Open AccessInterventionism in the era of globalization
Author(s) -
Roman Sobiecki,
Stanisław Kowalczyk
Publication year - 2019
Publication title -
kwartalnik nauk o przedsiębiorstwie
Language(s) - English
Resource type - Journals
eISSN - 2719-3276
pISSN - 1896-656X
DOI - 10.5604/01.3001.0013.2847
Subject(s) - interventionism (politics) , globalization , economic interventionism , economics , economic system , authoritarianism , political economy , political science , economic policy , market economy , development economics , democracy , international relations , law , politics
The authors analyze the need and possibilities of increased state involvement in the market mechanism,i.e. the perspective of interventionism in the era of globalization. The beginning of interventionismdates back to ancient times, and the last period of increased state participation in economic processesstarted during the Great Depression, which ended in the 1970s. The need to restore state involvementin the market was reiterated and written in connection with the first global economic crisis of the 21stcentury. A crisis that exposed the weaknesses of neo-liberal concepts, their effectiveness in solvingproblems in the field of economic development, eliminating crises and limiting market turbulences.The authors distinguish such models of contemporary interventionism as: the globalization model, regional(EU) and authoritarian model, as well as the Scandinavian (Nordic) and continental (German)models. They also analyze the most desirable level of intervention (global versus state) and the tools ofcontemporary intervention (fiscal policy, structural policy, investment policy).