Meno di un minuto

After two decades of privatizations and rolling back of the State from the economic activity, we are now witnessing a sudden shift in economic policies. The solutions proposed to the current financial crisis (such as the Tarp or bank recapitalizations) imply…

After two decades of privatizations and rolling back of the State from the economic activity, we are now witnessing a sudden shift in economic policies. The solutions proposed to the current financial crisis (such as the Tarp or bank recapitalizations) imply a massive intervention of the State into the financial sector. The efficiency of the market system is being seriously questioned. Economic research has been (partly) taken off guard by this abrupt shift in policies. In our opinion, this is the right timing for starting a research project supporting a very broad reflection on the new role of the State in the economic activity: State Capitalism 2.0. Although it is still unclear whether we face a temporary expansion of the State, or rather a structural change, the revamped role of the State will probably take different forms and will be along several dimensions. We would like to focus on a few of them, those more in line with the traditional research activity of the Fondazione Eni Enrico Mattei (FEEM), that is corporate governance and regulation.