Abstract
Abstract: Even when the neoliberal ideology of the free market was more dominant than it now is, the state was involved in economic activities that could be undertaken by private firms. State capitalism takes increasingly diverse forms, including beyond direct, partial or even indirect ownership. This paper briefly reviews some of these forms without claiming to be exhaustive as the shape state capitalism takes differs widely across the institutionalized contexts of countries. We assess state capitalism using Polanyi’s double movement framework and argue that this framework needs adaptation to novel forms of state capitalism that include, e.g., state-owned multinationals and sovereign wealth funds.
| Language | English |
|---|---|
| Pages | 579-586 |
| Number of pages | 8 |
| Journal | Journal of Economic Issues |
| Volume | 53 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 3 Apr 2019 |
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Keywords
- (Polanyi’s) double movement
- SOMNCs
- sovereign wealth funds
- state capitalism
- state-owned enterprises
Cite this
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State Capitalism Revisited: A Review of Emergent Forms and Developments. / Dolfsma, Wilfred; Grosman, Anna.
In: Journal of Economic Issues, Vol. 53, No. 2, 03.04.2019, p. 579-586.Research output: Contribution to journal › Article › Academic › peer-review
TY - JOUR
T1 - State Capitalism Revisited: A Review of Emergent Forms and Developments
AU - Dolfsma, Wilfred
AU - Grosman, Anna
PY - 2019/4/3
Y1 - 2019/4/3
N2 - Abstract: Even when the neoliberal ideology of the free market was more dominant than it now is, the state was involved in economic activities that could be undertaken by private firms. State capitalism takes increasingly diverse forms, including beyond direct, partial or even indirect ownership. This paper briefly reviews some of these forms without claiming to be exhaustive as the shape state capitalism takes differs widely across the institutionalized contexts of countries. We assess state capitalism using Polanyi’s double movement framework and argue that this framework needs adaptation to novel forms of state capitalism that include, e.g., state-owned multinationals and sovereign wealth funds.
AB - Abstract: Even when the neoliberal ideology of the free market was more dominant than it now is, the state was involved in economic activities that could be undertaken by private firms. State capitalism takes increasingly diverse forms, including beyond direct, partial or even indirect ownership. This paper briefly reviews some of these forms without claiming to be exhaustive as the shape state capitalism takes differs widely across the institutionalized contexts of countries. We assess state capitalism using Polanyi’s double movement framework and argue that this framework needs adaptation to novel forms of state capitalism that include, e.g., state-owned multinationals and sovereign wealth funds.
KW - (Polanyi’s) double movement
KW - SOMNCs
KW - sovereign wealth funds
KW - state capitalism
KW - state-owned enterprises
U2 - 10.1080/00213624.2019.1606653
DO - 10.1080/00213624.2019.1606653
M3 - Article
VL - 53
SP - 579
EP - 586
JO - Journal of Economic Issues
T2 - Journal of Economic Issues
JF - Journal of Economic Issues
SN - 0021-3624
IS - 2
ER -