... felt governments should actively mobilize capital for industrial investment. In some cases capital was then provided cheaply to industrialists to start private sector growth. In fundamental industries, like power generation, cement or steel production, governments invested in state-owned plants. Finally, there needed to be wide-scale changes in culture and populations needed to become less conservative and more ... The solution to the debt crisis was for governments to spend less, sell off assets that would be better run by the private sector (often including pubic utilities like power ...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate