and incentives that the governmentcan use to accelerate the growth rate of industries. Even though this approach sounds to be great,it usually faces a lot of troubles when implementing it. For instance, the easily accessed statemoney results in uncompetitive cost structures, and such companies are likely to been whollyowned by ...
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