Jump to ContentJump to Main Navigation
The Political Economy of Privatization in Rich Democracies$
Users without a subscription are not able to see the full content.

Herbert Obinger, Carina Schmitt, and Stefan Traub

Print publication date: 2016

Print ISBN-13: 9780199669684

Published to Oxford Scholarship Online: March 2016

DOI: 10.1093/acprof:oso/9780199669684.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 07 April 2020

Conclusion and Outlook

Conclusion and Outlook

Chapter:
(p.94) 6 Conclusion and Outlook
Source:
The Political Economy of Privatization in Rich Democracies
Author(s):

Herbert Obinger

Carina Schmitt

Stefan Traub

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199669684.003.0006

Chapter 6 summarizes the findings of this book, provides an overview of the development of public entrepreneurship in the wake of the recent economic and financial crisis, and speculates on the future role of the state as an entrepreneur. The chapter concludes that the overall trend favouring the privatization of public enterprises from the 1980s onwards should not obscure the fact that some sectors like the public utilities sector witnessed a transformation rather than a retreat of state intervention. Moreover, the books data clearly indicates that the nationalization wave during and in the aftermath of the Great Recession was triggered by the financial crisis and the related urgent need for a recapitalization of the financial sector. It had little in common with previous nationalizations and was neither intended by policy makers to put the wheel of history into reverse nor to fundamentally question the privatization and liberalization policies of the 1980s and 1990s.

Keywords:   Great Recession, financial crisis, nationalizations, financial sector, transformation

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .