The FINANCIAL — As the coronavirus pandemic sparks calls for more state intervention, emerging economies face tough choices to determine whether an increased role for government will have positive or negative long-term consequences. The latest Transition Report from the European Bank for Reconstruction and Development (EBRD) says 45 per cent of people in the EBRD’s post-communist economies now favour higher levels of state ownership. Citizens also increasingly expect the state to be able to reduce the health and economic risks they face. Past epidemics have been shown to leave a large dent in people’s trust in the economic and political institutions that underpin…
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