From Public to Private Investment Based Development Strategy: Understanding the Process, Policies and Effects of the Paradigm Shift

1998 ◽  
Vol 2 (1) ◽  
pp. 52-62
Author(s):  
Sunitha Raju
Keyword(s):  
Development Strategy ◽  
Private Investment ◽  
The State ◽  
Policy Framework ◽  
General Belief ◽  
Commercial Activities ◽  
Development Agenda ◽  
Role Of The State ◽  
And Performance

This paper analyses India’s Industrial transition from a protectionist to a liberalised regime. As such, the analysis is for two time periods, namely, the Pre and the Post Reform periods. Given the broad development objectives, the focus of the analysis is on examining the policy framework and its effect on the industrialisation process. At the sectoral level, the relative roles of the public and the private sectors have been analysed in terms of their investment behaviour and performance. Even though there has been evidence of positive efficiency gains in the post reform period, this paper argues that economic liberalisation in India has been primarily reactionary in nature, without any long term development agenda. Contrary to the general belief that economic liberalism would diminish the role of the State, the paper argues that the role of the State needs to be redefined. Considering our development needs, the State should concentrate on designing appropriate policies for regulating private sector instead of actively participating in commercial activities, develop rural infrastructure for greater employment opportunities; and strengthen the social security systems.

Subjects of privatisation in catering and tourism and the development strategy of the Republic of Croatia

1995 ◽  
Vol 1 (2) ◽  
pp. 393-412
Author(s):  
Jože Perić
Keyword(s):  
Development Strategy ◽  
Ownership Structure ◽  
Foreign Capital ◽  
The State ◽  
Main Role ◽  
Holding Companies ◽  
Role Of The State ◽  
The Development Strategy ◽  
The Republic

After the first phase of privatization - transformation of ownership - the ownership structure in catering and tourism has been established with the dominant share of the State funds (The CPF and The PF) and of small shareholders. The present ownership structure cannot survive as incompatible to market economy. The lack of the development strategy and privatization strategy are unfavourable for the optimalisation of the ownership structure. However, it is possible to consider some process changes in respect to the subjects of privatization. The CFP will gradually disappear and the number and share amount of small shareholders will decrease considerably. New forms of private capital will appear - holding companies, family and individual capitals of different size and organization. From the aspect of needed strategy, it is necessary to accept the dynamics, aims of privatization and the increase of foreign capital. Catering and tourism need to be adapted for further privatization (recovery and reconstruction). In respect to the optimal ownership structure and possible strategic interests (investment possibilities, Diaspora, small shareholders) market rules and the main role of the State in further process of privatization must be considered.

scholarly journals STATE AS THE MAIN INSTITUTIONAL AND STRATEGIC SUBJECT OF ELABORATION AND IMPLEMENTATIONOF THE INNOVATIVE AND SUSTAINABLE DEVELOPMENT

2019 ◽  
Vol 21 (4(73)) ◽  
pp. 22-36
Author(s):  
A.M. VDOVICHENKO ◽  
O.V. KALINCHAK ◽  
M.A. KUZNETSOVA
Keyword(s):  
Sustainable Development ◽  
Development Strategy ◽  
Private Property ◽  
Practical Importance ◽  
Developed Countries ◽  
Economic Transformation ◽  
The State ◽  
Institutional Transformation ◽  
Role Of The State

Topicality. The effect of modern globalization processes leading to escalating competition make it actual and necessary to learn historical studies of implementing reforms worldwide and the role of the state in the process of institutional transformation provided by highly developed countries of the world. Therefore, the present day the key issue of Ukraine resolving which has the theoretical and practical importance is the issue of the institutional modernization with defining the role and placing of the state on course of implementing and supporting the innovative and sustainable development. Aim and tasks: to prove, on the basis of learning the historical studies of implementing reforms worldwide and the role of the state in the process of institutional transformation, that at the present stage of human development it is the state that is in a role of the main institutional strategic subject of the innovative and sustainable development strategy that has the practical importance for defining the direction of the further social and economic transformation in Ukraine. Research results. The article is focused on that the market system in its classical form is past the point of the historical development. Gradually, in view of objective reasons, the placing and functions of the state have been changing in the direction of consolidation of its role, direct dealing with resolving fateful issues. Nowadays in successful and developed countries it is the main institutional and strategic subject of mixed economic system, one of its organization components. The overview of historical experience of the reform implement in countries that have achieved substantial gains proves that these gains are connected with the institutional reformations with the state being in the heart of them. On the other hand, dogmatical proclamation of private property privileges under any circumstances and at the same time the removal of the state from resolving fateful issues, the glamorization of the market of Ukraine and as a result � system error while choosing and implementing the model of economic development, have led to the formation of oligarchic capitalism with the objective traits peculiar to it. Therefore, the present day the issue must be not the reforms modernization and intensification but the change of their rates, the economy management philosophy in general. Conclusion. The research that had been made gave an opportunity to substantiate the attitude of the authors being that without the complex system support of the real sector of economy with the focus on innovation, without consolidation of state property and its institutes including those on the backs of reprivatizing the strategically important enterprises as the fundamental principle of the future economy of Ukraine the fateful issues would be impossible to resolve.

16. Development

2017 ◽  
Author(s):  
Tony Addison
Keyword(s):  
Development Strategy ◽  
Development Policy ◽  
Poverty Reduction ◽  
The State ◽  
Market Mechanism ◽  
Economic Role ◽  
Role Of The State ◽  
Policy Objectives ◽  
The Relationship

This chapter examines development policy objectives and their explicit focus on poverty reduction. It first considers different definitions of development policy objectives before discussing the roles that the market mechanism and the state should play in allocating society’s productive resources. In particular, it looks at the economic role of the state as one of the central issues dividing opinion on development strategy and explains how rising inequality led to a backlash against economic liberalization. The chapter proceeds by exploring the relationship between economic growth and poverty reduction, along with the political difficulties that arise from economic reform. It also analyses the importance of transforming the structure of economies and the new global development landscape, including changes in development finance.

The Role of the State in Harnessing Trade-and-Investment for Development Purposes

2016 ◽  
Author(s):  
Theodore H. Moran
Keyword(s):  
Developing Countries ◽  
Development Strategy ◽  
Import Substitution ◽  
Free Trade Agreements ◽  
Developmental State ◽  
The State ◽  
Labor Market Policies ◽  
Role Of The State ◽  
Trade And Investment

This article focuses on the role of the state in utilizing foreign direct investment (FDI) to achieve development. It begins by considering the benefits and dangers from trade-and-investment flows before turning to the long-standing debate about the merits of export-led growth vs. inward import substitution as a development strategy. It then examines whether the liberalization of trade-and-investment enhances economic growth, particularly in developing countries. The article also discusses “structural transformation” and its implications for labor-market policies; the importance of forced technology transfer in creating national champion firms; the role of an explicit industrial policy in today’s developmental state; and whether developing countries need more “policy space” for trade-and-investment policy than what they are entitled to under free trade agreements, bilateral investment treaties, and the World Trade Organization. Finally, it assesses the politics underlying the use of FDI to develop internationally competitive manufacturing industries in the host country.

Economic and Legal Support for Commercialization of Intellectual Property in Russia

2003 ◽  
pp. 66-76
Author(s):  
I. Dezhina ◽  
I. Leonov
Keyword(s):  
Intellectual Property ◽  
The State ◽  
Commercial Application ◽  
The West ◽  
Role Of The State ◽  
Legal Context

The article is devoted to the analysis of the changes in economic and legal context for commercial application of intellectual property created under federal budgetary financing. Special attention is given to the role of the state and to comparison of key elements of mechanisms for commercial application of intellectual property that are currently under implementation in Russia and in the West. A number of practical suggestions are presented aimed at improving government stimuli to commercialization of intellectual property created at budgetary expense.

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