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About:
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But more often, governments weren't particularly good at choosing winners and were even worse at weeding out unproductive but politically connected companies. There were initial economic gains: GDP surged ahead in many countries, as did local manufacturing of steel, chemicals, cars, and all sorts of consumer goods. The United States has already taken steps in this direction, using its central role in global finance to force European companies to divest from Iran and Indian refiners to turn away Venezuelan oil.
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