The State as a Platform for the Generation of Value and Wealth
Developing economies face a persistent dilemma. When the public sector becomes the primary engine of growth, it may generate short term expansion, but often at the expense of rising debt, structural deficits, and a gradual erosion of trust in the fiscal and institutional foundations of the economy. When, on the contrary, the State withdraws and leaves development almost entirely to the market, growth can become uneven, concentrated, and excessively reliant on volatile, finite resources, such as oil, gas, mining, or low value added agricultural activities. Neither of these approaches, on its own, has consistently demonstrated the capacity to generate the sustained increase in productivity, economic complexity, and human capabilities required to transform a country's long term trajectory. There is, however, a third possibility: conceiving the State as a platform. This approach adopts the logic of the platform models developed by major technology companies, where core value does not s...