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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.

Table of Contents

  1. Cover
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  1. Half-Title Page, Title Page, Copyright
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  1. Contents
  2. pp. v-vi
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  1. Introduction: The Revival of the State
  2. Miklós Szanyi
  3. pp. 1-12
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  1. 1. Crisis Management in Europe: Nationalizations and Privatizations
  2. Éva Voszka
  3. pp. 13-52
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  1. 2. The Changing Role of the State in France: from Crisis to Crisis
  2. Miklós Somai
  3. pp. 53-78
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  1. 3. The Involvement of the State in the German Economy
  2. Zsófia Naszádos
  3. pp. 79-100
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  1. 4. The Relationship between State and Private Enterprise in the Austrian Economy
  2. István Kőrösi
  3. pp. 101-136
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  1. 5. Some Aspects of State Ownership in East-Central European Transition
  2. Miklós Szanyi
  3. pp. 137-162
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  1. 6. Listed Companies with State Ownership: The Case of Poland
  2. Éva Ozsvald
  3. pp. 163-188
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  1. 7. The Changing Role of the State in Slovenia: Privatizations and Banks' consolidations
  2. Miklós Somai
  3. pp. 189-212
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  1. 8. The Role of State Ownership in and after Hungary's Transition to Market Economy
  2. Miklós Szanyi
  3. pp. 213-236
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  1. 9. The Changing Role of the State in Development in Emerging Economies: The Developmental State Perspective
  2. Judit Ricz
  3. pp. 237-274
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  1. 10. A Successful Model of State Capitalism: Singapore
  2. Katalin Völgyi
  3. pp. 275-296
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  1. 11. The Changing Role of the State in Turkish Economy
  2. Tamás Szigetvári
  3. pp. 297-324
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  1. 12. Strong State Influence in the Brazilian Economy: Continuity or Change?
  2. Judit Ricz
  3. pp. 325-362
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  1. Concluding Remarks and Further Research Agenda
  2. Miklós Szanyi
  3. pp. 363-374
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  1. List of Contributors
  2. pp. 375-376
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  1. Index
  2. pp. 377-380
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  1. Back Cover
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Additional Information

ISBN
9789633863220
Related ISBN(s)
9789633863213
MARC Record
OCLC
1090282837
Pages
380
Launched on MUSE
2020-06-29
Language
English
Open Access
Yes

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