Change in Economic Policy Paradigm: Privatization and State Capture in Poland

Kozarzewski, Piotr; Bałtowski, Maciej

doi:10.2139/ssrn.2814116

Cited by 6 publications

(4 citation statements)

References 14 publications

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“…), declared that public ownership would remain in strategic firms in the long term (Bräuninger ). Similar statements mark a halt in large‐scale privatization in Poland, and the country is increasing its state assets through acquisitions by SOEs, mainly in energy sector, and a huge investment program was launched in 2012 (Kozarzewski and Bałtowski ).…”

Section: Consequences Of the Global Crisismentioning

confidence: 92%

“…). Poland was exceptional in averting recession after 2008: sales were driven there by internal factors (Kozarzewski and Bałtowski ). In Portugal and Ireland, the decisive pressures originated from the Commission, the European Central Bank, and the International Monetary Fund.…”

Section: Consequences Of the Global Crisismentioning

confidence: 99%

“…According to Kozarzewski and Bałtowski () this is an important feature of recent Polish privatizations.…”

mentioning

confidence: 99%

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Nationalization or Privatization? The Fragmentation of the Mainstream

Voszka

2016

Ann Public Coop Econ

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The 2008 global crisis brought about curiously inconsistent changes in state ownership: asset sales by governments and purchases of private stocks increased sharply and simultaneously. These concurrent instances of nationalization and privatization, on a major scale in historical terms, deserve attention. The paper examines why both now seem appropriate tools for crisis management in Europe and in the USA. It also estimates the scale of changes after 2008. The author argues that the rapid alternation, including parallel applications and mixed, 'silent' forms of nationalization and privatization, reflects ambiguity in political, theoretical and popular views. The uncertainty far exceeds ownership issues to include the role of the state in general, revealing fragmentation of measures in each direction: neither nationalization nor privatization has been based on any integrated, defined paradigm of economic policy.So what are the main features of the process this time and the reasons behind the moves? Are all the features specific, or do they have attributes in common with the courses followed in previous crises? The approach to these questions taken here involves interpreting nationalization and privatization not just as ownership changes, but as political decisions embedded in a broader context of economic policy, considered in connection with changes in the role of the state. 1 The approach applied is also a historical one, which allows the temporal and territorial differences to be identified and explained.The paper begins by sketching the main characteristics of nationalization and privatization waves in twentieth-century Europe, as a context for interpreting the post-2008 events. It recalls the distinct, yet connected events of the recent process: nationalization and re-privatization of financial institutions accompanied by contracting and expanding public ownership in other sectors. It includes a comparison with the moves made in the USA, given their great role and the country's different traditions.

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Section: Consequences Of the Global Crisismentioning

confidence: 92%

Section: Consequences Of the Global Crisismentioning

confidence: 99%

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Nationalization or Privatization? The Fragmentation of the Mainstream

Voszka

2016

Ann Public Coop Econ

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“…The Ministry of Investment and Development (2016: 12) highlighted that two-thirds of foreign trade, 50 per cent of industrial output and 65 per cent of the banking sector were under foreign control. The plan aimed to 're-industrialize' the economy as the top priority, with an emphasis on utilizing domestic capital instead of foreign capital (Kozarzewski 2019;Toplišek 2020).…”

Section: Challenging the Dependent Market Economy Modelmentioning

confidence: 99%

Growth regimes, dominant social blocs and growth strategies: towards varieties of export-led growth regimes and strategies in Turkey and Poland

Akcay,

Jungmann

2023

European Journal of Economics and Economic Policies Intervention

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This paper aims to contribute to the literature on growth regimes by combining an operationalization of growth regimes based on growth contributions and sectoral financial balances with an analysis of dominant social blocs (DSBs). We propose the concept of a growth strategy to bridge the political and actor-oriented sphere with the macroeconomic sphere. We employ this framework to analyze the cases of Poland and Turkey. The study identifies a transition from a domestic demand-led regime to a weakly export-led regime in Poland, while Turkey experienced a shift from a domestic demand-led regime to a debt-led private demand regime and subsequently towards a weakly export-led regime, too. Both countries’ new DSBs pursue export-led growth strategies, but Poland’s strategy focuses on non-price competitiveness while Turkey relies on price competitiveness. We lay out the differences between the strategies in terms of policies and the capital fractions supporting them.

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The Emergence of the Patronage State in Central Europe: The Case of FDI-Related Policies in Hungary Since 2010

Szanyi

2019

Market Liberalism and Economic Patriotism in the Capitalist World-System

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Change in Economic Policy Paradigm: Privatization and State Capture in Poland

Cited by 6 publications

References 14 publications

Nationalization or Privatization? The Fragmentation of the Mainstream

Nationalization or Privatization? The Fragmentation of the Mainstream

Growth regimes, dominant social blocs and growth strategies: towards varieties of export-led growth regimes and strategies in Turkey and Poland

The Emergence of the Patronage State in Central Europe: The Case of FDI-Related Policies in Hungary Since 2010

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