Quis Custodiet Ipsos Custodes? Corporate governance failures in the transition
Stiglitz, Joseph E. (1999). Quis Custodiet Ipsos Custodes? Corporate governance failures in the transition. Presented at the Oxford University Press, USA, Paris.
Stiglitz, Joseph E. (1999). Quis Custodiet Ipsos Custodes? Corporate governance failures in the transition. Presented at the Oxford University Press, USA, Paris.
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Two economic events have dominated the twentieth century—the socialist/communist experiment that began in the Soviet Union in 1917 and ended with the fall of the Soviet Empire just under a decade ago; and the transition of these economies to market economies during the past decade. There is widespread agreement about the lessons from the first—central planning cannot replace markets, and even market socialism cannot replace the incentives associated with capitalism—incentives to produce goods more cheaply, to produce what consumers want, and to innovate. But the lessons from the second experiment are far more ambiguous, and it is upon these that I want to focus my remarks today.
CONF
Annual Bank Conference on Development Economics-Europe
Stiglitz, Joseph E.
1999
22
Oxford University Press, USA
Paris
0199241554
941
