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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.
List 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
About the author
SCOTT B. MacDONALD is the Chief International Economist for Maryland National Corporation in Baltimore. He is the author of Trinidad and Tobago: Democracy and Development in the Caribbean (1986), Dancing on a Volcano: The Latin American Drug Trade (1988), and coedited volume, The Caribbean after Grenada (1988).
JONATHAN LEMCO is a Senior Fellow at the National Planning Association and Adjunct Professor of Canadian Politics at The Paul Nitze School of Advanced International Studies of The Johns Hopkins University. His recent books include Canada and the Crisis in Central America (Praeger, 1991), Political Stability in Federal Governments (Praeger, 1991), and The Canada-United States Relationship (Praeger, 1992, forthcoming).
