Imagine that you are member of a team which attempts to outline future risks and opportunities for the EU. Specifically, you have been asked for an opinion on the future of countries with the state capitalism model. Therefore, prepare a memo that will:

1) Outline what the term means. Are there any specific or distinct versions of state capitalism?

2) Outline the system's main advantages and weaknesses. Do not forget to discuss the stability of the model.

3) Attempt to speculate on its implications for the future development of the countries with such a model - compare it with either the "managerial capitalism" in general or with a particular variety of market economy that can be found in an EU country.