crony capitalism
Definitions
A form of capitalism in which success in business depends on corrupt close relationships with government officials, often implying favouritism.
Examples
“While many things can be blamed for the rampant crony capitalism in India (e.g., British imperialism, the License⟳ Raj, etc.), we are particularly interested in understanding what role cultural values play⟳ in fostering crony capitalism.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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