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Author: Julien Chaisse Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
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.
Author: Julien Chaisse Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
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.
Author: Lalita Som Publisher: Oxford University Press ISBN: 0192666282 Category : Business & Economics Languages : en Pages : 385
Book Description
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.
Author: Lalita S. Som Publisher: ISBN: 9780192666277 Category : Government business enterprises Languages : en Pages : 356
Book Description
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.
Author: Joshua Kurlantzick Publisher: Oxford University Press ISBN: 0199385718 Category : Political Science Languages : en Pages : 297
Book Description
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.
Author: Publisher: BRILL ISBN: 9004194746 Category : Social Science Languages : en Pages : 250
Book Description
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.
Author: Henry Gao Publisher: ISBN: 9781108828499 Category : Foreign trade regulation Languages : en Pages : 0
Book Description
"One major issue facing the world trading system today is how to deal with the challenge of China's state capitalism. Many commentators believe that the existing WTO rules are insufficient and, thus, new rules are needed. This book challenges this conventional wisdom. Through meticulous studies and fresh analysis of the commitments in China's WTO accession package, existing rules on state capitalism in WTO agreements and recent attempts to make new rules on these issues at bilateral, regional and multilateral levels, this book argues that existing WTO rules, especially those on subsidies, coupled with China-specific rules in its accession protocol, do provide feasible tools to counter China's state capitalism. This book also discusses the reasons for the lack of usage of these rules and provides concrete policy suggestions on how the rules may be better utilized, as well as how to conduct constructive negotiations on new rules in the WTO and beyond"--
Author: Christopher A. McNally Publisher: ISBN: Category : Languages : en Pages :
Book Description
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
Author: Peter A. Hall Publisher: Oxford University Press ISBN: 0199247749 Category : Business & Economics Languages : en Pages : 557
Book Description
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.
Author: Julien Chaisse
Author: Julien Chaisse
Author: Lalita Som
Author: Lalita S. Som
Author: Joshua Kurlantzick
Author: 
Author: Paul K Crosser
Author: Henry Gao
Author: Christopher A. McNally
Author: Peter A. Hall
Author: