ECONOMICS, GOVERNMENT, SOCIAL RESPONSIBILITY
Meaning of crony capitalism in English
(Definition of crony capitalism from the Cambridge Business English Dictionary © Cambridge University Press)
Examples of crony capitalism
crony capitalism
However, crony capitalism is generally associated with more virulent government intervention.
This suggests that crony capitalism and inclusive capitalism may have overlapping interests.
It aims to indicate whether the livelihood of the people from certain country or city with capitalist economy are easily affected by crony capitalism.
There is still a possibility of crony capitalism in those industries, but the rough categorization of the index makes it less reliable.
The next few years was also characterized by strong economic performance with the rise of exports and booming of investment alongside with rise of capital flight and crony capitalism.
These include "laissez-faire" capitalism, welfare capitalism, crony capitalism and state capitalism; each highlighting varying degrees of dependency on markets, public ownership, and inclusion of social policies.
Crony capitalism is much easier than competing in an open market.
The result is rampant corruption, 'crony capitalism', and all manner of fraud and cheating.
From the Cambridge English Corpus
It is what we describe as crony capitalism.
The transparency that any general framework of rules would bring with it in this area would be very helpful to combat corruption, unacceptable practices and, indeed, crony capitalism generally.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
