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Nationalization Or Privatization? The Fragmentation Of The Mainstream

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  • Eva VOSZKA

Abstract

The 2008 global crisis brought about curiously inconsistent changes in state ownership: asset sales by governments and purchases of private stocks increased sharply and simultaneously. These concurrent instances of nationalization and privatization, on a major scale in historical terms, deserve attention. The paper examines why both now seem appropriate tools for crisis management in Europe and in the USA. It also estimates the scale of changes after 2008. The author argues that the rapid alternation, including parallel applications and mixed, ‘silent’ forms of nationalization and privatization, reflects ambiguity in political, theoretical and popular views. The uncertainty far exceeds ownership issues to include the role of the state in general, revealing fragmentation of measures in each direction: neither nationalization nor privatization has been based on any integrated, defined paradigm of economic policy.

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  • Eva VOSZKA, 2017. "Nationalization Or Privatization? The Fragmentation Of The Mainstream," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 88(1), pages 91-120, March.
    • Handle: RePEc:bla:annpce:v:88:y:2017:i:1:p:91-120
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    Cited by:

    1. Massimo FLORIO & Matteo FERRARIS & Daniela VANDONE, 2018. "State-Owned Enterprises: Rationales for Mergers and Acquisitions," CIRIEC Working Papers 1801, CIRIEC - Université de Liège.
    2. Palcic Dónal & Reeves Eoin, 2020. "State-owned enterprise sector, 2019," Administration, Sciendo, vol. 68(1), pages 67-79, February.
    3. Miklós Szanyi, 2018. "Varieties Of State Capitalism," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 6(2), pages 140-146, December.
    4. Daniel Albalate & Germà Bel & Eoin Reeves, 2019. "“Easier said than done: Understanding the implementation of re-municipalization decisions and associated delays.”," IREA Working Papers 201917, University of Barcelona, Research Institute of Applied Economics, revised Oct 2019.
    5. Bulfone, Fabio, 2020. "The political economy of industrial policy in the European Union," MPIfG Discussion Paper 20/12, Max Planck Institute for the Study of Societies.

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