From the 1930s to the 1970s, development was primarily state-led in both capitalist and socialist countries.

Question

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During this period, many countries around the world, regardless of their capitalist or socialist orientation, adopted state-led development strategies. This approach involved significant government intervention in the economy, including planning, investment in infrastructure, and in some cases, the nationalization of key industries.

From the 1930s to the 1970s, Development Was Primarily State-Led