scholarly journals The Political Economy of SOE Privatization and Governance Reform in the MENA Region

2012 ◽  
Vol 2012 ◽  
pp. 1-9 ◽  
Author(s):  
Ibrahim Akoum
Keyword(s):  
Political Economy ◽  
Policy Framework ◽  
The Political ◽  
Governance Reform ◽  
Mena Region ◽  
The Public ◽  
Playing Field ◽  
Property Rights Protection ◽  
Governance Systems ◽  
Enterprise Governance

The purpose of this paper is to shed light on the political economy aspects of state-owned-enterprises (SOEs) governance and privatization in the Middle East and North Africa (MENA) region. In particular, the paper presents an overview of privatization in the region and examines the extent to which SOEs operate at arm's length from the public sector and the motives for this behavior. Showing empirically the region’s relative reticence on privatizing public assets, the paper highlights the political economy aspects contributing to this impasse, offers Lebanon as a case study, and suggests a policy framework for successful reform of SOEs. Highlighting the lack of sustainable drives for SOEs reform and privatization in the region and the need for better governance systems based on the rule of law, property rights protection, and combating corruption, the paper proposes policy options to deal with privatization and improve the governance of SOEs through advocating a state-owned enterprise governance framework. This framework suggests subjecting SOEs to regulation and supervision of more than one government entity as opposed to only one ministry of custody. This should help to ensure a level-playing field in the industry and reduce the pressure on SOEs to heed to political pressures.

The Political Economy of Health: Revisiting Its Marxian Origins to Address 21st-Century Health Inequalities

2020 ◽  
pp. e1-e8
Author(s):  
Michael Harvey
Keyword(s):  
Public Health ◽  
Political Economy ◽  
Public Health Research ◽  
The Political ◽  
Health Issues ◽  
Race And Racism ◽  
The Public ◽  
Critical Theories ◽  
Political Economy Of Health ◽  
Marxian Political Economy

The “political economy of health” is concerned with how political and economic domains interact and shape individual and population health outcomes. However, the term is variously defined in the public health, medical, and social science literatures. This could result in confusion about the term and its associated tradition, thereby constituting a barrier to its application in public health research and practice. To address these issues, I survey the political economy of health tradition, clarify its specifically Marxian theoretical legacy, and discuss its relevance to understanding and addressing public health issues. I conclude by discussing the benefits of employing critical theories of race and racism with Marxian political economy to better understand the roles of class exploitation and racial oppression in epidemiological patterning. (Am J Public Health. Published online ahead of print December 22, 2020:e1–e8. https://doi.org/10.2105/AJPH.2020.305996 )

scholarly journals The Political Economy of Redistribution Policy

2019 ◽  
pp. 519-541
Author(s):  
Luna Bellani ◽  
Heinrich Ursprung
Keyword(s):  
Political Economy ◽  
Public Choice ◽  
Political Institutions ◽  
The Political ◽  
Economic Relationships ◽  
The Public ◽  
Generic Models ◽  
Redistribution Policy ◽  
Choice Analysis ◽  
Beliefs And Attitudes

The authors review the literature on the public-choice analysis of redistribution policies. They restrict the discussion to redistribution in democracies and focus on policies that are pursued with the sole objective of redistributing initial endowments. Since generic models of redistribution in democracies lack equilibria, one needs to introduce structure-inducing rules to arrive at a models whose behavior realistically portrays observed redistribution patterns. These rules may relate to the economic relationships, political institutions, or to firmly established preferences, beliefs, and attitudes of voters. The chapter surveys the respective lines of argument in turn and then present the related empirical evidence.

scholarly journals XI. Extracts from the Liberate Rolls, relative to Loans supplied by Italian Merchants to the Kings of England, in the 13th and 14th Centuries; with an introductory Memoir: by Edward A. Bond, Esq. Communicated by Charles George Young, Esq. York Herald, F.S.A.

Archaeologia ◽  
1840 ◽  
Vol 28 (2) ◽  
pp. 207-326 ◽  
Author(s):  
Edward A. Bond
Keyword(s):  
Political Economy ◽  
Early History ◽  
The Political ◽  
Political Condition ◽  
Public Records ◽  
The Public ◽  
Foreign Governments ◽  
Financial Transactions

The object of the accompanying Paper is to draw attention to a series of financial transactions which, although intimately connected with our early history, and essential to its faithful development, have hitherto found no place in its pages. Political economy was the science most remote from the speculations of our chroniclers; nor had they, commonly, such an acquaintance with the affairs of the Exchequer as qualified them to transmit to us a correct exposition of the wealth and resources of the country. We are not surprised therefore to find their statements with regard to the revenue inaccurate and meagre; but we are at a loss to account for their silence respecting the Italian money-lenders who, as it will appear, were the main supporters of the King in periods of financial embarrassment, and who, everywhere dispersed throughout the kingdom, must have very beneficially influenced the commercial and even the political condition of the country, by an example of superior enterprise and intelligence, by their connexions with foreign governments, and by the immense capital which they introduced and circulated. This deficiency is supplied by the Public Records; and consequently the evidence which they yield becomes of interest and value. We find in them a vein of history, as it were, hitherto unexplored; and all that I have now attempted, is to present a sample of its produce.

‘The folly of particulars’: the political economy of the South Sea Bubble

2012 ◽  
Vol 19 (2) ◽  
pp. 175-197 ◽  
Author(s):  
Richard Kleer
Keyword(s):  
Political Economy ◽  
Public Debt ◽  
Alternative Explanation ◽  
Banking Industry ◽  
Market Price ◽  
The Political ◽  
The South ◽  
The Public ◽  
Conversion Operation ◽  
South Sea

In 1720 Britain embarked on a project to convert a large part of the public debt into shares in the South Sea Company. Most narratives assume the Company stood to profit from an anticipated increase in the market price of its shares. Though some have noted that this assumption is incorrect, no one has yet tried to find an alternative explanation for the Company's motivation for entering into the project. In this article I argue that the Company had no need to profit directly from the conversion operation and instead saw it as an opportunity to establish dominance in the British banking industry.

The Political Economy of Private Investment in Nigeria

1972 ◽  
Vol 10 (1) ◽  
pp. 37-56 ◽  
Author(s):  
R. O. Ekundare
Keyword(s):  
Political Economy ◽  
Public Interest ◽  
Adam Smith ◽  
Private Investment ◽  
The Political ◽  
The Public ◽  
Economic Philosophy

The traditional and basic economic philosophy of private investment is best expressed by Adam Smith: Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command…every individual…endeavours so [to employ his capital]…that its produce may be of the greatest possible value…He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it… By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.1

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