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Emerging Capitalism in Central Europe and Southeast Asia

Emerging Capitalism in Central Europe and Southeast Asia
Author: F. Bafoil
Publisher: Springer
Total Pages: 242
Release: 2014-09-17
Genre: Political Science
ISBN: 1137383062
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This book examines the emergence of different forms of capitalism in Central-Eastern states in Europe and Mekong states within the Association of Southeast Asian Nations (ASEAN). All of them (but Thailand) have historically disappeared from the regional maps for long periods of time due to colonial or imperial rule. Most of them were previously members of a soviet-type economy, and they all joined ASEAN or the European Union in the 1990s or in the 2000s. These states are characterized by a strong urge toward feelings of national sovereignty due to their experiences with colonialism and imperialism. But, due to the regional economic pressures and the globalization dynamic, these states cannot articulate protectionist policies. They are forced to open their economies in order to attract Foreign Direct Investments. This results in less regulated and more political forms of capitalism than in some more developed capitalist countries. This book analyzes forms of capitalism as the arising from a combination of three conditions: the legacy of the foreign occupations, the national construction process of the sovereign state, and lastly, the dynamics of regional integration. These states' claims to national sovereignty and the manner in which they developed suggests a causative link between the forms of political domination that have presided over these transformations and the forms of capitalism that have resulted.

Resilient States from a Comparative Regional Perspective

Resilient States from a Comparative Regional Perspective
Author: François Bafoil
Publisher: World Scientific
Total Pages: 340
Release: 2013-01-28
Genre: Business & Economics
ISBN: 9814417483
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Organizations such as ASEAN and EU were formed to promote economic growth, social progress and cultural development among their members. This book provides a comprehensive overview of the transformation which the newest members of ASEAN (Cambodia, Laos, Myanmar and Laos) and the newest members of EU (ten new Members from Baltic, Central and Eastern Balkan regions) have experienced during the last two decades (1990–2010). It throws light on the different social, economic and political causes which support these historical changes. Emerging markets such as the Mekong region and Central Europe where new forms of capitalism are flourishing have been captured in this book. Their policies in privatization, regionalization, industrial growth that support a new and deregulated form of capitalism have been mentioned in detail. The author stresses upon the capacity and strengths of these two hitherto “weak states” to face worldwide and regional challenges. Contents:Introduction — The Destruction of Historical States:History and Geography Matter — But for What Kind of Legacies?Defining a State in TransitionConclusion — Clusters of Modernized States in Southeast Asia and CEEIntroduction — Coherence of the Public Policies: Privatization, Regionalization, Industrial Relations:Transforming Economies: From Planned Economies to More Legal Rules or Towards Nomenklatura Capitalism?Transforming Polities: States, Regions and AdministrationManaging Firms by Flexibility: The Lack of Industrial RelationsConclusionIntroduction — EU and ASEAN Enlarged and Globalized Regions:The EU and ASEAN: Cohesion Policy and Export-Oriented AgreementsState, Sub-State Designs and Cross-Border CooperationEU and ASEAN Enlargement: Enlarged Globalization DynamicsConclusionGeneral Conclusions: Types of Capitalism in Central Europe and in Southeast Asia Readership: Undergraduates and postgraduates in economics, political science and public policy; international agencies; government departments and think-tank bodies; policy makers; academic researchers. Keywords:Resilient States;Political Capitalism;Emerging Countries;Central Europe;Southeast Asia;Eastern Europe;ASEAN;EU;Mekong Region;Privatization;Regionalization;Industrial RelationsKey Features:Shows the transformation the newest members of ASEAN (Cambodia, Laos, Myanmar and Laos) and the newest members of EU (ten new Members from Baltic, Central and Eastern Balkan regions) have experienced during the last two decades (1990–2010)Uses a common theoretical framework based on the approach of “strong states vs weak states”Emerging markets such as the Mekong region and Central Europe where new forms of capitalism are flourishing have been captured

State Capitalism

State Capitalism
Author: Joshua Kurlantzick
Publisher: Oxford University Press
Total Pages: 287
Release: 2016-03-08
Genre: Political Science
ISBN: 0199385726
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The end of the Cold War ushered in an age of American triumphalism best characterized by the "Washington Consensus:" the idea that free markets, democratic institutions, limitations on government involvement in the economy, and the rule of law were the foundations of prosperity and stability. The last fifteen years, starting with the Asian financial crisis, have seen the gradual erosion of that consensus. Many commentators have pointed to the emergence of a powerful new rival model: state capitalism. In state capitalist regimes, the government typically owns firms in strategic industries. Not beholden to private-sector shareholders, such firms are allowed to operate with razor-thin margins if the state deems them strategically important. China, soon to be the world's largest economy, is the best known state capitalist regime, but it is hardly the only one. In State Capitalism, Joshua Kurlantzick ranges across the world--China, Thailand, Brazil, Russia, South Africa, Turkey, and more--and argues that the increase in state capitalism across the globe has, on balance, contributed to a decline in democracy. He isolates some of the reasons for state capitalism's resurgence: the fact that globalization favors economies of scale in the most critical industries, and the widespread rejection of the Washington Consensus in the face of the problems that have plagued the world economy in recent years. That said, a number of democratic nations have embraced state capitalism, and in those regimes, state-backed firms like Brazil's Embraer have enjoyed considerable success. Kurlantzick highlights the mixed record and the evolving nature of the model, yet he is more concerned about the negative effects of state capitalism. When states control firms, whether in democratic or authoritarian regimes, the government increases its advantage over the rest of society. The combination of new technologies, the perceived failures of liberal economics and democracy in many developing nations, the rise of modern kinds of authoritarians, and the success of some of the best-known state capitalists have created an era ripe for state intervention. State Capitalism offers the sharpest analysis yet of what state capitalism's emergence means for democratic politics around the world.

Varieties of Capitalism in Southeast Asia

Varieties of Capitalism in Southeast Asia
Author: Joel David Moore
Publisher: Springer
Total Pages: 178
Release: 2017-08-11
Genre: Political Science
ISBN: 3319537008
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This book explains the political origins and evolution of capitalist institutions in developing countries by looking at distinct patterns in the electronics industry in three Southeast Asian countries: Thailand, Malaysia, and Singapore. An analysis of the political determinants of these patterns has a number of theoretical and practical implications. It includes a new explanation for family business behavior, a unified framework for explaining capitalist varieties, a guide for institutional reform, and a comparative examination of three dynamic Asian economies that provides important insights to students, scholars, and people in business.

The Economic History of Central, East and South-East Europe

The Economic History of Central, East and South-East Europe
Author: Matthias Morys
Publisher: Taylor & Francis
Total Pages: 529
Release: 2020-12-29
Genre: Business & Economics
ISBN: 131741411X
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The collapse of communism in Central, East and South-East Europe (CESEE) led to great hopes for the region and for Europe. A quarter of a century on, the picture is mixed: in many CESEE countries, the transformation process is incomplete, and the economic catch-up has taken longer than anticipated. The current situation has highlighted the need for a better understanding of the long-term political and economic implications of the Central, East and South-East European historical experience. This thematically organised text offers a clear and comprehensive guide to the economic history of CESEE from 1800 to the present day. Bringing together authors from both East and West, the book also draws on the cutting-edge research of a new generation of scholars from the CESEE region. Presenting a thoroughly modern overview of the history of the region, the text will be invaluable to students of economic history and CESEE area studies.

Essential Outsiders

Essential Outsiders
Author: Daniel Chirot
Publisher: University of Washington Press
Total Pages: 345
Release: 2011-10-01
Genre: Social Science
ISBN: 0295800267
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Ethnic Chinese in Southeast Asia, like Jews in Central Europe until the Holocaust, have been remarkably successful as an entrepreneurial and professional minority. Whole regimes have sometimes relied on the financial underpinnings of Chinese business to maintain themselves in power, and recently Chinese businesses have led the drive to economic modernization in Southeast Asia. But at the same time, they remain, as the Jews were, the quintessential “outsiders.” In some Southeast Asian countries they are targets of majority nationalist prejudices and suffer from discrimination, even when they are formally integrated into the nation. The essays in this book explore the reasons why the Jews in Central Europe and the Chinese in Southeast Asia have been both successful and stigmatized. Their careful scholarship and measured tone contribute to a balanced view of the subject and introduce a historical depth and comparative perspective that have generally been lacking in past discussions. Those who want to understand contemporary Southeast Asian and the legacy of the Jewish experience in Central Europe will gain new insights from the book.

Chinese Capitalism in Southeast Asia

Chinese Capitalism in Southeast Asia
Author: Yos Santasombat
Publisher: Springer
Total Pages: 330
Release: 2017-09-04
Genre: Social Science
ISBN: 9811046964
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This collection examines the historically and geographically specific form of economic organization of the overseas Chinese in Southeast Asia and how it has adapted to the different historical and socio-political contexts of Southeast Asian countries. Moving beyond cultural explanations and traits to focus on the process of evolution and dynamism of situated practices, it argues that Chinese Capitalism is rapidly becoming a form of ‘hybrid capitalism’ and embodies the interdependent of culturally and institutionally specific dynamics at local and regional level, evolving and adapting to different institutional contexts and politico-economic conditions in the host Asian economies. This text also explores the social organization and political economy of the so-called overseas Chinese by examining the changing dynamism of Chinese capitalism in relation to forces of globalization. Focusing on key actors, primarily Chinese entrepreneurs in their business practices, and situated practices as well as cultural, political, social and economic factors under globalizing conditions, it provides providing a broad understanding without fixating or homogenizing Chinese capitalism, contributing to the understanding of the contexts that give rise to the emergence and transformation of Chinese Capitalism in Southeast Asia.

East Asian Capitalism

East Asian Capitalism
Author: Andrew Walter
Publisher: Oxford University Press
Total Pages: 346
Release: 2012-07-26
Genre: Business & Economics
ISBN: 0199643091
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This volume analyses developments in East Asian capitalism since the 1980s, focussing on three main areas: business systems, financial structures, and labour markets.

Labour and Social Transformation in Central and Eastern Europe

Labour and Social Transformation in Central and Eastern Europe
Author: Violaine Delteil
Publisher: Routledge
Total Pages: 252
Release: 2016-07-22
Genre: Business & Economics
ISBN: 1317402200
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Over a quarter of a century after the fall of the Berlin Wall and 10 years after their accession to the European Union (EU), Central and Eastern Europe Countries (CEECs) still show marked differences with the rest of Europe in the fields of labour, work and industrial relations. This book presents a detailed and original analysis of labour and social transformations in the CEECs. By examining a wide range of countries in Central Europe, Labour and Social Transformation in Central and Eastern Europe offers a comprehensive and contrasting view of labour developments in Central and Eastern Europe. Chapters explore three related issues. The first deals with the understanding of the complex process of Europeanization applied in the sphere of labour, employment and industrial relations. The second issue refers to the attempt to link the Europeanization approach with an analysis mobilizing the theoretical concept of "dependent capitalism(s)". The third issue refers to the cumulative trends of labour weakening and labour awakening that has emerged, in particular in the aftermath of the crisis beginning in 2007-2008. This book will be of interest to academics, policy makers and stakeholders at European and national level in the EU member states.

State Capitalism In Eurasia

State Capitalism In Eurasia
Author: Spechler Martin C
Publisher: World Scientific
Total Pages: 156
Release: 2017-06-16
Genre: Political Science
ISBN: 9813149396
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This is the first book to specify the type of economic system that has arisen in Central Asia, replacing the simplistic ideas of "petro-state" or "resource dependent." The book presents three types of state capitalism now established in the former Soviet Union states of Eurasia — crony, dual-sector, and predatory capitalism. It provides first-hand research based on extensive interviewing in the native languages in five of the six. From the political economic perspective, it surveys the source of resources for these authoritarian regimes, their decision-making, and the disposition of government funds, including corruption.