State Corporate Control in Transition: Poland in a Comparative Perspective

Acknowledgments
Contents
List of Figures
List of Tables
1 Introduction
References
2 State Corporate Control in Transition: Research Perspectives
2.1 Transition Research
2.2 Economic Policy Research
2.3 Economic Systems Research
2.3.1 Varieties of Capitalism
2.3.2 State Capitalism
2.3.3 Resource/Distributive Economy
2.4 Public Choice Approach
2.4.1 Public Choice Approach as a Part of the Institutional Perspective
2.4.2 Rent-Seeking and Interest Groups
2.4.3 Clientelism
References
3 State Corporate Control in Transition: Challenges and Goals
3.1 The “Heritage” of the Planned Economy
3.1.1 Failed Marxian Hopes
3.1.2 SOEs’ Self-Management Reform in Poland
3.1.3 Decline and Fall of Socialism
3.2 Conceptual Challenges of the State Corporate Control in the Course of Post-Communist Transition
3.2.1 Unprecedented Character of the Tasks and Challenges
3.2.2 Corporate Policy of the State as a Part of the Ownership Policy
3.2.3 Creating the Concept
3.2.3.1 Choosing the Right Model of Capitalism
3.2.3.2 Goals and Tasks of the Corporate Control of the State
3.2.3.3 The Scope of State Ownership and Control
3.2.4 State Corporate Control of What Exactly? The Boundaries of the SOE Sector
3.3 Policy Challenges and Goals of the State Corporate Control in Transition Economies
3.3.1 Place of State Corporate Control Policy in Post-Communist Transition
3.3.2 The Need of Special Attention towards SOEs
3.3.3 The Quest for the Right Solutions: Was Knowledge Import Possible?
3.3.4 Objectives of SOEs: Setting and Monitoring
3.3.5 Legal Challenges
3.3.6 Organizational Challenges
References
4 Evolution of the State Corporate Control in Poland During the Transition
4.1 Introductory Remarks
4.2 Phase One: From Invigilance to Statism—Stages of the Evolution in 1989–2015
4.2.1 The Initial Stage: Fighting the Crisis and Starting the Transition (1989–1993)
4.2.2 The Second Stage: Politicization of the State Corporate Control: The Bounty for Winners (1993–2001)
4.2.3 The Third Stage: Attempts to Consolidate the State Corporate Control (2001–2011)
4.2.4 The Fourth Stage: Expansion of Statism (2011–2015)
4.3 Phase Two: Towards State Capitalism—Since 2016
4.3.1 The Paradigm Change
4.3.1.1 The New Development Paradigm: The State Will Make Poland Great Again
4.3.1.2 Return of SOEs: The New Objectives of the State Corporate Control
4.3.2 Organization of State Corporate Control Under the New Paradigm
4.3.2.1 The Quest for New Organizational Solutions
4.3.2.2 Evolution of the Personnel Policy
4.3.3 Ownership Policy
4.3.3.1 Crawling Re-Nationalization
4.3.3.2 Consolidation of the State Sector
4.3.3.3 Limiting Private Property Rights
References
5 State Corporate Control in Polish Transition: Main Outcomes
5.1 Introductory Remarks
5.2 Achieving the Goals of State Corporate Control
5.2.1 Achieving the Goals of the System Area
5.2.2 Achieving the Economic Goals
5.2.3 Achieving the Fiscal Goals
5.2.4 Achieving the Social Goals
5.2.5 Achieving the Political Goals
5.3 The Place of the SOE Sector in the Polish Economy
5.3.1 The Scale of the SOE Sector
5.3.2 The Extent of the SOE Sector
5.3.3 The Importance of the SOE Sector
References
6 Sources of the State Corporate Control Policy in Poland and Its Evolution
6.1 Acting in Good Faith vs. Pursuing Group Interests
6.1.1 Hypotheses, Mutual Dependence and Compromises
6.1.2 Good Faith
6.1.3 Rent-Seeking
6.1.4 Impact of Good Faith and Rent-Seeking on the Evolution of the State Corporate Control
6.2 Exogenous and Endogenous Factors
6.2.1 Exogenous Factors
6.2.1.1 Knowledge Transfer
6.2.1.2 Impact of Global Economic and Political Processes
6.2.2 Endogenous Factors
6.2.2.1 State of the Economy
6.2.2.2 Intellectual Potential
6.2.2.3 Institutional Setup
6.2.2.4 Public Opinion
6.2.3 Impact of Exogenous and Endogenous Factors on the Evolution of the State Corporate Control
References
7 Polish Experience in a Comparative Perspective
7.1 Introductory Remarks
7.2 Hungary1
7.2.1 Situation Before the Transition
7.2.2 Shaping Up and Evolution of the State Corporate Control During the Transition
7.2.3 Place of the SOE Sector in Hungarian Economy
7.2.3.1 The Scale of the SOE Sector
7.2.3.2 The Extent of the SOE Sector
7.2.3.3 The Importance of the SOE Sector
7.2.4 Sources of the State Corporate Control Policy and Its Evolution in Hungary
7.2.4.1 Acting in Good Faith vs. Pursuing Group Interests
7.2.4.2 Exogenous and Endogenous Factors
7.3 Russian Federation
7.3.1 Situation Before the Transition
7.3.2 Shaping Up and Evolution of the State Corporate Control During the Transition
7.3.3 Place of the SOE Sector in Russian Economy
7.3.3.1 The Scale of the SOE Sector
7.3.3.2 The Extent of the SOE Sector
7.3.3.3 The Importance of the SOE Sector
7.3.4 Sources of the State Corporate Control Policy and Its Evolution in Russia
7.3.4.1 Acting in Good Faith vs. Pursuing Group Interests
7.3.4.2 Exogenous and Endogenous Factors
7.4 Belarus2
7.4.1 Situation Before the Transition
7.4.2 Shaping Up and Evolution of the State Corporate Control During the Transition
7.4.3 Place of the SOE Sector in Belarusian Economy
7.4.3.1 The Scale of the SOE Sector
7.4.3.2 The Extent of the SOE Sector
7.4.3.3 The Importance of the SOE Sector
7.4.4 Sources of the State Corporate Control Policy and Its Evolution in Belarus
7.4.4.1 Acting in Good Faith vs. Pursuing Group Interests
7.4.4.2 Exogenous and Endogenous Factors
References
8 Epilogue
8.1 Course and Effects of the Evolution of the State Corporate Control
8.2 Reasons and Driving Forces
8.3 What May Happen Next?
8.4 Things to Be Done
8.4.1 Fine-Tuning the Use of the Research Perspectives and Tools
8.4.2 Universality and Specificity
References
Index