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Friday, May 11, 2018
World Calls for More "Big Governments" with Increase of Welfare
ANBOUND

The free market economy prefers "small government" while regarding "big government"(the government that intervenes and dominates more economic resources) as an inefficient government management method. However, as various countries have made more demands for the expansion of welfare, the views of different countries on small and large governments have also changed. Anbound's chief researcher Chan Kung pointed out that whether it is China that ignores the establishment of public services and welfare in the process of marketization, or the United States affected by industrial transfer and by the decline of the manufacturing industry in the globalization, it is necessary for the state to increase welfare provision. Chan Kung predicted that in the future, the role of the government will be even greater, and a super-power might even emerge, because the world today needs such a super-welfare role.

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