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Family Control and the Rent-Seeking Society

Abstract

The small number of very large family-controlled corporate groups in many countries combined with their long continuity of control and ability to act discretely give these organizations a comparative advantage in political rent-seeking. This advantage is a key part of a self-reinforcing system whereby oligarchic family corporate control, political rent seeking, and low general levels of trust combine to stymie growth.http://deepblue.lib.umich.edu/bitstream/2027.42/39971/3/wp585.pd

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