' s ▁economy ▁includes ▁a ▁number ▁of ▁state - owned ▁enter pr ises , ▁but ▁the ▁Taiwan ese ▁state ' s ▁role ▁in ▁the ▁economy ▁shift ed ▁from ▁that ▁of ▁an ▁entrepr ene ur ▁to ▁a ▁minor ity ▁invest or ▁in ▁companies ▁alongside ▁the ▁dem ocrat ization ▁ag enda ▁of ▁the ▁late ▁ 1 9 8 0 s . ▁ ▁Some ▁Taiwan ese ▁econom ists ▁refer ▁to ▁Taiwan ' s ▁economy ▁model ▁as ▁party - state ▁capital ism . ▁ ▁Norway ▁ ▁The ▁government ▁of ▁Norway ▁has ▁ownership ▁st akes ▁in ▁many ▁of ▁the ▁country ' s ▁largest ▁public ly ▁listed ▁companies , ▁ow ning ▁ 3 7 % ▁of ▁the ▁Os lo ▁stock market ▁and ▁oper ates ▁the ▁country ' s ▁largest ▁non - list ed ▁companies ▁including ▁Stato il ▁and ▁Stat k raft . ▁The ▁government ▁also ▁oper ates ▁a ▁so ver eign ▁wealth ▁fund , ▁the ▁Government ▁P ension ▁Fund ▁of ▁Norway , ▁whose ▁partial ▁objective ▁is ▁to ▁prepare ▁Norway ▁for ▁a ▁post - o il ▁future . ▁ ▁Modern ▁Norwegian ▁state ▁capital ism ▁has ▁its ▁orig ins ▁in ▁public ▁ownership ▁of ▁the ▁country ' s ▁oil ▁res erves ▁and ▁in ▁the ▁country ' s ▁post - World ▁War ▁II ▁social ▁dem ocr atic ▁re forms . ▁ ▁Singapore ▁ ▁Singapore ' s ▁government ▁own s ▁cont rolling ▁shares ▁in ▁many ▁government - link ed ▁companies ▁and ▁direct s ▁invest ment ▁through ▁so ver eign ▁wealth ▁funds , ▁an ▁arrangement ▁commonly ▁c ited ▁as ▁state ▁capital ism . ▁Singapore ▁has