Caroline Varin: The uprisings in the Middle East and North Africa have highlighted the power of the masses against regimes that have failed to deliver essential public services. Yet instead of looking on in the West, people there should look at how their state is also failing to provide with privatization.
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With regard to the global slowdown, it would be wise if China privatized state-owned assets in order to transform China’s growth model from being export-driven to being stimulated by domestic consumption. ++ Even if the country’s assets in government hands supported the emergence of an industrialized economy in the past, it is time for the government to share the wealth through economic growth
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