BiblioVault - Books about Economic policy

Varieties of State Regulation

How China Regulates Its Socialist Market Economy

Yukyung Yeo

Harvard University Press

In Varieties of State Regulation, Yukyung Yeo explores how, despite China’s increasing integration into the global market, the Chinese central party-state continues to oversee the most strategic sectors of its economy. Since the 1990s, as major state firms were spun off from the ministries that managed them under the central planning system, the nature of the state in governing the economy has been remarkably transformed into that of a regulator.

Based on over 100 interviews conducted with Chinese central and local officials, firms, scholars, journalists, and consultants, the book demonstrates that the form of central state control varies considerably across leading industrial sectors, depending on the dominant mode of state ownership, conception of control, and governing structure. By analyzing and comparing institutional dynamics across various sectors, Yeo explains variations in the pattern of China’s regulation of its economy. She contrasts the regulation of the automobile industry, a relatively decentralized sector, with the highly-centralized telecommunications industry, and demonstrates how China’s central party-state maintains regulatory authority over key local state-owned enterprises. Placing these findings in historical and comparative contexts, the book presents the evolution and current practice of state regulation in China and examines its compatibility with other contemporary government practices.

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Victims of the Chilean Miracle

Workers and Neoliberalism in the Pinochet Era, 1973–2002

Peter Winn, ed.

Duke University Press, 2004

Chile was the first major Latin American nation to carry out a complete neoliberal transformation. Its policies—encouraging foreign investment, privatizing public sector companies and services, lowering trade barriers, reducing the size of the state, and embracing the market as a regulator of both the economy and society—produced an economic boom that some have hailed as a “miracle” to be emulated by other Latin American countries. But how have Chile’s millions of workers, whose hard labor and long hours have made the miracle possible, fared under this program? Through empirically grounded historical case studies, this volume examines the human underside of the Chilean economy over the past three decades, delineating the harsh inequities that persist in spite of growth, low inflation, and some decrease in poverty and unemployment.

Implemented in the 1970s at the point of the bayonet and in the shadow of the torture chamber, the neoliberal policies of Augusto Pinochet’s dictatorship reversed many of the gains in wages, benefits, and working conditions that Chile’s workers had won during decades of struggle and triggered a severe economic crisis. Later refined and softened, Pinochet’s neoliberal model began, finally, to promote economic growth in the mid-1980s, and it was maintained by the center-left governments that followed the restoration of democracy in 1990. Yet, despite significant increases in worker productivity, real wages stagnated, the expected restoration of labor rights faltered, and gaps in income distribution continued to widen. To shed light on this history and these ongoing problems, the contributors look at industries long part of the Chilean economy—including textiles and copper—and industries that have expanded more recently—including fishing, forestry, and agriculture. They not only show how neoliberalism has affected Chile’s labor force in general but also how it has damaged the environment and imposed special burdens on women. Painting a sobering picture of the two Chiles—one increasingly rich, the other still mired in poverty—these essays suggest that the Chilean miracle may not be as miraculous as it seems.

Contributors.
Paul Drake
Volker Frank
Thomas Klubock
Rachel Schurman
Joel Stillerman
Heidi Tinsman
Peter Winn

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The Violence of Austerity

Edited by David Whyte and Vickie Cooper

Pluto Press, 2017

In the aftermath of the global financial crisis in 2008, Britain’s government put into effect a hotly contested series of major cuts in public expenditure with the stated aim of restoring economic security. Since then, this reign of austerity continues to devastate contemporary Britain through a disconnected and unaffected political elite.

In The Violence of Austerity, David Whyte and Vickie Cooper bring together the passionate voices of campaigners and academics to show that rather than stimulating economic growth, austerity policies have led to a dismantling of the social systems that operated as a buffer against economic hardship. Chapters from major contributors—including Danny Dorling, Mary O’Hara and Rizwaan Sabir—show how austerity is a form of institutional violence more socially harmful and far-reaching than other more politicized and publicized forms of violence, such as terrorism or gun violence. Contributors expose highly significant cases of this institutional violence driven by public sector cuts: police attacks on the homeless, violent evictions of the rented sector, risks faced by people on workfare, and more. The Violence of Austerity is a devastating, authoritative study of the myriad ways austerity policies harm people in Britain that will resonate with anyone concerned with the increasing power of the political elite and the future of social welfare.

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Voices of Change in Cuba from the Non-State Sector

Carmelo Mesa-Lago

University of Pittsburgh Press, 2018

More than one million Cubans, representing thirty percent of the country’s labor force, currently make up the nonstate sector. These include self-employed workers and micro-entrepreneurs, sharecropping farmers, members of new cooperatives, and buyers and sellers of private dwellings. This development represents a crucial structural reform implemented by Raúl Castro since becoming Cuba’s leader in 2006, and may become the most dynamic economic force for the country’s future. Despite this phenomenon, little has been published about the demographic makeup of this group (age, gender, race, and education), as well as their economic conditions and aspirations.
Based on eighty in-depth interviews recently conducted in Cuba, this book captures actual voices from this evolving economic sector. It details workers’ level of satisfaction with what they do and earn, profits (and how they are allocated between consumption and investment), plans to expand their activities, receiving foreign remittances and microcredit, competition, forms of advertising, and payment of taxes. Perhaps most revealing are the speakers’ views on the obstacles they face and their desires for change and improvement. As such, the book offers fascinating insights into today’s Cuban economy from the nonstate sector, while also reflecting on its potential for development and the obstacles it faces.

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