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Author: Pierangelo Maria Toninelli
Publisher: Cambridge University Press
Published: 2000-10-02
Total Pages: 342
ISBN-13: 9780521780810
DOWNLOAD EBOOKThis book examines the twentieth-century rise and fall of state-owned enterprises in Western political economy.
Author: Maciej Bałtowski
Publisher: Routledge
Published: 2022-06-01
Total Pages: 343
ISBN-13: 1000594181
DOWNLOAD EBOOKState-owned enterprises (SOEs) combine economic activities resulting from their position on the market with non-economic functions determined by the state owner. In many of the world’s major economies, SOEs play an important role, and in some, such as China, India, Russia and Brazil, they are outright dominant. At the same time, the existence of SOEs is largely ignored by economic theory and the current figures on SOEs on a global scale available in the literature are questionable in terms of their methodological validity and thus they do not allow for a proper cross-country analysis. This book fills this research gap. It focuses on the scope and importance of SOEs in a broad group of the largest economies, primarily on a variety of quantitative estimates. It contains the results of an extensive and unique empirical study of 37 of the world’s largest economies over the period from 2009 to 2018. The findings showed that the average share of SOEs – measured by operating revenues and total assets – in the group of the largest 100 enterprises (Top 100) of a given country is nearly 30%, while in the Top 20 group it is even slightly higher. The authors present an econometric analysis showing the relationship between the scope of SOEs and the various economic and non-economic characteristics of the studied set of countries. The book also contains an in-depth discussion of selected key issues, such as the functions of SOEs in various types of economies, the role of SOEs in capital markets and the phenomenon of SOEs with foreign capital. This work is addressed to both academic economists, dealing with macroeconomics and economic policy, as well as researchers and analysts from various international organizations and think-tanks.
Author: Luc Bernier
Publisher: Routledge
Published: 2020-05-27
Total Pages: 679
ISBN-13: 135104253X
DOWNLOAD EBOOKState-owned enterprises make up roughly 10 percent of the world economy, yet they are woefully understudied. This handbook offers the first synthesis of the topic since the 1980s and offers a comprehensive reference for a generation. The authors provide a detailed explanation of the theory that underpins the expansion of state-owned enterprises in the 21st century. Each chapter delivers an overview of current knowledge, as well as identifying issues and relevant debates for future research. The authors explain how state-owned enterprises are used in both developed and developing countries and offer an insight into complex and fascinating organizations such as the German municipal conglomerates or the multinational companies owned by states. New modes of governance and regulation have been invented to make sure they act in the public interest. This handbook brings together a wealth of international scholars, offering multiple theoretical perspectives to help shape a brave new world. It will be of interest to teachers and students of Economics, Public Administration and Business, academics, established researchers and PhD students seeking rigorous literature reviews on specific aspects of SOEs, as well as practitioners and decision makers in international organizations.
Author: Michael J. Strauss
Publisher: Routledge
Published: 2018-12-14
Total Pages: 329
ISBN-13: 1351585363
DOWNLOAD EBOOKThis book describes and assesses an emerging threat to states’ territorial control and sovereignty: the hostile control of companies that carry out privatized aspects of sovereign authority. The threat arises from the massive worldwide shift of state activities to the private sector since the late 1970s in conjunction with two other modern trends – the globalization of business and the liberalization of international capital flows. The work introduces three new concepts: firstly, the rise of companies that handle privatized activities, and the associated advent of "post-government companies" that make such activities their core business. Control of them may reside with individual investors, other companies or investment funds, or it may reside with other states through state-owned enterprises or sovereign wealth funds. Secondly, "imperfect privatizations:" when a state privatizes an activity to another state’s public sector. The book identifies cases where this is happening. It also elaborates on how ownership and influence of companies that perform privatized functions may not be transparent, and can pass to inherently hostile actors, including criminal or terrorist organizations. Thirdly, "belligerent companies," whose conduct is hostile to those of states where they are active. The book concludes by assessing the adequacy of existing legal and regulatory regimes and how relevant norms may evolve.
Author: Robert Millward
Publisher: Cambridge University Press
Published: 2005
Total Pages: 388
ISBN-13: 9780521835244
DOWNLOAD EBOOKAuthor: Yingying Wu
Publisher: Springer
Published: 2019-01-28
Total Pages: 279
ISBN-13: 9811335613
DOWNLOAD EBOOKThis book argues that the trade-distorting effects of advantages associated with SOEs are more severe from an economic perspective, and the behavior of SOEs after receiving advantages is of more concern, compared to private-owned enterprises (POEs). The premise is that the existence of SOEs per se is not the essential problem; rather, the underlying problems are (i) the disproportionate granting of advantages to SOEs (compared to POEs) and (ii) the behavior of SOEs once they receive advantages. The book offers a systematic analysis focusing on the various advantages granted to SOEs and their subsequent behavior. Its detailed analysis reveals the inadequacy of current WTO rules and is complemented by a number of concrete proposals.
Author: Greg Philo
Publisher: Routledge
Published: 2014-09-09
Total Pages: 281
ISBN-13: 1317877462
DOWNLOAD EBOOKThis book shows how the release of the free market in the last part of the twentieth century produced a rise in inequality and violence, the development of a huge criminal economy and the degradation of social and cultural life. It questions the silence of academics in the face of these changes and asks how much they have been incorporated into the priorities of commerce and governments. Many academics in the social sciences, media and cultural studies have avoided critical issues and become occupied in obscure theoretical debates such as post-modernism. The effect was to draw inellectuals and students away from the engaged and empirical work needed to identify key social problems and possibilities for change. The authors of this book point to the need for independent research which can criticise political policies and reveal their effects. They show, for example, why contemporary policies on drugs and education are creating more problems than they solve. The book features contributions from a wide range of academic disciplines including mass communications, sociology, politics, geography, philosophy and economics, and points to new directions for radical science. It also examines the possibilities for a free and democratic media and calls for the development of critical and open debate.
Author: Matthew J. Bellamy
Publisher: McGill-Queen's Press - MQUP
Published: 2005
Total Pages: 340
ISBN-13: 9780773528154
DOWNLOAD EBOOKCrown corporations are widely regarded as a Canadian invention. Since 1841 they have been dexterously implemented and hotly debated as instruments of public policy. However the failures of a number of state-run enterprises in the twentieth century have led a majority of Canadians to conclude that government has no place in the boardrooms of the nation. Matthew Bellamy's comprehensive account of Polymer's rise and evolution contradicts this widely held position and brings to light the accomplishments of one of Canada's pioneering crown corporations.
Author: Aldo Musacchio
Publisher: Harvard University Press
Published: 2014-04-22
Total Pages: 358
ISBN-13: 0674729684
DOWNLOAD EBOOKThe wave of liberalization that swept world markets in the 1980s and 90s altered the ways that governments manage their economies. Reinventing State Capitalism analyzes the rise of new species of state capitalism in which governments interact with private investors either as majority or minority shareholders in publicly-traded corporations or as financial backers of purely private firms (the so-called "national champions"). Focusing on a detailed quantitative assessment of Brazil's economic performance from 1976 to 2009, Aldo Musacchio and Sergio Lazzarini examine how these models of state capitalism influence corporate investment and performance. According to one model, the state acts as a majority investor, granting the state-owned enterprise (SOE) financial autonomy and allowing professional management. This form, the authors argue, has reduced many agency problems commonly faced by state ownership. According to another hybrid model, the state uses sovereign wealth funds, holding companies, and development banks to acquire a small share of equity ownership in a corporation, thereby potentially alleviating capital constraints and leveraging latent capabilities. Both models have benefits and costs. Yet neither model has entirely eliminated the temptation of governments to intervene in the operation of natural resource industries and other large strategic enterprises. Nevertheless, the longstanding debate over whether private ownership is superior or inferior to state capitalism has become irrelevant, Musacchio and Lazzarini conclude. Private ownership is now mingled with state capital on a global scale.
Author: Robert Millward
Publisher: Routledge
Published: 2013-03-12
Total Pages: 314
ISBN-13: 113597053X
DOWNLOAD EBOOKIn the 19th and early 20th centuries, the state emerged as a major player in the economies of the Western World. This important new volume provides an economic history for the period 1815-1939 of state/business relations in the major powers: France, Germany, Japan, Russia, UK and the USA. The book challenges the traditional story that the scale of state intervention reflected the degree to which each country was ideologically committed to laissez-faire, and which also tended to assume that governments were interested in economic growth and raising average living standards. Robert Millward gives a rather different perspective, arguing that the scale of state intervention and the differences across countries were motivated more by considerations of external defence and internal unification than by any notions of promoting economic growth or adherence to laissez-faire. This book provides, for the first time, an integrated economic history of these state /business relations in the major powers in the period 1815-1939, and offers a completely new perspective on the links between tariff policies, state enterprise in manufacturing, the treatment of the peasantry, regulation of railways, taxation of the business sector, policies on cartels, trusts and competition.
