Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498319963
Total Pages : 127 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe by : Christine J. Richmond

Download or read book Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe written by Christine J. Richmond and published by International Monetary Fund. This book was released on 2019-06-18 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Central, Eastern, and South Eastern European (CESEE) region is ripe for a reassessment of the role of the state in economic activity. The rapid income convergence with Western Europe of the early 2000s was not always equally shared across society, and it has now slowed dramatically in many countries of the region.

Competitiveness and Private Sector Development Competitiveness in South East Europe 2021 A Policy Outlook

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264933778
Total Pages : 1871 pages
Book Rating : 4.2/5 (649 download)

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Book Synopsis Competitiveness and Private Sector Development Competitiveness in South East Europe 2021 A Policy Outlook by : OECD

Download or read book Competitiveness and Private Sector Development Competitiveness in South East Europe 2021 A Policy Outlook written by OECD and published by OECD Publishing. This book was released on 2021-07-05 with total page 1871 pages. Available in PDF, EPUB and Kindle. Book excerpt: The future sustainable economic development and well-being of citizens in South East Europe depend on greater economic competitiveness. Reinforcing the region’s economic potential in a post-COVID-19 context requires a holistic, inclusive and growth‐oriented approach to policy making.

Remuneration of Boards of Directors and Executive Management in State-Owned Enterprises

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Publisher : OECD Publishing
ISBN 13 : 926435932X
Total Pages : 95 pages
Book Rating : 4.2/5 (643 download)

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Book Synopsis Remuneration of Boards of Directors and Executive Management in State-Owned Enterprises by : OECD

Download or read book Remuneration of Boards of Directors and Executive Management in State-Owned Enterprises written by OECD and published by OECD Publishing. This book was released on 2022-06-16 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: The remuneration of board members and key executives of listed companies has received considerable attention in the past decade. The same issue has yet to be fully addressed in the case of state-owned enterprises (SOEs). This report seeks to fill the gap by taking stock of the policies and practices underpinning the remuneration of supervisory board members and executive managers of SOEs across 36 OECD member and partner countries.

State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513594087
Total Pages : 153 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges by : Mr. Ernesto Ramirez Rigo

Download or read book State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges written by Mr. Ernesto Ramirez Rigo and published by International Monetary Fund. This book was released on 2021-09-20 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the COVID-19 shock, the key challenge facing policymakers in the Middle East, North Africa, and Central Asia region was how to generate strong, sustainable, job-rich, inclusive growth. Post-COVID-19, this challenge has only grown given the additional reduction in fiscal space due to the crisis and the increased need to support the recovery. The sizable state-owned enterprise (SOE) footprint in the region, together with its cost to the government, call for revisiting the SOE sector to help open fiscal space and look for growth opportunities.

State-Owned Enterprises in the Global Economy

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Author :
Publisher : Routledge
ISBN 13 : 1000594181
Total Pages : 343 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis State-Owned Enterprises in the Global Economy by : Maciej Bałtowski

Download or read book State-Owned Enterprises in the Global Economy written by Maciej Bałtowski and published by Routledge. This book was released on 2022-06-01 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: State-owned enterprises (SOEs) combine economic activities resulting from their position on the market with non-economic functions determined by the state owner. In many of the world’s major economies, SOEs play an important role, and in some, such as China, India, Russia and Brazil, they are outright dominant. At the same time, the existence of SOEs is largely ignored by economic theory and the current figures on SOEs on a global scale available in the literature are questionable in terms of their methodological validity and thus they do not allow for a proper cross-country analysis. This book fills this research gap. It focuses on the scope and importance of SOEs in a broad group of the largest economies, primarily on a variety of quantitative estimates. It contains the results of an extensive and unique empirical study of 37 of the world’s largest economies over the period from 2009 to 2018. The findings showed that the average share of SOEs – measured by operating revenues and total assets – in the group of the largest 100 enterprises (Top 100) of a given country is nearly 30%, while in the Top 20 group it is even slightly higher. The authors present an econometric analysis showing the relationship between the scope of SOEs and the various economic and non-economic characteristics of the studied set of countries. The book also contains an in-depth discussion of selected key issues, such as the functions of SOEs in various types of economies, the role of SOEs in capital markets and the phenomenon of SOEs with foreign capital. This work is addressed to both academic economists, dealing with macroeconomics and economic policy, as well as researchers and analysts from various international organizations and think-tanks.

The Contemporary Russian Economy

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Author :
Publisher : Springer Nature
ISBN 13 : 3031173821
Total Pages : 432 pages
Book Rating : 4.0/5 (311 download)

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Book Synopsis The Contemporary Russian Economy by : Marek Dabrowski

Download or read book The Contemporary Russian Economy written by Marek Dabrowski and published by Springer Nature. This book was released on 2023-01-01 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook offers a wide-ranging, comprehensive analysis of the contemporary Russian economy (as it functions in the early 2020s) concentrated on the economy, economic policy, and economic governance. Chapters cover recent Russian economic history, the economic geography of Russia, natural resources, population, major sectors and industries, living standards and social policy, institutions, governance, economic policy, and Russia's role in the global economy. The book will provide a comparative cross-country context, analysing how the Russian economy and its institutions perform compared to its peers to help students and instructors understand Russia’s strengths, weaknesses, and future challenges. Prepared by a team of leading Russian and international experts on the respective topics, this textbook will be of interest to those studying Russian economics. It will be valuable reading for undergraduate and graduate students of Russian studies, the Russian economy, Russian politics, the economics of transition, the economics of emerging markets, and international relations.

State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513512188
Total Pages : 43 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight by : Bobana Cegar

Download or read book State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight written by Bobana Cegar and published by International Monetary Fund. This book was released on 2019-09-20 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a new database of State-Owned Enterprise (SOE) financial statements, we find that SOEs in Bosnia and Herzegovina are mostly in poor financial shape. We estimate the overall size and composition of the SOE sector, and identify individual companies that affect fiscal and macroeconomic performance. Financial analysis suggests that SOEs are not contributing enough to the economy. We also review the SOE governance framework and find that governments do not exercise their ownership function in line with WB/OECD guidelines. Reforms to the governance frameworks are necessary to foster transparency and improve accountability. More fundamental reform of the SOE sector might increase overall GDP by 3 percent per year.

Competitiveness and Private Sector Development Western Balkans Competitiveness Outlook 2024: Regional Profile

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264501630
Total Pages : 246 pages
Book Rating : 4.2/5 (645 download)

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Book Synopsis Competitiveness and Private Sector Development Western Balkans Competitiveness Outlook 2024: Regional Profile by : OECD

Download or read book Competitiveness and Private Sector Development Western Balkans Competitiveness Outlook 2024: Regional Profile written by OECD and published by OECD Publishing. This book was released on 2024-06-26 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inclusive and sustainable economic growth in the six Western Balkan (WB6) economies depends on greater economic competitiveness. Although the gap is closing gradually, the standards of living in WB6 are well below those of the OECD and EU. Accelerating the rate of socio-economic convergence will require a holistic and growth oriented approach to policy making. This is the fourth study of the region (formerly under the title 'Competitiveness in South East Europe') and it comprehensively assesses policy reforms in the WB6 economies across 15 policy areas key to strengthening their competitiveness. It enables WB6 economies to compare economic performance against regional peers, as well as EU-OECD good practices and standards, and to design future policies based on rich evidence and actionable policy recommendations. The regional profile presents assessment findings across five policy clusters crucial to accelerating socio-economic convergence of the WB6 by fostering regional co-operation: business environment, skills, infrastructure and connectivity, digital transformation and greening. Economy-specific profiles complement the regional assessment, offering each WB6 economy an in-depth analysis of their policies supporting competitiveness. They also track the implementation of the previous 2021 study's recommendations and provide additional ones tailored to the economies’ evolving challenges. These recommendations aim to inform structural economic reforms and facilitate the region’s socio-economic convergence towards the standards of the EU and OECD.

The Evolution of China’s Political Economy

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000877523
Total Pages : 283 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis The Evolution of China’s Political Economy by : Rich Marino

Download or read book The Evolution of China’s Political Economy written by Rich Marino and published by Taylor & Francis. This book was released on 2023-05-01 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: For years, China’s rapid economic transformation was hailed as a successful project that lifted hundreds of millions of people out of poverty. However, in recent times, the Chinese narrative has taken a more negative turn in the eyes of the West. Much of this has to do with the US perception about the role of the Chinese state in its economy and its military build-up, especially in the South China Sea. There’s no question, China’s complex economy can be difficult to understand. Information is often unclear and incomplete, and its data are not always reliable. However, this book presents the reader with a clear picture of China’s economy and how it compares to other advanced economies, mainly the United States. The book unwraps the key features and structures of China’s economy. Moreover, it examines and shows the similarities and differences in comparison with other like economies. In that effort, it underscores the differences by evaluating their benefits as well as their disadvantages, against the backdrop of China’s incomplete transition to a market economy. This along with its governance structure becomes the crucial components shaping the way key stakeholders will act and react to opportunities and incentives as that economy evolves. The book supplements the definition of globalization for the academic, the student, the professional and anyone else interested in its positive and negative effects. It is also a good fit for anyone who wants to understand China’s three elements of political economy: global trade, political power and its image on the global stage.

Progress In Implementing The Framework For Enhanced Fund Engagement On Governance

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513550292
Total Pages : 47 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Progress In Implementing The Framework For Enhanced Fund Engagement On Governance by : International Monetary Fund

Download or read book Progress In Implementing The Framework For Enhanced Fund Engagement On Governance written by International Monetary Fund and published by International Monetary Fund. This book was released on 2020-07-15 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an interim update on implementation of the 2018 Framework for Enhanced Fund Engagement on Governance. This update is in advance of a comprehensive formal review of the Framework scheduled for mid-2021.

The Financial Performance and Macrofinancial Implications of Large State-Owned Enterprises in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis The Financial Performance and Macrofinancial Implications of Large State-Owned Enterprises in Sub-Saharan Africa by : Torsten Wezel

Download or read book The Financial Performance and Macrofinancial Implications of Large State-Owned Enterprises in Sub-Saharan Africa written by Torsten Wezel and published by International Monetary Fund. This book was released on 2022-03-18 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a newly-compiled dataset of state-owned enterprises in Sub-Saharan Africa, we present aggregate information about profitability, liquidity and leverage. We find that 40 percent of the close to 300 surveyed SOEs are unprofitable, while larger firms also tend to be illiquid and overleveraged. In cross-sectional regressions we find that SOE debt stock sustainability is impacted by firms’ profitability and liquidity, while macroeconomic factors cannot be shown to matter, expect for some governance variables. Based on these findings and citing country examples, we also illustrate that weak SOE performance may have a macrofinancial impact affecting bank soundness through delinquent loan exposures.

Regional Economic Outlook, October 2019, Middle East and Central Asia

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513514008
Total Pages : 75 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Regional Economic Outlook, October 2019, Middle East and Central Asia by : International Monetary Fund. Middle East and Central Asia Dept.

Download or read book Regional Economic Outlook, October 2019, Middle East and Central Asia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2019-11-06 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth in the near term remains subdued for oil exporters in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region, amid volatile oil prices, precarious global growth, elevated fiscal vulnerabilities, and heightened geopolitical tensions. In addition, declining productivity is dampening medium-term growth prospects. To reduce dependence on oil prices and pave the way for more sustainable growth, fiscal consolidation needs to resume, underpinned by improved medium-term fiscal frameworks. In parallel, structural reforms and further financial sector development would boost foreign direct investment (FDI) and domestic private investment and foster diversification, thus contributing to improved productivity and potential growth.

The Political Economy of Emerging Markets and Alternative Development Paths

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Author :
Publisher : Springer Nature
ISBN 13 : 3031207025
Total Pages : 349 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis The Political Economy of Emerging Markets and Alternative Development Paths by : Judit Ricz

Download or read book The Political Economy of Emerging Markets and Alternative Development Paths written by Judit Ricz and published by Springer Nature. This book was released on 2023-02-17 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is the continuation of our research on economic and developmental policy-making in the global semi-periphery in the post-crisis cycle (see our two recently published volumes titled ‘Market-Liberalism and Economic Patriotism in Capitalist Systems’ edited by Gerőcs and Szanyi, 2019, Palgrave Macmillan and ‘The Post-Crisis Developmental State – Perspectives from the Global Periphery’ edited by Gerőcs and Ricz, 2021). Our new volume aims to be a contribution to the analysis of emerging market economies’ alternative development trajectories, as we explore the new perspectives on semi-peripheral dependent development since the Global Financial Crisis and especially amidst the new global pandemic, the COVID-19. The scope of comparative capitalism research has also been altered accordingly to include the analysis of emerging economies outside the core of the world system, and to make intertemporal comparisons possible (such as to define and characterise historical waves of state capitalism). Still, we are convinced that to better understand the current wave of state capitalism and to explore its national varieties there is a need to critically reconsider existing theoretical approaches and methodologies, and to search for new ones, if necessary. This book aims to be a contribution to the analysis of emerging market economies' alternative development trajectories and explores new perspectives on semi-peripheral dependent development, especially amidst COVID-19.

Governance and State-Owned Enterprises: How Costly is Corruption?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513522221
Total Pages : 43 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Governance and State-Owned Enterprises: How Costly is Corruption? by : Ms.Anja Baum

Download or read book Governance and State-Owned Enterprises: How Costly is Corruption? written by Ms.Anja Baum and published by International Monetary Fund. This book was released on 2019-11-22 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: State-owned enterprises (SOEs) are present in key sectors of the economies around the world. While they can provide an important public service, there is widespread concern that their activities are negatively affected by corruption. However, there is limited cross-country analysis on the costs of corruption for SOEs. We present new evidence on how corruption affects the performance of SOEs using firm level data across a large number of countries. One striking result is that SOEs perform as well as private firms in core sectors when corruption is low. Taking advantage of a novel database reforms, we also show that SOE governance reforms can generate significant performance gains.

The Business of the State

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464819998
Total Pages : 229 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis The Business of the State by : World Bank

Download or read book The Business of the State written by World Bank and published by World Bank Publications. This book was released on 2023-12-19 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: The state, as an owner of businesses, competes and collaborates with the private sector, and this involvement has profound implications for investment and growth. Governments actively participate in commercial markets in different forms, from controlling the production of goods and services to investing in firms as a minority shareholder. The impact of state participation on an economy's growth depends on the type of public-private ownership, the types of markets, and the importance of those markets in the economy. The impact also depends on how policies and institutions regulate both the businesses with state ownership and the markets in which they are active. The Business of the State uses new evidence covering 91 countries from the World Bank's Global Businesses of the State database to highlight the distinction between businesses of the state and traditionally understood state-owned enterprises. The report analyzes how different ownership forms across sectors and institutional settings affect private investment, productivity, technology adoption, and job creation. It also analyzes how government participation in markets influences the ability of economies to respond to shocks, from pandemics to climate change. The report proposes a clear analytical framework for understanding the consequences of relying on businesses of the state to attain specific development goals.

Reforming State-Owned Enterprises in Asia

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Author :
Publisher : Springer Nature
ISBN 13 : 9811585741
Total Pages : 341 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis Reforming State-Owned Enterprises in Asia by : Farhad Taghizadeh-Hesary

Download or read book Reforming State-Owned Enterprises in Asia written by Farhad Taghizadeh-Hesary and published by Springer Nature. This book was released on 2021-02-23 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes state-owned enterprises (SOEs), which are still significant players in many Asian economies. They provide essential public services, build and operate key infrastructure, and are often reservoirs of public employment. Their characteristics and inherent competitive advantages as publicly owned enterprises allow them to play these critical roles. Their weaknesses in governance and inefficiencies in incentive structures, however, also often lead to poor performance. SOEs must be efficient, transparent, and accountable to level the playing field for private companies, secure the growth of a vibrant private sector, and achieve sustained and inclusive economic growth. This book analyzes the reform of SOEs in Asia, the results of which are mixed. The volume concludes that some key conditions generally need to be met for SOE reforms to be successful: national bureaucracies must have the capacity to implement the reforms, and adverse impacts on international trade and investment must be avoided.

Hidden Debt

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464816689
Total Pages : 271 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Hidden Debt by : Martin Melecky

Download or read book Hidden Debt written by Martin Melecky and published by World Bank Publications. This book was released on 2021-07-15 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 crisis, which has sent economies in South Asia and around the world into a deep recession, has highlighted South Asia’s rising debt levels and sizable hidden liabilities. State-owned enterprises, state-owned commercial banks, and public-private partnerships have been at the center of the rising debt wave and the latest pandemic response. Historically,South Asia has relied on these direct public interventions more than other regions. The interventions have helped governments tackle key development challenges and rapidly deliver relief measures during crises. However, because of their inefficiencies and weak governance, the interventions are also a significant source of public indebtedness and macrofinancial risks. Hidden Debt examines the trade-off between tackling development challenges through direct state presence in the market and avoiding unsustainable debt due to economic inefficiencies of such off†“balance sheet operations, which greatly leverage public capital. The study recommends a reform agenda based on the four interrelated principles of purpose, incentives, transparency, and accountability (PITA). The reforms can mitigate the risks that off†“balance sheet operations will become the source of the next financial crisis in South Asia.