7Conclusion
Contemporary economies are organized around complex corporate sectors that often consist of interconnected private, publicly traded, and state-owned assets. Corporate entities take various forms. How all these different corporations are governed shapes the trajectory, the quality, and the sustainability of a country’s economic development.
The historical analysis has demonstrated that corporate governance systems are the most effective when supported by inclusive state institutions. High-capacity inclusive institutions are those which resist penetration by extractive actors and through transparent and accountable measures work to strengthen the effective regulatory system of the country. High-capacity ...
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