State capitalism revisited: a review of emergent forms and developments
journal contributionposted on 2019-03-18, 16:09 authored by Wilfred Dolfsma, Anna GrosmanAnna Grosman
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 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.
- Loughborough University London
Published inJournal of Economic Issues
CitationDOLFSMA, W. and GROSMAN, A., 2019. State capitalism revisited: a review of emergent forms and developments. Journal of Economic Issues, 53 (2), pp.579-586.
PublisherTaylor & Francis © Journal of Economic Issues /Association for Evolutionary Economics
- AM (Accepted Manuscript)
Publisher statementThis is an Accepted Manuscript of an article published by Taylor & Francis in Journal of Economic Issues on 13 May 2019, available online: https://doi.org/10.1080/00213624.2019.1606653