Freer Markets, More Rules - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Freer Markets, More Rules write by Steven K. Vogel. This book was released on 2018-05-31. Freer Markets, More Rules available in PDF, EPUB and Kindle. Over the past fifteen years, the United States, Western Europe, and Japan have transformed the relationship between governments and corporations. The changes are complex and the terms used to describe them often obscure the reality. In Freer Markets, More Rules, Steven K. Vogel dispenses with euphemisms and makes sense of this recent transformation. In defiance of conventional wisdom, Vogel contends that the deregulation revolution of the 1980s and 1990s never happened. The advanced industrial countries moved toward liberalization or freer markets at the same time that they imposed reregulation or more rules. Moreover, the countries involved did not converge in regulatory practice but combined liberalization and reregulation in markedly different ways. The state itself, far more than private interest groups, drove the process of regulatory reform. Thus, the story of deregulation is one rich in paradox: a movement aimed at reducing regulation increased it; a movement propelled by global forces reinforced national differences; and a movement that purported to reduce state power was led by the state itself. Vogel's astute and far-reaching analysis compares deregulation in Britain and Japan, with special attention to the telecommunication and financial services industries. He also considers such important sectors as broadcasting, transportation, and utilities in the United States, France, and Germany.
Freer Markets, More Rules
Freer Markets, More Rules - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Freer Markets, More Rules write by Steven Kent Vogel. This book was released on 1996. Freer Markets, More Rules available in PDF, EPUB and Kindle.
Marketcraft
Marketcraft - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Marketcraft write by Steven K. Vogel. This book was released on 2018-02-01. Marketcraft available in PDF, EPUB and Kindle. Modern-day markets do not arise spontaneously or evolve naturally. Rather they are crafted by individuals, firms, and most of all, by governments. Thus "marketcraft" represents a core function of government comparable to statecraft and requires considerable artistry to govern markets effectively. Just as real-world statecraft can be masterful or muddled, so it is with marketcraft. In Marketcraft, Steven Vogel builds his argument upon the recognition that all markets are crafted then systematically explores the implications for analysis and policy. In modern societies, there is no such thing as a free market. Markets are institutions, and contemporary markets are all heavily regulated. The "free market revolution" that began in the 1980s did not see a deregulation of markets, but rather a re-regulation. Vogel looks at a wide range of policy issues to support this concept, focusing in particular on the US and Japan. He examines how the US, the "freest" market economy, is actually among the most heavily regulated advanced economies, while Japan's effort to liberalize its economy counterintuitively expanded the government's role in practice. Marketcraft demonstrates that market institutions need government to function, and in increasingly complex economies, governance itself must feature equally complex policy tools if it is to meet the task. In our era-and despite what anti-government ideologues contend-governmental officials, regardless of party affiliation, should be trained in marketcraft just as much as in statecraft.
Japan Remodeled
Japan Remodeled - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Japan Remodeled write by Steven Kent Vogel. This book was released on 2006. Japan Remodeled available in PDF, EPUB and Kindle. As the Japanese economy languished in the 1990s Japanese government officials, business executives, and opinion leaders concluded that their economic model had gone terribly wrong. They questioned the very institutions that had been credited with Japan's past success: a powerful bureaucracy guiding the economy, close government-industry ties, "lifetime" employment, the main bank system, and dense interfirm networks. Many of these leaders turned to the U.S. model for lessons, urging the government to liberate the economy and companies to sever long-term ties with workers, banks, suppliers, and other firms.Despite popular perceptions to the contrary, Japanese government and industry have in fact enacted substantial reforms. Yet Japan never emulated the American model. As government officials and industry leaders scrutinized their options, they selected reforms to modify or reinforce preexisting institutions rather than to abandon them. In Japan Remodeled, Steven Vogel explains the nature and extent of these reforms and why they were enacted.Vogel demonstrates how government and industry have devised innovative solutions. The cumulative result of many small adjustments is, he argues, an emerging Japan that has a substantially redesigned economic model characterized by more selectivity in business partnerships, more differentiation across sectors and companies, and more openness to foreign players.
Neoliberalism and Regulatory Capitalism
Neoliberalism and Regulatory Capitalism - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Neoliberalism and Regulatory Capitalism write by Vlad Tarko. This book was released on 2017. Neoliberalism and Regulatory Capitalism available in PDF, EPUB and Kindle. Over the past four decades, across the OECD countries and beyond, we observe a simultaneous increase (a) in the number, the budgets and the staffing of regulatory agencies, as well as the number of regulations, and (b) of economic liberalization, as measured by economic freedom and doing business indices. This is the “freer markets, more rules” or “more capitalism, more regulations” puzzle. This puzzle provides a window into the underlining mechanisms behind the complex regulatory developments in advanced democracies and transition economies, showcasing both some convergence trends and some diversity of the regulatory national patterns. Before the recent post-financial crisis backlash, the neoliberal agenda of privatization and deregulation seems to have happened in a roundabout manner as a side-effect of regulatory capitalism, rather than by implementing the policy and institutional recommendations of authors like Hayek, Friedman, and Buchanan. Three common hypotheses about “neoliberalism” don't work very well: pro-market ideology as a driver of policy, rent-seeking in favor of deregulation, and markets outpacing attempts at government regulation. Two other hypotheses provide better insight: a heterogeneous regulatory environment allows private firms to engage in regulatory arbitrage, and political entrepreneurs under public finance constraints look for novel ways of obtaining tax revenues. The emerging picture provides a serious challenge to both critics and supporters of neoliberalism.
