Seeking the Best Master State Ownership in the Varieties of Capitalism / edited by Miklós Szanyi.

Format:

Book

Author/Creator:

Szanyi, M.

Contributor:

Szanyi, M., editor.

Language:

English

Subjects (All):

Capitalism.

Government ownership.

Genre:

Electronic books.

Physical Description:

1 online resource (388 pages)

Place of Publication:

New York : Central European University Press, [2019]

Language Note:

English

Biography/History:

Szanyi Miklós : Miklos Szanyi is director of the Centre for Economic and Regional Studies, Hungarian Academy of Sciences.

Summary:

The economic crisis of 2008–2009 signaled the end of the Post-Washington Consensus on restricting the role of the state in economic and development policy. Since then, state ownership and state intervention have increased worldwide. This volume offers a comparative analysis of the evolution of direct state intervention in the economy through state-owned companies in Austria, Brazil, France, Germany, Hungary, Poland, Turkey, Singapore, and Slovenia. Each case study includes substantial explanations of historical, cultural, and institutional contexts. All the contributors point to the complex nature of the current revival in state economic interventions. The few models that are successful cannot hide the potential problems of excessive state intervention, linked to high levels of moral hazard. State-owned enterprises are primary tools of market and price manipulation for political purposes. They can be used outright for rent seeking. Yet state-owned enterprises can also play important roles in prestigious national initiatives, like major public works or high-profile social and sports events. The authors conclude that after the uniform application of democratic market economic principles, the 2000s witnessed a path-dependent departure from standard economic and political operating procedures in developed countries.

Contents:

Frontmatter

Contents

Introduction: The Revival of the State

Chapter 1: Crisis Management in Europe: Nationalizations and Privatizations

Chapter 2: The Changing Role of the State in France: from Crisis to Crisis

Chapter 3: The Involvement of the State in the German Economy

Chapter 4: The Relationship between State and Private Enterprise in the Austrian Economy

Chapter 5: Some Aspects of State Ownership in East-Central European Transition

Chapter 6: Listed Companies with State Ownership: The Case of Poland

Chapter 7: The Changing Role of the State in Slovenia: Privatizations and Banks’ consolidations

Chapter 8: The Role of State Ownership in and after Hungary’s Transition to Market Economy

Chapter 9: The Changing Role of the State in Development in Emerging Economies: The Developmental State Perspective

Chapter 10: A Successful Model of State Capitalism: Singapore

Chapter 11: The Changing Role of the State in Turkish Economy

Chapter 12: Strong State Influence in the Brazilian Economy: Continuity or Change?

Concluding Remarks and Further Research Agenda

List of Contributors

Index

Notes:

Includes index.

This eBook is made available Open Access under a CC BY-NC-ND 4.0 license: https://creativecommons.org/licenses/by-nc-nd/4.0 https://www.degruyter.com/dg/page/open-access-policy

Description based on print version record.

ISBN:

1-003-72188-5

963-386-322-8

9781003721888

OCLC:

1090282837