... relatively high predictability of legislation and investor rights protection, which reduces risks for unicorn companies. In countries with less developed legal fields, startups find it more challenging to attract significant investments due to concerns over asset protection. Digitization and Government Support for Innovations The level of digitization in society and direct government measures to support innovations play a significant role in creating conditions for unicorns. This involves how actively the ...

... military’s special role), ensures a flow of resources into the defense sector, and distracts the population from problems for which elites are responsible. Pakistani generals traditionally enjoy huge confidence, manage a vast network of commercial assets, and receive up to 20% of the national budget for defense needs—naturally, such a privileged role is justified by the existence of a powerful enemy. In India, the military, although under the control of civilian authorities, also has an interest ...