Abstract
In numerous instances in advanced industrial economies the state has acquired or established enterprises and become a producer. It has done so because private capital, especially foreign, was apathetic or hostile towards its economic development priorities. But in assuming this role the state is not necessarily becoming aloof from international finance or the world economy. Professor Laux's examination of three state-owned enterprises in Canada shows that such undertakings in an open economy cannot succeed except by establishing links with international networks of production and exchange.
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