Political Consequences of Crony Capitalism Inside Russia

Political Consequences of Crony Capitalism Inside Russia
Author: Gulnaz Sharafutdinova
Publisher:
Total Pages: 300
Release: 2010
Genre: Business & Economics
ISBN:

"Gulnaz Sharafutdinova explores the development of crony capitalism in Russia, based on the contrasting cases of Tatarstan and Nizhnii Novgorod. She argues that the corruption which accompanied the market transition seeped over into electoral politics, and was a major factor in undermining popular support for democratic institutions. This finding is a challenge to transition theory, which posits that democracy and capitalism work hand in hand.-Peter Rutland, Wesleyan University --Book Jacket.

Crony Capitalism in India

Crony Capitalism in India
Author: Naresh Khatri
Publisher: Springer
Total Pages: 243
Release: 2017-07-17
Genre: Business & Economics
ISBN: 1137582871

Crony Capitalism in India provides a comprehensive and scholarly examination of the important topic of crony capitalism, filling an important gap in the market. Bringing together experts from various backgrounds, it addresses the key underpinnings of this complex and multifarious issue. Given the emergent nature of the Indian economy, this book provides important information for decision makers in both government and business to help establish a robust institutional framework that is so desperately needed both in India and globally.

Crony Capitalism and Economic Growth in Latin America

Crony Capitalism and Economic Growth in Latin America
Author: Stephen Haber
Publisher: Hoover Institution Press
Total Pages: 173
Release: 2013-11-01
Genre: Business & Economics
ISBN: 0817999663

Crony capitalism systems—in which those close to political policymakers receive favors allowing them to earn returns far above market value—are a fundamental feature of the economies of Latin America. Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world to examine the causes and consequences of cronyism.

Russia's Crony Capitalism

Russia's Crony Capitalism
Author: Anders Aslund
Publisher: Yale University Press
Total Pages: 336
Release: 2019-05-23
Genre: History
ISBN: 030024486X

A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia’s future This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia’s economy in untenable stagnation, which Putin has tried to mask through military might.

China’s Crony Capitalism

China’s Crony Capitalism
Author: Minxin Pei
Publisher: Harvard University Press
Total Pages: 376
Release: 2016-10-03
Genre: Business & Economics
ISBN: 0674737296

China’s efforts to modernize yielded a kleptocracy characterized by corruption, wealth inequality, and social tensions. Rejecting conventional platitudes about the resilience of Party rule, Minxin Pei gathers unambiguous evidence that beneath China’s facade of ever-expanding prosperity and power lies a Leninist state in an advanced stage of decay.

Crony Capitalism

Crony Capitalism
Author: David C. Kang
Publisher: Cambridge University Press
Total Pages: 222
Release: 2002-01-24
Genre: Business & Economics
ISBN: 9780521004084

Even in Korea, corruption was far greater than the conventional wisdom allows - so rampant was corruption that we cannot dismiss it; rather, we need to explain it."--BOOK JACKET.

My Turn

My Turn
Author: Doug Henwood
Publisher: Seven Stories Press
Total Pages: 114
Release: 2016-07-05
Genre: Political Science
ISBN: 160980757X

Hillary Clinton is running for the presidency with a message of hope and change. But, as Doug Henwood makes clear in this concise, devastating indictment, little trust can be placed in her campaign promises. Rigorously reviewing her record, Henwood shows how Clinton's positions on key issues have always blown with the breeze of expediency, though generally around an axis of moralism and hawkishness. Without a meaningful program other than a broad fealty to the status quo, Henwood suggests, "the case for Hillary boils down to this: she has experience, she's a woman, and it's her turn."

A Capitalism for the People

A Capitalism for the People
Author: Luigi Zingales
Publisher: Basic Books
Total Pages: 337
Release: 2014-02-11
Genre: Business & Economics
ISBN: 0465038700

Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment -- paired with rampant nepotism and cronyism -- on a country's economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better. In A Capitalism for the People, Zingales makes a forceful, philosophical, and at times personal argument that the roots of American capitalism are dying, and that the result is a drift toward the more corrupt systems found throughout Europe and much of the rest of the world. American capitalism, according to Zingales, grew in a unique incubator that provided it with a distinct flavor of competitiveness, a meritocratic nature that fostered trust in markets and a faith in mobility. Lately, however, that trust has been eroded by a betrayal of our pro-business elites, whose lobbying has come to dictate the market rather than be subject to it, and this betrayal has taken place with the complicity of our intellectual class. Because of this trend, much of the country is questioning -- often with great anger -- whether the system that has for so long buoyed their hopes has now betrayed them once and for all. What we are left with is either anti-market pitchfork populism or pro-business technocratic insularity. Neither of these options presents a way to preserve what the author calls "the lighthouse" of American capitalism. Zingales argues that the way forward is pro-market populism, a fostering of truly free and open competition for the good of the people -- not for the good of big business. Drawing on the historical record of American populism at the turn of the twentieth century, Zingales illustrates how our current circumstances aren't all that different. People in the middle and at the bottom are getting squeezed, while people at the top are only growing richer. The solutions now, as then, are reforms to economic policy that level the playing field. Reforms that may be anti-business (specifically anti-big business), but are squarely pro-market. The question is whether we can once again muster the courage to confront the powers that be.

Liberalism and Cronyism

Liberalism and Cronyism
Author: Randall G. Holcombe and Andrea M. Castillo
Publisher: Mercatus Center at George Mason University
Total Pages: 126
Release: 2013-04-09
Genre: Political Science
ISBN: 0989219305

Political and economic systems either allow exchange and resource allocation to take place through mutual agreement under a system of liberalism, or force them to take place under a system of cronyism in which some people have the power to direct the activities of others. This book, published by the Mercatus Center at George Mason University, seeks to clarify the differences between liberalism and cronyism by scrutinizing the actual operation of various political and economic systems. Examples include historical systems such as fascism in Germany between the world wars and socialism in the former Soviet Union, as well as contemporary systems such as majoritarianism and industrial policy. By examining how real governments have operated, this book demonstrates why—despite their diverse designs—in practice all political and economic systems are variants of either liberalism or cronyism.