The State as Investment Market

The State as Investment Market
Author :
Publisher : University of Pittsburgh Press
Total Pages : 308
Release :
ISBN-10 : 9780822981404
ISBN-13 : 0822981408
Rating : 4/5 (04 Downloads)

Book Synopsis The State as Investment Market by : Johan Engvall

Download or read book The State as Investment Market written by Johan Engvall and published by University of Pittsburgh Press. This book was released on 2016-09-07 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a detailed examination of Kyrgyzstan, Johan Engvall goes well beyond the case of this single country to elaborate a broad theory of economic corruption in developing post-Soviet states regionally—as a rational form of investment market for political elites. He reveals how would-be officials invest in offices to obtain access to income streams associated with those offices. Drawing on extensive fieldwork over an eight-year period, Engvall details how these systems work and the major implications this holds for political and economic development in the region. Often identified and criticized simply as obstacles to development by scholars, Engvall instead argues that these systems must be reinterpreted in the context of a standardized and entrenched method of organizing the state. He also shows how private actors have been unsuccessful in buying preferential treatment directly from the state. Instead, public officials have become the predominant conduit to influencing policy process and monitoring the sale of protection, property rights, and other privatized "public" goods.


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