Download or read book Confronting the Challenges of State Capitalism written by Julien Chaisse and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter explores the phenomenon of state-controlled enterprises (SCEs) by assessing, in the first part, the emergence of state capitalism from a political-economic perspective. In the second part, the chapter examines the concept of SCE and the panoply of SCEs' structures with a diversity of shapes, degrees, and elements of governmental control. The third part of the chapter investigates the regulatory complexity and the normative tensions triggered by the rise of SCEs as actors in international law. Eventually, the chapter provides an overview of the chapters that compose the book and address the core theme from a broad range of SCEs and international economic regulations, including but not limited to competition law, WTO law, investment law, financial and monetary law.
Download or read book State Capitalism written by Lalita Som and published by Oxford University Press. This book was released on 2022-01-12 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The crises emanating from the Global Financial Crisis and the COVID-19 Pandemic have underscored, the emergency role of the State and its smooth, seamless reactivation, for situations when private activity and markets are disrupted. In many countries, SOEs have been a crucial part in delivering on that effort as agents of the State. While SOEs are increasingly sought to play a role during emergency situations, evidence suggests that they misallocate capital and mismanage resources. This is indicative of the conflicts of interests in owning and regulating enterprises as well as between the commercial and non-commercial objectives of SOEs, crony capitalism, the private agenda of public officials, internal management of SOEs, the significant role played by state owned banks and financial institutions and the conflicts that arise in the State's primary role vs. its ownership of enterprises. The studies of eight countries from different regions undertaken for this book, provide answers to these key policy questions related to state capitalism. Generalizing from the results of multi-country studies to arrive at universally applicable predictions, prescriptions, and policy recommendations, is inherently difficult. Individual countries are quite different in their socio-economic, historical, political, and institutional circumstances. So are their experiences, as the eight country studies highlight, even as the book attempts to extrude, from available research, the principal common characteristics of, and practices followed by, successful SOEs independently of country context. Among other conditions, the two most important conclusions that can be drawn from the country studies are that competition and regulation rather than ownership per se is key to efficiency.
Download or read book State Capitalism written by Lalita S. Som and published by . This book was released on 2022 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The studies of eight countries from different regions undertaken for this book provide answers to key policy questions related to state capitalism and state-owned enterprises.
Download or read book State Capitalism written by Joshua Kurlantzick and published by Oxford University Press. This book was released on 2016-03-08 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of the Cold War ushered in an age of American triumphalism best characterized by the "Washington Consensus:" the idea that free markets, democratic institutions, limitations on government involvement in the economy, and the rule of law were the foundations of prosperity and stability. The last fifteen years, starting with the Asian financial crisis, have seen the gradual erosion of that consensus. Many commentators have pointed to the emergence of a powerful new rival model: state capitalism. In state capitalist regimes, the government typically owns firms in strategic industries. Not beholden to private-sector shareholders, such firms are allowed to operate with razor-thin margins if the state deems them strategically important. China, soon to be the world's largest economy, is the best known state capitalist regime, but it is hardly the only one. In State Capitalism, Joshua Kurlantzick ranges across the world--China, Thailand, Brazil, Russia, South Africa, Turkey, and more--and argues that the increase in state capitalism across the globe has, on balance, contributed to a decline in democracy. He isolates some of the reasons for state capitalism's resurgence: the fact that globalization favors economies of scale in the most critical industries, and the widespread rejection of the Washington Consensus in the face of the problems that have plagued the world economy in recent years. That said, a number of democratic nations have embraced state capitalism, and in those regimes, state-backed firms like Brazil's Embraer have enjoyed considerable success. Kurlantzick highlights the mixed record and the evolving nature of the model, yet he is more concerned about the negative effects of state capitalism. When states control firms, whether in democratic or authoritarian regimes, the government increases its advantage over the rest of society. The combination of new technologies, the perceived failures of liberal economics and democracy in many developing nations, the rise of modern kinds of authoritarians, and the success of some of the best-known state capitalists have created an era ripe for state intervention. State Capitalism offers the sharpest analysis yet of what state capitalism's emergence means for democratic politics around the world.
Download or read book State Capitalism Contentious Politics and Large Scale Social Change written by and published by BRILL. This book was released on 2011-03-22 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: State capitalism is back. It never went away. This book looks at the role of state capitalism in major European and Asian societies. It confronts neo-liberal pieties about the role of markets and private property in capitalist development and radical accounts which see the state as the antithesis of capitalism. State capitalism is a normal form of capitalist development. Its extremes may vary but it has been, and remains, central to an understanding of modern capitalism. This is especially the case in the so called Communist and Communist worlds of Russia and China, and for alternative economies like that of India and the Philippines, which are the focus of this timely and challenging book.
Download or read book Varieties of Capitalism written by Peter A. Hall and published by Oxford University Press. This book was released on 2001 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.
Download or read book State Capitalism in the Economy of the United States written by Paul K Crosser and published by . This book was released on 2012-04-01 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Challenge of Refurbished State Capitalism Implications for the Global Political Economic Order written by Christopher A. McNally and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Will the global financial crisis of 2008 represent a symbolic juncture in the geo-economics of globalization? There are differing views, with some arguing that the Washington Consensus is dead, while others holding that the fundaments of the neo-liberal global order remain intact. This article engages with this debate by putting three distinct questions analytically prior: First, is there a political economic model that actually stands in contradistinction to the Washington Consensus and the neo-liberal global order? Second, if there is a potential challenge to the neo-liberal order, what exactly is it? And third, if such a challenge exists, what precisely is its nature and logic as it interacts with the neo-liberal global order? This article argues that there is, indeed, a challenger: refurbished forms of state capitalism. However, the nature and logic of the state capitalist challenge to the U.S.-centered neo-liberal system is fundamentally different from the Soviet challenge dur
Download or read book The Future of Capitalism written by Paul Collier and published by HarperCollins. This book was released on 2018-12-04 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bill Gates's Five Books for Summer Reading 2019 From world-renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it. Deep new rifts are tearing apart the fabric of the United States and other Western societies: thriving cities versus rural counties, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now. In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts—economic, social and cultural—with the cool head of pragmatism, rather than the fervor of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession. Drawing on his own solutions as well as ideas from some of the world’s most distinguished social scientists, he shows us how to save capitalism from itself—and free ourselves from the intellectual baggage of the twentieth century.
Download or read book Capitalism and Its Discontents written by and published by Hoover Press. This book was released on with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cooperatives Confront Capitalism written by Peter Ranis and published by Zed Books Ltd.. This book was released on 2016-08-15 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cooperatives the world over are successfully developing alternative models of decision-making, employment and operation without the existence of managers, executives and hierarchies. Through case studies spanning the US, Latin America and Europe, including valuable new work on the previously neglected cooperative movement in Cuba, Peter Ranis explores how cooperatives have evolved in response to the economic crisis. Going further yet, Ranis makes the novel argument that the constitutionally enshrined principle of 'eminent domain' can in fact be harnessed to create and defend worker cooperatives. Combining the work of key radical theorists, including Marx, Gramsci and Luxemburg, with that of contemporary political economists, such as Block, Piketty and Stiglitz, Cooperatives Confront Capitalism provides what is perhaps the most far-reaching analysis yet of the ideas, achievements and wider historical context of the cooperative movement.
Download or read book 23 Things They Don t Tell You about Capitalism written by Ha-Joon Chang and published by Bloomsbury Publishing USA. This book was released on 2011-01-02 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: INTERNATIONAL BESTSELLER "For anyone who wants to understand capitalism not as economists or politicians have pictured it but as it actually operates, this book will be invaluable."-Observer (UK) If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan. Chang, the author of the international bestseller Bad Samaritans, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, "How to Rebuild the World," Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market.
Download or read book Regulatory Capitalism written by John Braithwaite and published by Edward Elgar Publishing. This book was released on 2008 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this sprawling and ambitious book John Braithwaite successfully manages to link the contemporary dynamics of macro political economy to the dynamics of citizen engagement and organisational activism at the micro intestacies of governance practices. This is no mean feat and the logic works. . . Stephen Bell, The Australian Journal of Public Administration Everyone who is puzzled by modern regulocracy should read this book. Short and incisive, it represents the culmination of over twenty years work on the subject. It offers us a perceptive and wide-ranging perspective on the global development of regulatory capitalism and an important analysis of points of leverage for democrats and reformers. Christopher Hood, All Souls College, Oxford, UK It takes a great mind to produce a book that is indispensable for beginners and experts, theorists and policymakers alike. With characteristic clarity, admirable brevity, and his inimitable mix of description and prescription, John Braithwaite explains how corporations and states regulate each other in the complex global system dubbed regulatory capitalism. For Braithwaite aficionados, Regulatory Capitalism brings into focus the big picture created from years of meticulous research. For Braithwaite novices, it is a reading guide that cannot fail to inspire them to learn more. Carol A. Heimer, Northwestern University, US Reading Regulatory Capitalism is like opening your eyes. John Braithwaite brings together law, politics, and economics to give us a map and a vocabulary for the world we actually see all around us. He weaves together elements of over a decade of scholarship on the nature of the state, regulation, industrial organization, and intellectual property in an elegant, readable, and indispensable volume. Anne-Marie Slaughter, Princeton University, US Encyclopedic in scope, chock full of provocative even jarring claims, Regulatory Capitalism shows John Braithwaite at his transcendental best. Ian Ayres, Yale Law School, Yale University, US Contemporary societies have more vibrant markets than past ones. Yet they are more heavily populated by private and public regulators. This book explores the features of such a regulatory capitalism, its tendencies to be cyclically crisis-ridden, ritualistic and governed through networks. New ways of thinking about resultant policy challenges are developed. At the heart of this latest work by John Braithwaite lies the insight by David Levi-Faur and Jacint Jordana that the welfare state was succeeded in the 1970s by regulatory capitalism. The book argues that this has produced stronger markets, public regulation, private regulation and hybrid private/public regulation as well as new challenges such as a more cyclical quality to crises of market and governance failure, regulatory ritualism and markets in vice. However, regulatory capitalism also creates opportunities for better design of markets in virtue such as markets in continuous improvement, privatized enforcement of regulation, open source business models, regulatory pyramids with networked escalation and meta-governance of justice. Regulatory Capitalism will be warmly welcomed by regulatory scholars in political science, sociology, history, economics, business schools and law schools as well as regulatory bureaucrats, policy thinkers in government and law and society scholars.
Download or read book Open Varieties of Capitalism written by U. Becker and published by Springer. This book was released on 2009-07-08 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting capitalisms as open, system-like configurations, this book argues four ideal-typical varieties (liberal, statist, corporatist, meso-communitarian) and analyzes the socio-economic performances of advanced capitalisms.
Download or read book Cooperatives Confront Capitalism written by Peter Ranis and published by . This book was released on with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why worker cooperatives? The historical underpinnings and defense of worker cooperatives -- The role of the state and the US social economy -- Worker cooperatives in the post-Occupy digital economy -- Argentina's cooperative challenges and breakthroughs -- Argentina's leading edge -- The proliferation and internationalization of the Argentine cooperative experience -- Eminent domain: confronting the loss of jobs in the United States -- Building toward worker cooperatives by the use of eminent domain in the United States -- Cuban cooperatives as a gateway to economic democracy -- Toward worker autonomy in the United States.
Download or read book People Power and Profits Progressive Capitalism for an Age of Discontent written by Joseph E. Stiglitz and published by W. W. Norton & Company. This book was released on 2019-04-23 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Nobel prize winner challenges us to throw off the free market fundamentalists and reclaim our economy. We all have the sense that the American economy—and its government—tilts toward big business, but as Joseph E. Stiglitz explains in his new book, People, Power, and Profits, the situation is dire. A few corporations have come to dominate entire sectors of the economy, contributing to skyrocketing inequality and slow growth. This is how the financial industry has managed to write its own regulations, tech companies have accumulated reams of personal data with little oversight, and our government has negotiated trade deals that fail to represent the best interests of workers. Too many have made their wealth through exploitation of others rather than through wealth creation. If something isn’t done, new technologies may make matters worse, increasing inequality and unemployment. Stiglitz identifies the true sources of wealth and of increases in standards of living, based on learning, advances in science and technology, and the rule of law. He shows that the assault on the judiciary, universities, and the media undermines the very institutions that have long been the foundation of America’s economic might and its democracy. Helpless though we may feel today, we are far from powerless. In fact, the economic solutions are often quite clear. We need to exploit the benefits of markets while taming their excesses, making sure that markets work for us—the U.S. citizens—and not the other way around. If enough citizens rally behind the agenda for change outlined in this book, it may not be too late to create a progressive capitalism that will recreate a shared prosperity. Stiglitz shows how a middle-class life can once again be attainable by all. An authoritative account of the predictable dangers of free market fundamentalism and the foundations of progressive capitalism, People, Power, and Profits shows us an America in crisis, but also lights a path through this challenging time.
Download or read book An Inquiry Into the Nature and Causes of the Wealth of Nations written by Adam Smith and published by . This book was released on 1822 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt:
