State Intervention in the Private Sector: Application of the Competition Rules

In the Philippines, a mixture of public and private higher education institutions (HEIs) exists. Because of the government subsidy among the public HEIs, the major concern of the private sector is the “uneven playing field”. This study hopes to eliminate this unhealthy competition and market distortion in the educational landscape. This study utilizes the quantitative non-experimental retrospective explanatory design. Results show that regardless of the extent of state intervention, the market can be distorted. Hence, assigning specific programs to be offered based on the type of HEI is a good alternative. The programs to be fully subsidized and offered by the government are agriculture, sciences, engineering, manufacturing and construction, and humanities and arts (HA) while services, health and welfare, education and social sciences, business and law programs will be for private sector service providers. This stimulates healthy competition among the HEIs leading to a better quality of education.

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State Intervention in the Private Sector

An Introduction to Industrial Economics ◽

10.4324/9781351244633-9 ◽

2018 ◽

pp. 331-397

Author(s):

P. J. Devine ◽

N. Lee ◽

R. M. Jones ◽

W. J. Tyson

Keyword(s):

Private Sector ◽

State Intervention

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The First Cartel Discovered on the Georgian Market. Case Comment to the Decision of 14 July 2015 on the Car Fuel Commodity Market (Order No 81 of the Chairman of the Georgian Competition Agency)

Yearbook of Antitrust and Regulatory Studies ◽

10.7172/1689-9024.yars.2016.9.13.9 ◽

2016 ◽

Vol 9 (13) ◽

pp. 165-178

Author(s):

Zurab Gvelesiani

Keyword(s):

Competition Law ◽

State Intervention ◽

Commodity Market ◽

Business Practices ◽

Transparency International ◽

The Public ◽

Market Order ◽

Competition Rules ◽

The Media

An oligopoly and a presumed cartel on the fuel market used to be a widely discussed issue and topic of endless speculations in Georgia for years. It was an issue frequently covered by the media, discussed by politicians, studied and analysed by the NGO sector, examined by various experts and commented on by academics. In the absence of competition rules, the fuel market was often used as proof of the unhealthy development of the Georgian economy, in order to demonstrate the need for state intervention (Rimple, 2012; Transparency International Georgia, 2012). It thus came as no surprise that when Georgian Competition Law (hereafter, GCL) was adopted, and the Georgian Competition Agency (hereafter, GCA or Agency) started functioning, the first segment of the economy which the Agency choose to investigate on its own initiative was no other but the fuel commodity market. It was a strategically well chosen subject, which would attract the attention of the public as well as of businesses. It would popularize the new legal field as well as make an example and establish new standards for fair business practices in Georgia.

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THE ECONOMICS OF NEW DEVELOPMENTALISM: A CRITICAL ASSESSMENT

Investigación Económica ◽

10.22201/fe.01851667p.2021.317.79804 ◽

2021 ◽

Vol 80 (317) ◽

pp. 3

Author(s):

Thomas Palley

Keyword(s):

Private Sector ◽

Principal Components ◽

Development Process ◽

State Intervention ◽

Critical Assessment ◽

Dutch Disease ◽

Policy Recommendations ◽

Budget Deficits ◽

Third Way ◽

Development Perspective

This paper critically assesses the economics of New Developmentalism (ND). It begins by identifying and formalizing the principal components of ND which are identified as neutralizing Dutch disease, ending growth with foreign saving, development driven by a technologically advanced and internationally competitive manufacturing private sector, and getting macroeconomic prices right. It then examines four strands of critique consisting of internal economic logic critiques, Classical Developmentalism (CD) critiques, Keynesian and Neo-Kaleckian critiques, and the fighting the last war critique. To this author, ND is best understood as a Third Way styled analysis that blends CD heterodoxy and Neoliberalism. However, ND’s substantive policy recommendations lean in the Neoliberal direction, particularly as regards budget deficits and state intervention in the development process. From a Classical Development perspective, the problematic of development cannot be solved as easily as suggested by ND. LA ECONOMÍA DEL NUEVO DESARROLLISMO: UNA EVALUACIÓN CRÍTICARESUMENEn este artículo evalúo de forma crítica la economía del nuevo desarrollismo (ND). Comienza por identificar y formalizar los principales componentes del ND descritos por la neutralización de la enfermedad holandesa, la eliminación del crecimiento con ahorro externo, el desarrollo motivado por un sector manufacturero privado tecnológicamente avanzado y competitivo a nivel internacional y el establecimiento de precios macroeconómicos correctos. Posteriormente examino cuatro aspectos consistentes en la crítica de la lógica económica interna, la crítica del desarrollismo clásico (DC), las críticas keynesiana y neokaleckiana y la lucha de la crítica de la última guerra. El ND se entiende mejor como un análisis estilizado de tercera vía que combina heterodoxia y neoliberalismo. Sin embargo, sus recomendaciones de política sustantivas se inclinan en dirección neoliberal, en particular en lo que se refiere a los déficit fiscales y a la intervención del Estado en el proceso de desarrollo. Desde la perspectiva del desarrollo clásico, la problemática del desarrollo no puede resolverse de forma tan fácil como sugiere el ND.

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What has the state got to do with the venture capital market?

Acta Oeconomica ◽

10.1556/aoecon.53.2003.3.3 ◽

2003 ◽

Vol 53 (3) ◽

pp. 271-291 ◽

Cited By ~ 4

Author(s):

J. Karsai

Keyword(s):

Private Sector ◽

Venture Capital ◽

Supply And Demand ◽

State Intervention ◽

The State ◽

Growth Potential ◽

Medium Size ◽

Good Growth ◽

The European Union ◽

Capital Financing

Since the development of young companies with a good growth potential can also be expected to boost economic growth, reduce unemployment and enhance competitiveness, economic policy makers consider it a matter of prime importance that the venture capital industry provide appropriate capital supply for their development. Many countries implement central programmes to promote the venture capital financing of the development of enterprises that would have no access to venture capital on a purely market basis. The experience in Hungary is that state intervention in the venture capital industry mainly has political reasons, it uses budgetary sources sparingly and it is isolated from the private sector. But for its almost complete inefficiency, state activity would have softened the conditions of competition, crowded out the private sector and given preferential treatment to the political clientele. Realizing the abortive nature of its intervention, the state made no effort to identify the causes of failure and the role of supply and demand factors, respectively, hindering the venture capital supply of the small and medium-size enterprise (SME) sector. The intervention practice chosen by the state most recently is contrary to the practice of the European Union in several respects — a circumstance dooming government measures to boost the venture capital industry to failure again.

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