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The State as Steward

In: ENTRUSTED Stewardship for Responsible Wealth Creation

Author

Listed:
  • BOON HWEE ONG
  • MARK GOYDER

Abstract

Governments do not have the option. They are stewards by nature. Governments, in general, would readily acknowledge their obligation “to be wholehearted and responsible in their management of the assets with which they have been entrusted so that they pass them on in a better condition”. This is the very definition of stewardship. The approach that the state takes towards wealth creation will, however, be a particularly vital determinant of its overall success. In economies around the world, in different forms and varying degrees, the role of the state in promoting responsible wealth creation with an emphasis on the long term is crucial…

Suggested Citation

  • Boon Hwee Ong & Mark Goyder, 2019. "The State as Steward," World Scientific Book Chapters, in: ENTRUSTED Stewardship for Responsible Wealth Creation, chapter 7, pages 153-181, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811207570_0007
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    More about this item

    Keywords

    Stewardship; Wealth Management; Business; Investment; Entrepreneurs; Wealth Creation; Management;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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