Module Note | 2013 (Revised from original 2012 version)

State Capitalism and State-Owned Enterprise Reform

by Aldo Musacchio

Abstract

The note examines state capitalism in the twenty-first century. It introduces a series of topics and cases related to state capitalism, such as the debate about the causes of inefficiency in state owned enterprises, possible ways of turning them around, as well as a short discussion of sovereign wealth funds (SWFS), national champions, development banks, etc. The note explicitly links some of these topics to HBS cases designed to dive deeper into each subject.

Keywords: State capitalism; state-owned enterprises; business government relations; political economy; turnarounds;

Citation:

Musacchio, Aldo. "State Capitalism and State-Owned Enterprise Reform." Harvard Business School Module Note 712-028, March 2013. (Revised from original April 2012 version.)