implement social reforms: general medical insurance, cash assistance for children,
increase pensions, the duration of holidays, reducing the working week [13, p. 279].
The Swedish model assumes all possible assistance in the development of the
private sector, employment, public regulation of the distribution of funds, the directing
of a significant part of state funds for the implementation of social programs.
Public regulation played a significant role in the economic development of
Germany (especially in the rebirth after the war), but its actions did not restrict free
competition.
The People's Republic of China (PRC) was made a unique model of regulation.
There did not begin to destroy the planned system, but they carried out gradual market
transformations. These transformations allowed the country to intensify its activities
on world markets, to enter the second world place in terms of foreign investment and
industrial production, ahead of all countries of the world in terms of agricultural
products (24% of world production), to take first place in coal mining, manufacturing
of ferrous metals, cotton fabrics, clothing, footwear [11, p. 75; 15, p. 264]. On the one
hand, these results are due to a large number of people and their needs. On the other
hand, the positive dynamics of production and foreign trade indicates the
competitiveness of goods, and sports achievements of attention to the comprehensive
development of the population, inherent in a prosperous economy. For public
regulation in China is characterised by flexible control for the needs of the state,
external factors. Market mechanisms predominate in the management of the
development of light industry; state planning is used in energy, transport, the
cultivation of cotton, grain. The ratio of the plan and the market varies depending on
the economic situation (with its deterioration the role of the plan increases) [10, p. 424].
Thus, public regulation ensures the success of socio-economic development of the
leading countries of the world. J. Stiglitz gives information on the high level of state
property in the primary industries of developed countries [15, p. 233]. Thus, the level
of state property of insured institutions exceeds 75% in all countries, the indicators of
which are being analysed, namely Austria, France, Germany, the Netherlands, Italy,
Japan, Spain, Sweden, United Kingdom, USA.
In Austria, more than 75% of the property belongs to the state in all primary
industries, except for shipbuilding (post, telecommunications, electricity, gas,
petroleum products, coal, railways, airlines, automotive, steel).
In France, state ownership is at least 75% in the following sectors:
telecommunications, postal services, electricity, gas, coal, railways, airlines, steel.
In the second place after the post on the degree of state property - the railways.
Only in the United States, the share of the state is 25%, in others - 75% and above. In
general, the US has a shareholding of less than 25% in most industries. In European
countries dominate state ownership.
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