Another way to see economic states as zombie-like comes from this take on quantitative easing.
John Plender of the Financial Times, citing some new research from JP Morgan, argues that zombification is an inevitable result of distorting the price of capital.
The main historical example is from East Asia:
[L]ow funding costs in Japan have impeded the process that Joseph Schumpeter dubbed creative destruction because “zombie” companies have been kept afloat at high cost to the competitiveness of others.
Read on for the explanation.