Author: Joshua Kurlantzick
Publisher: Oxford University Press
ISBN: 0199385726
Category : Political Science
Languages : en
Pages : 297
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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: Colin Crouch
Publisher: SAGE
ISBN: 0857026259
Category : Social Science
Languages : en
Pages : 223
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Book Description
Neoliberalism and deregulation have come to dominate national and international political economy. This major book addresses this convergence and analyzes the implications for the future of capitalist diversity. It considers important questions such as: Is the preference for free markets a well-founded response to intensified global competition? Does this mean that all advanced societies must all converge on an imitation of the United States? What are the implications for the institutional diversity of the advanced economies? Political Economy of Modern Capitalism provides a practical and informed analysis of the public policy choices facing governments and business around the world.
Author: Jacques Emmanuel Chaim Laden
Publisher:
ISBN:
Category : France
Languages : en
Pages : 206
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Book Description
Author: Ilias Alami
Publisher: Oxford University Press
ISBN: 0198925204
Category : Political Science
Languages : en
Pages : 321
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Book Description
The state is back, and it means business. Since the turn of the 21st century, state-owned enterprises, sovereign funds, and policy banks have vastly expanded their control over assets and markets. Concurrently, governments have experimented with increasingly assertive modalities of statism, from techno-industrial policies and spatial development strategies to economic nationalism and trade and investment restrictions. This book argues that we are currently witnessing a historic arc in the trajectories of state intervention, characterized by a drastic reconfiguration of the state's role as promoter, supervisor, shareholder-investor, and direct owner of capital across the world economy. It offers a comprehensive analysis of this “new state capitalism”, as commentators increasingly refer to it, and maps out its key empirical manifestations across a range of geographies, cases, and issue areas. Alami and Dixon show that the new state capitalism is rooted in deep geopolitical economic and financial processes pertaining to the secular development of global capitalism, as much as it is the product of the geoeconomic agency of states and the global corporate strategies of leading firms. The book demonstrates that the proliferation of muscular modalities of statist interventionism and the increasing concentration of capital in the hands of states indicate foundational shifts in global capitalism. This includes a growing fusion of private and state capital, and the development of flexible and liquid forms of property that collapse the distinction between state and private ownership, control, and management. This has fundamental implications for the nature and operations of global capitalism and world politics. This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read on the Oxford Academic platform and offered as a free PDF download from OUP and selected open access locations.
Author: Hirst, Paul
Publisher: Routledge
ISBN: 1135851395
Category : Political Science
Languages : en
Pages : 270
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Book Description
Modern societies currently lack positive alternative visions of the future. Many writers have claimed that the only option is a return to free-market capitalism, in which success and survival depend on being as competitive as possible whether as a nation, firm or individual.; Paul Hirst argues that there are viable alternative futures and widely applicable models that can be used to structure change. Hirst's distinctive approach to political theory reasons from real political problems rather than confining itself to abstract concepts.; Presenting an innovative political position, this collection of essays represents an attempt to re- state a practical third way between the discredited ideals of state socialism and laissez-faire capitalism.
Author: Tobias Ten Brink
Publisher: BRILL
ISBN: 9004262229
Category : Political Science
Languages : en
Pages : 290
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Book Description
In Global Political Economy and the Modern State System Tobias ten Brink contributes to an understanding of the modern state system, its conflicts, and its transformation. In contrast to the political attractiveness of optimistic theoretical approaches to globalisation, this book demonstrates how an analytical approach rooted in Global Political Economy (GPE) helps to explain both the tendencies towards integration and towards rivalry in international relations. By way of a historical reconstruction of different ‘world order’ phases in the twentieth century, ten Brink analyses multiple, phase-specific variations of socioeconomic and geopolitical conflicts that are significant for the modern capitalist world system. Revised edition of Geopolitik. Geschichte und Gegenwart kapitalistischer Staatenkonkurrenz, Verlag Westfälisches Dampfboot, Münster, 2008.
Author: Michael Dahlen
Publisher: Hillcrest Publishing Group
ISBN: 1634138503
Category : Business & Economics
Languages : en
Pages : 379
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Book Description
Statism denotes any system of big government, a government that gains power at the expense of individual freedom, a government that uses its power to redistribute wealth and regulate the economy. Laissez-faire capitalism, by contrast, is the system of limited government, the system of economic and political freedom. It is a system that has created more wealth and lifted more people out of poverty than any other system. Yet it is relentlessly demonized. We are told that the free market is impractical--prone to crises, depressions, and coercive monopolies. Michael Dahlen dispels these and many other myths. He shows that a laissez-faire capitalist system is not only practical; he shows that it is moral, as it is the only system that recognizes each individual's inalienable right to his own life. A provocative weave of history, philosophy, and political economy, Ending Big Government: The Essential Case for Capitalism and Freedom, shows that capitalism is incontestably superior to statism.
Author: Leo Panitch
Publisher: Verso Books
ISBN: 1844677427
Category : Business & Economics
Languages : en
Pages : 465
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Book Description
No Marketing Blurb
Author: Robert Albritton
Publisher: Anthem Press
ISBN: 0857286757
Category : Business & Economics
Languages : en
Pages : 261
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Book Description
This volume brings together original and timely writings by internationally renowned scholars that reflect on the current trajectories of global capitalism and, in the light of these, consider likely, possible or desirable futures. It offers theory-informed writing that contextualizes empirical research on current world-historic events and trends with an eye towards realizing a future of human, social and economic betterment.
Author: Meghnad Desai
Publisher: Verso Books
ISBN: 1789609453
Category : Business & Economics
Languages : en
Pages : 593
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Book Description
In this provocative and enthusiastically revisionist book, the distinguished economist Meghnad Desai argues that capitalism's recent efflorescence is something Karl Marx anticipated and indeed would, in a certain sense, have welcomed. Capitalism, as Marx understood it, would only reach its limits when it was no longer capable of progress. Desai argues that globalization, in bringing the possibility of open competition on world markets to producers in the Third World, has proved that capitalism is still capable of moving forwards. Marx's Revenge opens with a consideration of the ideas of Adam Smith and Hegel. It proceeds to look at the nuances in the work of Marx himself, and concludes with a survey of more recent economists who studied capitalism and attempted to unravel its secrets, including Joseph Schumpeter, John Maynard Keynes and Friedrich Hayek.
