By Alex E. Fernández Jilberto, Barbara Hogenboom
Bringing jointly a global and multidisciplinary staff of specialists, this is often the 1st finished quantity to investigate conglomerates and fiscal teams in constructing nations and transition economies. utilizing 16 in-depth case reports it presents a comparative framework for the learn of latest means of privatization, monetary and monetary liberalization and neoliberal globalization. Exploring many of the motives and fiscal, social and political results of the increase of ‘big company’ in Asia, Latin the United States, Africa and japanese Europe, the most matters which are tested contain: the character of latest monetary focus the family members among ‘local’ and ‘external’ traders the effect on improvement, and on fiscal and political regulate over its path the recent function of the nation in the direction of conglomerates and economics teams the consequences of financial and political adjustments at the legitimacy of the country and big businesses. This quantity is ideal as both a textbook or supplementary studying for college kids in any respect degrees, in addition to researchers and governmental and non-governmental execs operating and learning within the fields of foreign enterprise and fiscal improvement.
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Additional resources for Big Business and Economic Development: Conglomerates and Economic Groups in Developing Countries and Transition Economies under Globalisation
Both for politics and development, it is important to consider how the role of the state has changed with the rise of ‘big business’, and the implications for civil society. Generally, the price that the states with neoliberal developing and transition economies pay is their loss of sovereignty, motivating them to share power with other states via economic regionalisation so as to retain some influence on transnational investment flows. In the 1990s the nation-state stopped being national, thereby separating the state and the nation, and creating a crisis of governability in developing and transition countries, expressed in the dissociation of the state towards civil society.
Castells, Manuel (1998) El Poder de la Identidad, Madrid: Alianza Editorial. ’, in Fernando Calderón (Coordinador), Es Sostenible la Globalización en América Latina? Debates con Manuel Castells, Chile: Fondo de Cultura Económica. Cerny, Philip G. (1997) ‘International finance and the erosion of capital diversity’, in Colin Crouch and Wolfgang Streeck (eds), Political Economy of Modern Capitalism, London: Sage. The new expansion of conglomerates and economic groups 27 1111 2 3 4 5 6 7 8 9 1011 1 2 3111 4 5 6 7 8 9 20111 1 2 3 4 5 6 7 8 9 30111 1 2 3 4 5 6 7 8 9 40111 1 2 3 4 45111 Chang, Ha-Joon (2004) Globalisation, Economic Development and the Role of the State, London: Zed Books/Third World Network.
Both national and transnational conglomerates have benefited from the acquisition of undervalued state-owned companies and special financial arrangements, such as in Argentina. And when a financial crisis occurs, the public sector provides enormous sums for the recovery of the (recently privatised) banks and other (financial) companies, which then overvalue their assets to receive more support funding. Apart from the Argentine case, this can be seen in the chapters on Indonesia, and Chile and Mexico: while badly functioning or corrupt big banks were helped out, there were few support mechanisms for small companies, let alone a ‘safety net’ for the numerous citizens suffering from the crisis.
Big Business and Economic Development: Conglomerates and Economic Groups in Developing Countries and Transition Economies under Globalisation by Alex E. Fernández Jilberto, Barbara Hogenboom