State capitalism's uncertain future

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Bibliographic Information

State capitalism's uncertain future

Scott B. MacDonald and Jonathan Lemco

Praeger, c2015

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Note

Includes bibliographical references (p. [191]-197) and index

Description and Table of Contents

Description

A provocative and timely look at the current state of global economics, particularly how the state-owned companies of Russia, China, Latin America, and other emerging markets are influencing how people work, how they consume, and how they prosper. The global economy is changing: experts are noting slow growth in the advanced economies, greater volatility in international markets, and the emergence of state-owned companies in the competitive marketplace. This forward-looking reference explores the role that state capitalism plays within the political structures of countries throughout the world. The text begins with an introduction to state capitalism, moves into an in-depth examination of several countries and regions, and concludes with a discussion on the future of state capitalism in the next decade. Coauthors Scott B. MacDonald and Jonathan Lemco examine the challenges that state-owned companies face in the global economy, including a weak legal and commercial infrastructure, a conflict of interest between politics and business, and massive corruption in local and regional governments. A close review of the perils of state capitalism based on meritocracy devolving into crony capitalism invites debate on the longevity of this economic system versus a free market economy.

Table of Contents

Preface ONE: Introduction TWO: A Short History of State Capitalism THREE: Market Leninism at Work in China FOUR: In the New Tsar's Court FIVE: State Capitalism, Power, and Identity in the Middle East SIX: State Capitalism in Latin America SEVEN: The Limits of State Capitalism EIGHT: Conclusion: An Uncertain Future Selected Bibliography Index

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