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The state-business relationship in the 1960s and 70s was a vertical one where the state led the private sector. The government made the plan, provided the necessary resources, and later evaluated the performance of the entrepreneurs who executed the plan. In the 1980s, however, the relationship...
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-American entrepreneurship : evidence from Stanford University alumni / Yong Suk Lee and Chuck Eesley -- Bridging and the success of Korean firms …
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