JEI_2019_State Capitalism_GrosmanDolfsma_ACCEPTED.pdf (276.18 kB)
Download fileState capitalism revisited: a review of emergent forms and developments
journal contribution
posted on 2019-03-18, 16:09 authored by Wilfred Dolfsma, Anna GrosmanAnna GrosmanEven 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.
History
School
- Loughborough University London