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A handful of privileged companies, like the Daewoo automobile assembly plant, are allowed to purchase dollars at about 700 som to the dollar.
All this makes them much more profitable than less privileged companies, providing further funds for investment.China's rapid transformation from a big importer of steel to a big exporter suggests that global production is moving there to take advantage of the exceptionally favourable investment climate.
The same goes for steel, aluminium, energy, finance and a host of other areas that the government deems "strategic .A more durable model for less privileged companies would involve more higher-margin activities, based on innovation and higher quality, with their home-grown brands to the fore.
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Those who enjoy this privileged company are not necessarily conscious that it is exclusive.
Air travel has come a long way from a half-century ago, when passengers were in privileged company, themselves and their bags handled with respect.
The American interest was reflected in increased trade (the old system of convoyed fleets was abandoned for individual sailings), the creation of privileged trading companies (1725), and the founding of new naval arsenals at Ferrol and Cartagena (1726).
Not only did he personally lay down the lines of Denmark's mercantilistic policy, he even established the import duties; he started state-subsidized and privileged trading companies and manufacturies all of them with no marked success and insisted on auditing their accounts personally.
The agreements currently being negotiated allow foreign investors, such as tobacco companies, privileged access to huge compensation payments for democratically-made decisions that might threaten their future profits.
In exchange, the South Americans said they would consider offering European companies privileged access to new investments in service sectors, particularly telecommunications and banking.
Consultancies employ a high proportion of the brightest young business minds, and devote large resources to developing ideas, based on their privileged access to companies in different countries and industries.
The S.E.C. charges that four consultants leaked privileged information about companies like Advanced Micro Devices, Apple and Dell to hedge fund managers and others eager to get an edge in the markets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com