Péter Ákos Bod

Institutions of Economic Policy

A Comparative Analysis

Institutions of industrial policy: the state as a development agent

The role of the state as an organizer of economic activity, and as a coordinator of structural change via industrial policy is highly controversial. One may raise questions about the capability as well as the motivations of governments in initiating and implementing structural (industrial) policies. Governments use their monopoly positions to tax and regulate in the name of the common good, but some are inclined to assume that politicians in positions of power may bring distortions into the system, rather than eliminate market distortions. In addition, one sometimes has the feeling that governments simply do not have information and skills to improve on the structure of the economy, and state bureaucrats are subject to imperfect information just like other economic actors.

Tartalomjegyzék

Kiadó: Akadémiai Kiadó

Online megjelenés éve: 2020

ISBN: 978 963 059 970 2

Gazdaság Idegen nyelvű

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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