Many developing countries make the government budget one of the primary tools of long-run industrial development,with the government owning and operating industries such as steel mills,airlines,and phone companies.

Question

Quizplus · Accepted Answer

This statement is true. Many developing countries have used government ownership and operation of industries as a way to promote long-term industrial development. Examples of industries that have been owned and operated by governments in developing countries include steel mills, airlines, and phone companies.

Many Developing Countries Make the Government Budget One of the Primary