Corporate governance and residual state property (two qualitative shortcomings of privatization in transition countries)

2000 ◽  
Vol 9 (1) ◽  
Author(s):  
Wladimir Andreff
Keyword(s):  
Corporate Governance ◽  
Economic Transition ◽  
Economic Restructuring ◽  
Transition Countries ◽  
State Regulation ◽  
Informal Networks ◽  
Privileged Position ◽  
Role Of The State ◽  
Irregular Economy

The privatization in transition countries generated distorsions. Among the most dangerous distorsions are those introduced by a non legal or criminal privatization of management with the help of former or new informal networks connecting managers to the irregular economy and to some extent to the mafia. State regulation is required to control again monopoly power in privatized utilities and sectors where private stakes have won privileged position. It should be better to recognize the unavoidable role of the state in economic restructuring and use its intervention as a complementary - rather than an antagonistic - tool of the economic transition.

scholarly journals INTERNATIONAL EXPERIENCE OF THE STATE REGULATION OF TOURISM: LESSONS FOR UKRAINE

2020 ◽  
Author(s):  
V. Stoika ◽  
Keyword(s):  
State Regulation ◽  
The State ◽  
Frequent Change ◽  
Role Of The State ◽  
Constituent Element ◽  
State Participation ◽  
History Of ◽  
Tourist Infrastructure ◽  
Governmental Institutions

Organization of the state regulation of tourism in Ukraine and opportunities for its improvement on the basis of learning from the experience of leading tourist countries in Europe is the purpose of the study. The notion and main purpose of the state regulation of tourist activities is substantiated. It is established that the history of the state regulation of tourism in Ukraine points to the frequent change and re-organization of its central body, which did not facilitate the development of tourism. Analysis of the role of the state in the organization and development of tourist activities in different countries of the world allowed determining four types of models of the state participation in regulation of tourism as a constituent element of economy of the mentioned countries: American, Budget-Forming, European and Mixed. Experience of leading tourist countries (France, Spain, Great Britain and Italy) convinces of the necessity for the efficient building-up of the state bodies responsible for the development of the mentioned branch. Efficient organization of tourism in a country and its state regulation, cooperation with non-governmental institutions, active promotion of the national tourist product, implementation of efficient promotion and PR activities and a developed tourist infrastructure facilitate interest in this country by the tourists and inflow of monetary resources.

scholarly journals State Regulation and the New Taylorism

2002 ◽  
Vol 56 (4) ◽  
pp. 747-769 ◽  
Author(s):  
John Lund ◽  
Christopher Wright
Keyword(s):  
Management Practice ◽  
New Technology ◽  
State Regulation ◽  
Management Control ◽  
The State ◽  
American System ◽  
Role Of The State ◽  
Over Time ◽  
Labour Regulation

Summary Studies of the diffusion of new workplace technologies and management practice often fail to account for differences in state labour regulation. This article examines the role of the state in seeking to regulate the introduction of an American system of computerized work monitoring in the Australian grocery warehouse industry. While the establishment of a government inquiry into the technology offered the potential for significant constraints upon management control, over time the state’s role shifted to a more accommodating stance that endorsed management’s right to use the new technology. The reasons underlying the state’s ultimate support for the technology are explored, as are the broader implications for national variations in the global diffusion of new workplace technologies.

scholarly journals Informal Institutions in the Corporate Governance System in Russia

2016 ◽  
Vol 19 (4) ◽  
Author(s):  
Monika Fiedorczuk
Keyword(s):  
Corporate Governance ◽  
Dominant Role ◽  
Informal Institutions ◽  
Point Of View ◽  
Minority Shareholders ◽  
Governance System ◽  
Market Mechanisms ◽  
Role Of The State ◽  
Corporate Governance System

The corporate governance system in Russia, having evolved through years, can be characterized by the following features: the dominant role of the concentrated ownership structure, corporate supervision relying on a combination of ownership function and company management, the significant role of the state as the owner, and the fairly marginal relevance of external market mechanisms. Those features result partly from particular legal solutions and partly from the unwritten, informal customs or patterns of behaviour of the so-called informal institutions.The article’s main thrust is to analyse selected informal institutions which were considered the most significant from the Russian corporate governance system point of view. These are, among others: the tendency not to obey the rights of minority shareholders, informal relationships of enterprises with authorities of various levels, and corruption. The author assumes that informal institutions decide upon the specificity of the corporate governance system in Russia and its particular elements, and upon the efficient functioning of supervisory mechanisms.

scholarly journals SOCIO-ECONOMIC POLICY OF UKRAINE: PROBLEMS AND SOLUTIONS

2021 ◽  
pp. 185-193
Author(s):  
О. О. Nikogosyan
Keyword(s):  
Economic Policy ◽  
Social Stratification ◽  
State Regulation ◽  
The State ◽  
Market Failures ◽  
Private Business ◽  
Present Stage ◽  
Role Of The State ◽  
The Social

The article defines the priorities of the social policy of Ukraine at the present stage. The socio-economic problems of Ukraine are analyzed, their causes and solutions are identified. It is shown that the main reason for the failures of the socio-economic policy of independent Ukraine is the uncritical attitude of Ukrainian reformers to the consequences of neoliberal policies in other countries, as a result of which foreign experience of socio-economic reforms began to be introduced without taking into account domestic specifics. The decline in the role of the state in socio-economic policy, the increase in the role of private business, the privatization of "everything and everyone" led to a sharp social stratification, an economic crisis, which became a trigger for crises in all spheres of Ukrainian society. One of the fundamental principles of neoliberal economics, deregulation, has also collapsed. It turned out that the market is not efficient in areas in which the business cannot make quick and large profits. The so-called "market failures" demonstrated the need for state regulation in the spheres of education, health care, ecology, etc. Conclusions of the study and prospects for further research in this direction. Thus, if the new government really wants to build a successful country of happy people, it must make social and economic policy its top priority. Its primary tasks at the present stage should be: reduction of tariffs for utilities by eliminating from them the corruption component and excess profits of suppliers; revision of the principles of granting subsidies for utility bills. Exclusion from the number of subsidies of those who do not need state aid, but have a formal right to receive it (they work unofficially); the fight against the shadow economy, with the concealment of income from taxation; reforming the system of wages and pensions; creation of jobs with decent wages; establishing interaction between the state and private business in order to increase the social responsibility of the latter.

Intercapitalist Maneuvers and the ICD-10 Transition: The Instrumental Role of the State in the Corporate Governance of U.S. Health Care

2019 ◽  
Vol 49 (3) ◽  
pp. 457-475 ◽  
Author(s):  
Mary Bugbee
Keyword(s):  
Health Care ◽  
Corporate Governance ◽  
Financial Burden ◽  
Health Sector ◽  
The United States ◽  
The State ◽  
Coding System ◽  
Role Of The State ◽  
Icd 10

In 2015, the United States transitioned to the ICD-10-CM/PCS, a comprehensive updated coding system for medical reimbursement. This transition was part of a larger move toward value-based reimbursement in U.S. health care and required nearly 2 decades of planning. As an unfunded mandate from Congress, it created a substantial financial burden for many groups within the health sector. This article traces the ICD-10 transition using the concept of the corporate governance of health care, attending to the role the state plays in mediating intercapitalist maneuvers. The ICD-10 was not a simple top-down declaration originating in a neutral state. Rather, it was produced and modified through lobbying efforts on the part of various stakeholders who, along with their competitors, would be affected by the transition in differential ways. The health information technology industry, in particular, stood to gain the most from this transition, at the expense of other capitalist players. An examination of the intercapitalist maneuevers behind the ICD-10 transition demonstrates that even when corporate powers govern U.S. health care, the role of the state should not be written off as inconsequential but rather interrogated and analyzed in relation to the corporate interests with which it is entangled.

The role of the state in corporate governance

2014 ◽  
Vol 19 (3) ◽  
pp. 291-307 ◽  
Author(s):  
C Richard Baker ◽  
Bertrand P Quéré
Keyword(s):  
Corporate Governance ◽  
The State ◽  
Role Of The State

THE CREATION OF NEW JOBS AND ECONOMIC RESTRUCTURING

2020 ◽  
Vol 552 (3) ◽  
pp. 10-16
Author(s):  
Stanisława Golinowska
Keyword(s):  
Labour Market ◽  
Economic Restructuring ◽  
Professional Activity ◽  
The European Union ◽  
Economic Role ◽  
The Public ◽  
Role Of The State ◽  
Mobility Skills ◽  
New Jobs

The article was created not only as a summary of the international conference organized under the auspices of the Minister of Finance Leszek Balcerowicz and the Minister of Labour Longin Komołowski on October 23–24, 1998 in Warsaw. It also contains comments and reflections of the author, who was a co-organizer and active participant of this conference. The thematic covers the basic issues of labour market development in the context of economic problems of the passing decade of the Polish transformation. The topics discussed concerned problems such as: labour market flexibility, employee mobility, skills of labour resources and education challenges. The debate also concerned: motivation instruments including payroll (minimum wage) and social benefits policies, that favour of restructuring, increase in the importance of regional policy and local government, and directions of transformation of two special branches of the Polish economic structure: mining and agriculture. It is worth assessing how, after twenty years, the same themes look in a completely different context: the country’s entry into the orbit of accelerated globalization, the effects of participation in the European Union, the radically changed situation on the labour market (instead of unemployment – low supply of labour resources and low professional activity) and a different paradigm for socio-economic development; increase of the economic role of the state and political regulations in the public policies

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