IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-1-349-20097-9_8.html
   My bibliography  Save this book chapter

Changing Boundaries of State Activity: From Nationalisation to Privatisation

In: Economic Institutions in a Dynamic Society: Search for a New Frontier

Author

Listed:
  • John A. Kay

    (London Business School)

Abstract

For most of the twentieth century we have seen a steady increase in both the scope and the scale of government economic intervention. The last ten years have seen the first major reversal of that trend. That reversal may be seen in at least three primary areas. One is privatisation, by which I mean the sale of publicly-owned assets, particularly industrial assets, to the private sector. Secondly, there is deregulation — the removal of statutory restrictions on competition either with public enterprises or between private enterprises. Thirdly, there is tax reform where we have seen a move towards fiscal neutrality as the guiding principle in the design of tax structures. In all these areas we have seen a reduction in the extent of government intervention and a reduction in the belief of the capacity of governments to engage in useful intervention at the microeconomic level.

Suggested Citation

  • John A. Kay, 1989. "Changing Boundaries of State Activity: From Nationalisation to Privatisation," International Economic Association Series, in: Takashi Shiraishi & Shigeto Tsuru (ed.), Economic Institutions in a Dynamic Society: Search for a New Frontier, chapter 8, pages 193-215, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-20097-9_8
    DOI: 10.1007/978-1-349-20097-9_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:intecp:978-1-349-20097-9_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.