6,966 research outputs found
On the Social and Economic Consequences of Institutional Transformation in Eastern Europe
No full textDuménil, G. and Lévy, D.: The Crisis of Neoliberalism IX, 400 p. Harvard University Press, Cambridge (Mass.), 2011.
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Entrepreneurship and Transition
No full textThe substitution of private for public entrepreneurship is a crucial aspect of the process of transition. While output and employment in the overextended and overmanned state sector decrease, it is crucial for the success of transition that private entrepreneurship builds up, increasing production and employment, in a process somewhat paralleling the dual development Harris-Lewis-Todaro model, where the state sector plays the role of the traditional sector endowed with an almost unlimited reserve of labor. The way this takes place depends to a great extent not only on the specific features of the privatization processes pursued, but also on the overall institutional and social conditions affecting the development, and the nature, of private entrepreneurship. In particular, under conditions of insufficient construction of the institutional framework of the market, and lack of prevention and punishment of fraudulent behavior and self-dealing, the development of entrepreneurship can be derailed into unproductive and destructive forms, according to Baumol's distinction, with dire economic and social consequences. The different outcomes of the transition process may also be explained through the different preconditions affecting the severity of the specific impediments encountered in development of entrepreneurship. Some policy suggestions for speeding up this development, both in quantitative and qualitative terms, conclude the paper
Perspectives of the ENP, and Perspectives of the EU: Neighbourhood, Enlargement, and Unanimity
No full textThe paper considers the state of the ENP policy in the framework of the present institutional impasse of the EU. Even if the Lisbon Treaty enters in force, an acceptable functioning of the EU with 27 members can hardly be compatible with the permanence of the unanimity vote for the most important decisions, such as budgetary issues or enlargement.
Further enlargement under these circumstances can be seen both as difficult and ill-advisable: a higher number of members (and more heterogeneous) increases the probability
that the requirement of unanimity may lead to disruptive strategic behavior. Thus enlargement of the market, and legal approximation, can best take place, realistically speaking, in the framework of ENP. At the same time the assistance to recognized prospective members, who probably will not be able to enter in the foreseeable future, could well perform a role not too different from that of ENP, amounting substantially to a kind of ENP in disguise. In both cases we have the use of the typical instruments for the preparation of enlargement, but with some different stated objectives, and a different framework for financial assistance. So long as enlargement seems concretely possible the prospect of membership may continue to have additional incentive effects.The momentum for reform may
however be lost if eventually the process is seen as never-ending. Some greater approximation to membership status can be provided by an extended ENP policy, but it seems
highly unlikely that the internal dynamics of the EU will allow even the most compliant of the neighbours to enjoy the same economic advantages of actual membership, as the pa
radigm of “everything but institutions” would imply
The Long March of Italian Communists from Revolution to Neoliberalism: a Retrospective Assessment
No full textThe paper traces back the path that has transformed the Italian Communist Party from its original revolutionary stance into a democratic government party, leading to a radical change in its original political outlook. Its recent dissolution into a new political entity, a great deal antithetic to its original ideological roots, has completed the process. The changing nature of the party was reflected in the very different roles performed in the political and economic life of post-war Italy
Aglietta, M., and Reberioux, A.: Corporate Governance Adrift. A Critique of Shareholder Value
No full textPoland's Process of Economic Transformation: How has the West Helped and What Else Should be Done?
No full textDe lange mars van de Italiaanse communisten: van revolutie naar neo-liberalisme? De economische politiek van de Italiaanse post-communisten in historisch perspectief
No full textPecchi L., Piga G. (eds.): Revisiting Keynes. Economic Possibilities for our Grandchildren XI, 215pp. The MIT Press, Cambridge, Mass., London 2008.
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