Wacana Publik ◽  
2019 ◽  
Vol 12 (02) ◽  
Author(s):  
Syamsul Ma'arif

After had being carried out nationalization and hostility against west countries, the New Order regime made important decision to change Indonesia economic direction from etatism system to free market economy. A set of policies were taken in order private sector could play major role in economic. However, when another economic sectors were reformed substantially, effords to reform the State Owned Enterprises had failed. The State Owned Enterprise, in fact, remained to play dominant role like early years of guided democracy era. Role of the State Owned Enterprises was more and more powerfull). The main problem of reforms finally lied on reality that vested interest of bureaucrats (civil or military) was so large that could’nt been overcome. 


2003 ◽  
Vol 52 (3) ◽  
pp. 697-736 ◽  
Author(s):  
Look Chan Ho

In its simplest form, a transnational insolvency involves an insolvency1 proceeding in one country, with creditors located in at least one additional country.2 In the most complex case, it involves multiple proceedings, subsidiaries, affiliated entities, assets, operations, and creditors in dozens of nations. Complex international insolvencies continue to proliferate alongside a burgeoning world-wide free market economy that entails the globalisation of commercial and financial markets.3


2021 ◽  
pp. 100-117
Author(s):  
Fereniki Vatavali

This article aims to investigate the transition of housing in Albania from a centrally planned to a free-market economy, by studying practices adopted in housing production. The main argument is that, despite differentiations in urban dynamics, housing sector plays an important role in social integration processes in the post-socialist context and, at the same time, poses crucial questions about the future of Albanian cities.


Author(s):  
Matthew A. Shadle

This chapter looks at neoconservative Catholicism, and in particular the work of Michael Novak. Neoconservative Catholics were critical of both progressive Catholics and the US Catholic bishops for not recognizing the benefits of the free-market economy. In his work, Novak provides a defense of what he calls democratic capitalism, consisting in a free-market economy, democratic political institutions, and a pluralistic culture. Novak offers a Catholic justification of democratic capitalism, appealing to human creativity and the social bonds created through commerce. The chapter also considers criticisms of Novak’s work, looking at issues such as the role of institutions and structures in the economy and the relationship between human creativity and the call to be a disciple of Jesus Christ.


1997 ◽  
Vol 14 (2) ◽  
pp. 155-171
Author(s):  
Muhammad Akram Khan

IntroductionThe recent past has seen fundamental changes in the government’srole in the economy. With the defeat of socialism and the worldwideonslaught of privatization, a new scenario is emerging. The direct roleof government is shrinking and its indirect role is increasing. Arguably,privatization does not necessarily mean “no government,” but rather“better government.” As a result, the following new issues are emerging:What is the extent and nature of government regulation in theeconomy? How can government play an effective role in the redistributionof economic power and still keep the free market economy undisturbed?What structural changes are necessary to protect the publicinterest? How can government itself be regulated? How can we preventgovernment from becoming an instrument of injustice and tyranny?The present paper seeks to discuss these questions from the Islamicperspective.Need for GovernmentWe need government to provide the fundamental legal and socialframework for a free market economy. This framework implies necessarylaws that define the property and other rights, enforce contracts,and describe the status and form of various business organizations. Weneed government to define the rules of the game. Through legislationthe government acts as a referee and forbids foul play. It prohibitscheating and the sale of adulterated foods and drugs; it establishes ...


2019 ◽  
Vol 17 (1) ◽  
pp. 123-141
Author(s):  
Tomasz Stępniewski

The present paper discusses the following research questions: to what extent did errors made by the previous presidents of Ukraine result in the country’s failure to introduce systemic reforms (e.g. combating corruption, the development of a foundation for a stable state under the rule of law and free-market economy)?; can it be ventured that the lack of radical reforms along with errors in the internal politics of Ukraine under Petro Poroshenko resulted in the president’s failure?; will the strong vote of confidence given to Volodymyr Zelensky and the Servant of the People party exact systemic reforms in Ukraine?; or will Volodymyr Zelensky merely become an element of the oligarchic political system in Ukraine?


2018 ◽  
Vol 46 ◽  
Author(s):  
Aniela Dylus

Aniela Dylus, Związek wolnego rynku z dyktaturą polityczną: przejściowy czy trwały? Przykład Chin [The relation between free market economy and political dictatorship – is it of temporary or permanent nature? The example of China] edited by W. Banach, M.A. Michalski, J. Sójka, „Człowiek i Społeczeństwo” vol. XLVI: Między Chinami a Zachodem. Pytanie o źródła chińskiego sukcesu gospodarczego [Between China and the West. An inquiry into the sources of the Chinese economic miracle], Poznań 2018, pp. 103–119, Adam Mickiewicz University. Faculty of Social Sciences Press. ISSN 0239-3271.The relation between free market economy and democracy has been assumed as a paradigm in the western culture since the Enlightenment. However, this paradigm seems to be violated by markets that flourish under the political dictatorship. Are these markets the exceptions to the rule or maybe their scale does not indicate the necessity of paradigm change? Or maybe we are wrong to assume that capitalism flourish mainly in democratic systems? Is it possible that the relation between communist political dictatorship and liberal economy system is only of temporary nature and people that have economical freedom will demand sooner or later their political freedom? To answer these questions, (1) the paradigm of relationship between free market, its prosperity and democracy and (2) the arguments supporting this relationship have been discussed. Referring to Samuel Huntington’s theory, (3) it has been reminded that many factors, not only economical ones, decide about democratization of political life and some exceptions to this rule have been mentioned. (4) The example of contemporary China is one of the most spectacular example. The short characteristic of (5) its economic condition, (6) its economic system and political dictatorship has been presented and then the attempts have been made to give the arguments either for (7) temporary or (8) permanent relationship between free market and political dictatorship in China. Although the idea of democracy, the rule of law and human rights seems not to be the only alternative base of economical market system, it appears to be prevalent and the only one in a longer period.


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