Péter Ákos Bod

Institutions of Economic Policy

A Comparative Analysis

On big business agents – private and not-that-private

Multinational corporations (MNCs) are known to wield global power due to their size and economic importance. They are global players without having public mandates or formal responsibilities. There is a huge literature on the impact of MNCs on third-world economies and societies. We need to mention here that their existence in a given economy will influence the modalities of the institutions of economic policy-making. National regulators will have a special rapport with giant MNCs, for their economic importance, and (frequently) the political support behind them from foreign governments. Thus, the presence of big firms shapes regulatory practice, and these big firms sometimes act as trendsetters in what amounts to best practices in the local economy.

Tartalomjegyzék

Kiadó: Akadémiai Kiadó

Online megjelenés éve: 2020

ISBN: 978 963 059 970 2

Gazdaság

The reader is introduced to the purpose, structure, and organizational features of the most important institutions of market economy, such as the Treasury (Ministry of Finance), central (national) bank, bodies responsible for structural changes, supervision of competition, and regulators of strategic industries. The focus of the book is on open trade dependent states, with particular emphasis new member states of the European Union where the institutional order has been shaped by legacies of previous era as well as by policy transfer and policy advice through membership in EU, OECD, IMF and other international institutions. The bulk of the book deals with the comprehensive analysis of institutions of fiscal, monetary, competition, social, spatial policies, and with the emerging trends of new practices.

Hivatkozás: https://mersz.hu/bod-institutions-of-economic-policy//

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