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O'DONNELL, MICHAEL (2) answer(s).
 
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ID:   153573


Politics of state-owned enterprise reform in South Korea, Laos, and Vietnam / Turner, Mark; O'Donnell, Michael ; Kwon, Seung-Ho   Journal Article
Turner, Mark Journal Article
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Summary/Abstract THE REFORM OF STATE-OWNED ENTERPRISES (SOES) HAS BEEN A leading element of public sector reform since the 1980s. Starting with the radical actions of Margaret Thatcher’s government in the United Kingdom, privatization was disseminated across the world. By 2004, over $1 trillion of SOEs had been privatized. The privatization stampede represented the ascendancy of neoclassical economics and the view that governments should get out of business and leave the invisible hand of the market to either generate efficiency in often poorly performing enterprises or simply close them down (World Bank 1995, 1996, 1997). This neoliberal policy orientation dovetailed with the Washington Consensus and the spread of New Public Management, both of which sought leaner, more fiscally disciplined government that focused on core functions (Turner, Hulme, and McCourt 2015).
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2
ID:   153575


Reforming state-owned enterprises in Vietnam: the contrasting cases of Vinashin and Viettel / Hai, Nguyen Manh; O'Donnell, Michael   Journal Article
O'Donnell, Michael Journal Article
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Summary/Abstract State-owned enterprise (SOE) reform was introduced into Vietnam as a component of the Doi Moi economic reforms that began in 1986 and aimed to replace central planning with a more market-oriented economy. SOEs had performed poorly and were a drain on government resources. In this article we use a political economy framework to trace SOE reform through the various stages of policymaking and implementation. While the number of SOEs has been reduced, privatization (“equitization” in Vietnam) of large enterprises has proved more difficult as it has threatened the interests of powerful stakeholders. We use two case studies of large Vietnamese SOEs to demonstrate and explain both success and failure in SOE reform.
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