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State Bank of India: Transforming a State Owned Giant
by Rajiv Lal Rachna TahilyaniFebruary 2011: O.P. Bhatt reflected contentedly on his five-year term as Chairman of State Bank of India (SBI), India's largest commercial bank. He had led SBI on a journey of transformation from an old, hierarchical, transaction oriented, government bank to a modern, customer focused, and technologically advanced universal bank. In 2006, when Bhatt assumed leadership, SBI had been losing market share for over two decades to private and foreign banks. Analysts and industry observers had predicted that at the prevailing growth rates ICICI Bank, a private bank launched in 1994, would overtake SBI in terms of deposits in four years. However, by 2010, SBI had more than doubled its profits, deposits and advances; regained market share and won the Asian Banker Achievement award for the strongest bank in the Asia Pacific region.
State Building and Development
by Keijiro Otsuka Takashi ShiraishiWhy does a huge income gap still exist between developed and developing countries? Plausible causes on the surface may be the difference in technology, the quality of human resources, and economic institutions, but on the deeper level the gap reflects the success and failure of state building which is vital for economic development. This book provides cutting-edge knowledge on state building, economic development, and democratization based on case studies of Japan, ASEAN, South Asia, and selected countries in sub-Saharan Africa. The book examines the interaction between land policies and the state building in sub-Saharan Africa. It also pays special attention to corruption, which affects the relationship between the state and the development, and decentralization, which exerts influences on the contentious politics. Finally, the book also sheds new light on the failure and success of industrial policies based on a literature review and a case study of the rapidly growing pharmaceutical industry in Bangladesh. This book is one of the few studies which squarely addresses state building and economic development, and will be of use to those interested in this subject, development practitioners, and policymakers in developing countries.
State Building and Social Policies in Developing Countries: The Political Economy of Development (Routledge Studies in Development Economics)
by Rashed Al Mahmud TitumirThis book moves away from the orthodox neoliberal paradigm to suggest a new framework linking social policy with citizenship and transformation. The interjection of nation-building, public society and public provisioning to the study of education, healthcare and employment caters to the needs of citizens equitably. By combining and coagulating these three broad arenas of politico-economic discussion, this book takes a new approach to the analysis of social policymaking in developing countries to indicate the drivers and triggers of transformation. It makes comprehensive, thorough critical comparisons between the trajectories of developed and developing countries, finds out the gaps in transformation, and suggests drivers for changes. The intentions of social policymaking, as proposed in the book, are to curb the growing inequalities in the forms of class, power and marginalisation. The chapters on education focus on provisioning of public goods for skills formation, innovation and citizenship education. The sections on healthcare centre on universal healthcare as opposed to universal health coverage by analysing access, healthcare seeking behaviour, price setting, market provisioning etc. For the chapters on employment, propositions are posited regarding expansion of productive capacity, factor mobility and social security to ensure work for all. Besides theorising education, healthcare and employment based on public provisioning by the people’s state, underwritten by a public society, the book provides feasible solutions through data sourced from all major international organisations. In addition, it recognises the unique post-colonial struggles and aspirations of the developing countries, and accordingly resorts to defining the above normative principles, reflecting nuances, subtleties and peculiarities. This book is a continuation of Fiscal and Monetary Policies in Developing Countries: State, Citizenship and Transformation (Routledge) and will draw the attention of scholars and researchers who wish to gain a deeper understanding of, and pragmatic solutions to, social policies that address the transformational pathways of developing countries, accentuated by the COVID-19 pandemic.
State Capital and Private Enterprise: The Case of the UK National Enterprise Board (Routledge Library Editions: Public Enterprise and Privatization)
by Daniel C. KramerTo what extent can governments supplement private venture capitalists and stimulate the economy by providing money to new entrepreneurs as well as existing enterprises? The UK’s National Enterprise Board (NEB) attempted to do just this, and whilst it gained most publicity through its efforts to bail out ailing giants such as British Leyland and Rolls Royce Aerospace, much of its attention was actually directed to smaller ventures. Originally published in 1988 Professor Kramer reports that the NEB’s record of success was surprisingly good, and that many flourishing undertakings would not be in business today had it not been for the NEB’s efforts. The author goes further, and after discussing the political and economic issues involved in according public aid to private enterprises on a case by case basis, he argues that not only should the UK revive its NEB, but that other countries, notably the United States, could benefit by establishing their own versions of it. Indeed, throughout, the author’s perspective as an outsider makes him peculiarly alive to the relevance of the UK example to a whole range of international cases. As the first scholarly, full-length study of the NEB, this book will be of value to those interested in the relationships between venture capitalists generally and the enterprises in which they take equity. It will also interest those studying the relationship between holding companies and their subsidiaries.
State Capitalism: How the Return of Statism is Transforming the World
by Joshua KurlantzickThe 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.
State Collapse and Reconstruction in the Periphery: Political Economy, Ethnicity and Development in Yugoslavia, Serbia and Kosovo
by Jens SörensenIn the 1990s, Yugoslavia, which had once been a role model for development, became a symbol for state collapse, external intervention and post-war reconstruction. Today the region has two international protectorates, contested states and borders, severe ethnic polarization and minority concerns. In this first in-depth critical analysis of international administration, aid and reconstruction policies in Kosovo, Jens Stilhoff Sörensen argues that the region must be analyzed as a whole, and that the process of state collapse and recent changes in aid policy must be interpreted in connection to the wider transformation of the global political economy and world order. He examines the shifting inter- and intracommunity relations, the emergence of a "political economy" of conflict, and of informal clientelist arrangements in Serbia and Kosovo and provides a framework for interpreting the collapse of the Yugoslav state, the emergence of ethnic conflict and shadow economies, and the character of western aid and intervention. Western governments and agencies have built policies on conceptions and assumptions for which there is no genuine historical or contemporary economic, social or political basis in the region. As the author persuasively argues, this discrepancy has exacerbated and cemented problems in the region and provided further complications that are likely to remain for years to come.
State Competence and Economic Growth in Japan (Routledge Studies in the Growth Economies of Asia)
by Yoshiro MiwaYoshiro Miwa asks whether a state can correct market failures and in particular critically analyses the performance of the Japanese economy as a result of state intervention within it. In order to examine the capacity of the state to promote growth, Miwa examines the Japanese machine tool industry, the government's role in promoting this sector and government efforts to achieve growth in small and medium sized enterprises in Japan.
State Corporate Control in Transition: Poland in a Comparative Perspective
by Piotr KozarzewskiSince the global financial crisis of 2008-2009, there has been a growing interest among policy makers towards the more active role of the state in the enterprise sector. This book provides valuable insight into the changing role of state-owned enterprises in economic policy, a topic at the cross section of several interrelated, but usually independent research streams first of all transition research, varieties of capitalism literature, public choice approach and institutionalism studies. With the existing literature on state ownership concentrating on the developed economies and on selected emerging economies, this book fills an important gap in focusing on the post-communist transition countries. The Polish experience is looked at in a comparative perspective of selected transition countries, which deserve special attention as they had to cope with a radical change of their economic policies towards the enterprise sector. This book will be valuable reading for academics in economic policy, transition economics, and institutional economics, and policy makers and practitioners in EU bodies and emerging economies.
State Crimes Against Democracy: Political Forensics in Public Affairs
by Andrew Kakabadse Alexander Kouzmin Matthew T. WittAssembles leading theorists of a new paradigm of political theory, State Crimes Against Democracy , undertaking judicious and devoted hacking exposing the elusive nodes and circuitry that propagate elite dominance in world affairs, and what can be done to restore the demos to democracy.
State Employment Policy in Hard Times
by Michael BarkerTwo hundred years ago, Samuel Johnson observed that a society's level of civilization could be gauged by the manner in which it treated its poor. By that measure, the United States today is steadily losing ground. Whereas the number of officially defined poor dwindled steadily from the enactment of the Great Society programs in the mid-1960s, reaching a low of 24.5 million people in 1978, it has since risen to more than 32 million people. Although the economy continues to generate large numbers of new jobs, the basic unemployment rate continues to rise and current projections show little likelihood of unemployment rates consistently below 10 percent until some time after 1984, if then. In the years to come, the creation of an equitable and workable employment policy will be a major agenda item for politicians and policy makers at the state level, as well as for national leaders.
State Energy Transition: German and American Realities and Chinese Choices (The Great Transformation of China)
by Lei Wang Tong ZhuThis book places a current topic—energy transition—within the historical background of human social development and explores the value and significance of energy transition for economic transition in the course of economic growth. It sheds light on the basic logic and the distinguishing characteristics of energy transition by reviewing the history of energy transition development in order to provide a new perspective for understanding and analyzing China's energy transition considering lessons from the German and American energy transition experiences. This book will be of interest to environmentalists, economists, and journalists.
State Failure and Distorted Urbanisation in Post-Mao's China, 1993–2012 (Palgrave Studies in Economic History)
by Yazhuo Zheng Kent DengThis book examines failure in the urbanisation of Northwest China as a result of government industrial policies that have impacted on the economic development of the region. By looking at the under-researched provinces of Gansu, Qinghai and Inner Mongolia, which make up a quarter of China's territory, Zheng and Deng challenge the common story of China's miracle growth and reveal the dark side of the country’s pursuit of modernity. Severe weather conditions, chronic drought, permanent lack of oxygen and unforgiving terrain in the Northwest make farming, manufacture and services difficult simply because people tend not to stay. Yet, China’s current political system forces growth to take place even though basic conditions and prerequisites for market-based growth are missing. This volume analyses 'ghost cities' and social tension in the process of ‘forced urbanisation’ in which huge amount of resources are wasted, the local environment is systematically damaged and ordinary people’s basic rights are brutally violated in the name of higher GDP and greater government glory.
State Failure, Underdevelopment, and Foreign Intervention in Haiti (Routledge Studies in North American Politics)
by Jean-Germain GrosFailed states are a huge problem in international relations, threatening world order in a number of ways. Conflicts in failed states often spill unto neighbouring states, failed states make for unreliable partners in the resolution of global social problems such as poverty and AIDS, and failed states magnify the effects of natural disasters such as hurricanes and earthquakes. In response to the multiple threats posed by failed states, working states, sometimes acting alone sometimes in concert with others, have undertaken military operations, often under the rubric of humanitarian intervention. This book is a historical study of state failure, underdevelopment and foreign intervention in light of the Haitian experience with all three. Its main thesis is that state failure has been a recurring feature of Haitian political life for much of the country’s history, and this inability of the Haitians to craft a viable political order is at the heart of Haitian poverty and underdevelopment. Haitian state-making failure is underwritten by a complex array of deleterious local and external institutions, as well as natural constraints, including class, lack of elite cohesion, geography, population growth, the social origins of the Haitian polity, imperialism, and technology.
State Fragility and Resilience in sub-Saharan Africa: Indicators and Interventions (Routledge Contemporary Africa)
by John Idriss Lahai Isaac KoomsonThis book focuses on the indicators of fragility and the resilience of state-led interventions to address them in sub-Saharan Africa. It analyzes the ‘figure’ of fragile states as the unit the analysis and situates the study of fragility, governance and political adaptation within contemporary global and local political, economic and socio-cultural contexts. The chapters offer an indispensable, econometrically informed guide to better understanding issues that have an impact on fragility in governance and nation-building and affect policy-making and program design targeting institutions in various circumstances. These issues, as they relate to the indicators of fragility, are the contexts and correlates of armed conflicts on statehood and state fragility, the poverty-trap, pandemics and household food insecurity, and child labor. Case studies from across 46 sub-Saharan African (SSA) countries are assessed to offer clear, broad and multidisciplinary views of what the future holds for them and the international donor communities at large. Regarding state-led interventions, the authors utilize insightful statistical methods and epistemologies to explain the correlates of behavioral language frames and conflict de-escalation on battle-related deaths across the conflict zones within the sub-region, the regional and country-level interventions to end child labor, the institutional frameworks and interventions in the advancement of food security and health. This book will be of interest to scholars of economics, development, politics in developing countries, Area and African Studies, peace, conflict and security studies.
State Fragility and State Building in Africa
by Dele Olowu Paulos ChanieThis book describes the contrast between the strong economic growth and democratization that have occurred in Africa and its stalling political progress. It presents and discusses fragility as the phenomenon that has caused the state to remain weak and faltering and has led to at least one third of the continent's citizens living in fragile states. Following the examination of the drivers of fragility and the impact of fragility on citizens and neighbouring states, the book discusses capacity building approaches. This part shows how effective states can be built on the African continent, a process that would result in a change from state fragility to state resilience. It is based on lessons learnt from close studies of the nations where the state has been most developed in the region, in Eastern and Southern Africa. The book provides and responds to the most recent and up-to-date information on African development and uses insights of people who have lived and worked in the continent for most of their lives.
State Fragility, Business, and Economic Performance: An Ethiopian Perspective (Palgrave Studies in Democracy, Innovation, and Entrepreneurship for Growth)
by Belay SeyoumThe growing number of states with weak capacity to carry out basic governance functions is leading to unacceptable levels of human suffering. Using Ethiopia as a case study, this book acknowledges the multidimensional nature of state fragility and highlights the non-political factors that drive it.The first part uses institutional theory to explore how weak institutions become a source of state fragility by undermining social cohesion and the broader economic progress of countries. Part two examines the role of entrepreneurship and industrial policy as a means of creating and sustaining economic and political stability, trade policy as a means of increasing incomes and easing tensions, and technology policy as a means of engaging people in entrepreneurship and innovation. The final chapter provides lessons that fragile nations can learn from successful developing countries in Southeast Asia and Latin America.This book will appeal to researchers interested in international business, economic and business policy, international trade, and emerging markets who seek to understand how fragile states can promote sustainable peace and development.
State Governance and Public Finance Theory: A Chinese Perspective (China Perspectives)
by Ma Jun Gao PeiyongThis book explores the fundamental theories, methodologies, and innovative directions of public finance research, focusing on its relationship with and role in state governance.Public finance is the foundation and an important pillar of state governance. The two mutually reinforce each other at the macro level and in broader contexts, necessitating the reconstruction of a public finance discipline system that meets the needs of Chinese society. This book addresses key theoretical issues in public finance, with its main discussions covering: the need, feasibility, and direction of innovation in fundamental theory research approaches a multidisciplinary perspective the history, progress, and future of public finance in China the development of the discipline and teaching approaches research trends quantitative research methods; and practical issues related to tax system reform. The title will be a valuable reference for researchers and students in the fields of public economics, public finance, Chinese fiscal policy and tax system.
State Government Budget Stabilization
by Yilin HouThis book is the first comprehensive, full-scale treatment of the law, politics and economics with regard to the policies and policy instruments for budget stabilization at the state level. Covering the period from 1946 through 2008 in the United States, it provides details on the methods and results of empirical tests of the effects of budget stabilization instruments on government operations, public service provision, and some other aspects of social and economic life. With the lingering effects of the most recent financial crisis and economic downturn, and the subsequent Tea Party movement advocating smaller government and deficit reduction, this book carries timely and important theoretical as well as practical implications, particularly in regard to the potential for counter-cyclical fiscal policy in mitigating negative impacts during a recession. The first contribution of the book is in public finance theory: it provides insights into the applications of the stabilization function in the context of strong government, thereby refining Keynesianism. The second aspect is in Public Choice: the creation and functioning of budget stabilization funds offer extra evidence to demonstrate that the general public provides input and voice in more than the conventional ways when it comes to policy making, even in an area dominated by strong government. The third aspect is in policy making, exploring the opportunities for refining policy tools in preparation for future downturns.
State Grid: Corporate Social Responsibility
by Christopher Marquis Nancy Hua Dai Dongning YangIn October 2009, State Grid, the largest utility company in the world, and a pioneer and leader in CSR practices in China, was planning its 2009 CSR Report and long-term CSR implementation. Some of the specific challenges faced at the time include: How could the company balance the different stakeholder expectations and respond to their concerns in a clear and concise way? To what extent should the company reference international standards in its CSR reporting? How could it change the mindsets of 1.5 million employees across diverse geographies to help them abide by CSR principles and management policies on a daily basis? Finally, how could State Grid improve its stakeholder management to establish mutual trust with stakeholders so that they would see State Grid as a responsible company?
State Health Insurance Market Reform: Toward Inclusive and Sustainable Health Insurance Markets (Routledge International Studies In Health Economics #Vol. 2)
by Joel C. Cantor Alan C. MonheitIn this volume, leading American health economists provide a critical assessment of the current state of knowledge of insurance market reform that is accessible to both policy-makers and researchers.
State Institutions, Private Incentives, Global Capital
by Andrew C. SobelThe growth of global finance since 1960 constitutes one of the most important transformations in social relations during the twentieth century. Using historical, statistical, and graphical techniques,State Institutions, Private Incentives, and Global Capitalexamines three important aspects of this phenomenal shift in the international political economy. First, Andrew Sobel explores the reawakening of the international financial markets, mapping their extraordinary transformation since the early 1960s and discussing the role of politics in that metamorphosis. The author then offers a fresh understanding of the systematic differences in access for borrowers in this rapidly transforming and expanding global capital pool. He then demonstrates the influence of political factors in producing differential access to the global capital pool. Showing how the character and stability of a country's political system affects investors's decisions to invest in that country, Sobel breaks new ground in understanding the basis for the frequent admonitions by the World Bank and others that a stable political and legal system are essential for states to attract significant foreign investment. With the growing debate about the effect of financial interdependence on the ability of states to conduct economic policy and indeed to preserve their independence in the face of unprecedented economic linkages, this book will be of interest to political scientists and economists as well as policy makers concerned with the impact of financial globalization and the causes of differentials in access to capital. Andrew C. Sobel is Assistant Professor of Political Science and Resident Fellow, Center in Political Economy, Washington University, St. Louis. He is the author ofDomestic Choices, International Markets: Dismantling National Barriers and Liberalizing Securities Markets.
State Mineral Enterprises: An Investigation into their Impact on International Mineral Markets (Routledge Revivals)
by Marian RadetzkiState ownership in mineral industries has increased massively from the 1950’s affecting the world mineral sector greatly. Originally published in 1985, this study analyses the effects this had on the international market covering topics such as state takeovers of mineral firms, price stabilisation methods, state-owned enterprises in developing countries and whether state ownership will negatively impact private multinational companies. This title will be of interest to students of environmental studies.
State Of The World 2012: Moving Toward Sustainable Prosperity
by The Worldwatch InstituteThis text, produced by the Worldwatch Institute, outlines the issues, concerns, and possibilities raised by the UN Conference on Sustainable Development, known as the Rio+20. The core issues for building a green economy are: degrowth in the developed nations; economic democracy; a shift from consumption-oriented renumeration to shortening work-time; pricing does not reward needless consumption of bulk-bought goods; shifting from obsolescence to durability, repairability and upgradability; curbing population growth and preserving biodiversity; sustainable and equitable food-systems; and local governance. As an international conference about sustainable development, the issues focus on building "a new global solidarity. " The authors rely on a mixture of planning and harnessing market forces. The text is laid out in teachable modules with sub-sections, graphs, and a minimum of math. The Worldwatch Institute is a think-tank and network of partners devoted to generating insights for decision-makers to make a sustainable human society. Annotation ©2012 Book News, Inc. , Portland, OR (booknews. com)
State Policies and Internal Migration: Studies in Market and Planned Economies (Routledge Revivals)
by A. S. OberaiFirst published in 1983, State Policies and Internal Migration presents a comprehensive overview of migration influencing policies and programmes in the developing countries. Population movements and the spatial distribution of population have become matters of vital concern in most developing countries. This ILO initiated research presents case studies from Malaysia, India, Sri Lanka, Indonesia, Nepal, and Poland to discuss themes like population distribution and development strategies; migration related policies and trends; transmigration and accumulation; population distribution policies and planned resettlement; and socio-economic development and rural-urban migration to understand state intervention in the promotion of capitalist or socialist development. This book is a must read for scholars and researchers of migration studies, economics, and labour economics.
State Policies and Migration: Studiesin Latin America and the Caribbean (Routledge Revivals)
by Guy Standing Peter PeekFirst published in 1982, State Policies and Migration is a study on migration-related government action. This book consists of analyses of various rural reforms and industrial strategies in eight Latin American and Caribbean countries. The emphasis of the studies has been determined by the particular context of the country or region concerned, but in general the studies fall into three categories. The first four chapters are primarily concerned with land reforms, however partial. The next two chapters focus on general industrialisation strategies, considering their impact on urbanisation and the attempts made to achieve population redistribution within the context of the longstanding process of industrialisation. Finally, the third section consists of two very different cases of attempts to alter population distribution in the context of transforming the socio-economic structure. This book will be of interest to students of economics, agriculture, history, public policy and migration studies.