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The importance of sovereign wealth funds in the economy - the case of Singapore's Temasek
Pham, Tomáš Tuan ; Žamberský, Pavel (advisor) ; Jedlinský, Jakub (referee)
The aim of the bachelor thesis is to point out the importance of sovereign wealth funds in the economy. For this purpose was chosen Singapore's sovereign wealth fund Temasek. The theoretical part of this bachelor thesis deals with the characteristics of sovereign wealth funds in the context of state capitalism. The practical part uses analytical and synthetic methods for examining the role of Temasek in Singapore's economy and its impact on state-owned enterprises. The thesis focuses on examining the influence of Temasek on fiscal policy and on the Singapore's balance of payments.
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The model of Chinese state capitalism and its position in the world economy
Čechura, Tadeáš ; Jiránková, Martina (advisor) ; Bejkovský, Jan (referee)
The strengthening position of the system of state capitalism begins to represent an equal counterpart to liberal-minded market economies. In this power distribution, China plays a significant role as a powerful and innovative representative of this strengthening system that combines the unchallengeable power of the state apparatus with free market functionalities and the benefits of capitalism. The impact on the distribution of forces in the world economy and the position of China is changing essentially through the system of state capitalism. The thesis analyzes the advantages and disadvantages of this system for the domestic market of China as well as for its position on the global market scale.
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State capitalism in Russia
Reissová, Denisa ; Jiránková, Martina (advisor) ; Krupka, Lukáš (referee)
The bachelor thesis deals with state capitalism in Russia. The first chapter is focused on characterization of state capitalism and its history. It contains reasons, why some states prefer this type of capitalism and which tools they use to enforce their political goals. The chapter also explains advantages and disadvantages of this approach and briefly describes its features in China and Saudi Arabia. The second chapter applies the theory from the first chapter on Russia. It contains characterization of Russian economy and its history, focusing on the role of state in the economy. The chapter also describes tools of state capitalism in Russia, especially state-owned enterprises in energetic sector and sovereign funds. There is also an explanation of effects of state capitalism on Russian economy and global market.
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Chinese Economic System: Market Economy or State Capitalism?
Bejkovský, Jan ; Jiránková, Martina (advisor) ; Stuchlíková, Zuzana (referee) ; Fárek, Jiří (referee) ; Kříž, Martin (referee)
This dissertation deals with the nature of the Chinese economic system. The first chapter focuses on the global economy and seeks to define the main economic systems prevailing in it, ie. Anglo-Saxon, Continental and Asian-developmental. Compared to these systems defined as market economies, the dissertation consequently analyses and defines a system of state capitalism and the main elements of it. The following part of the dissertation is focused on the historical Chinese approaches to economic governance of the country and attempts to identify those historical approaches that are still relevant and influential in modern Chinese economy. The third chapter analyses the Chinese economic system and the role of the state in it; it also examines the government's approach to the ownership of state enterprises and the overall extent of state ownership in the Chinese economy. The final chapter examines the different types of state subsidies to domestic, often state, enterprises in China. As an example of the various subsidies a case study on the automotive industry is used.
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Manifestations of Chinese state capitalism abroad
Drugda, Zbyněk ; Stuchlíková, Zuzana (advisor) ; Jiránková, Martina (referee)
In the past, the Chinese economy frequently used the model of state capitalism to ensure the economic growth. As the growth invoked the extreme demand for natural resources, China started to use state enterprises for procurement of necessary resources. As the result of the expansion, we can observe overseas positive and negative effects. At the same time banker and stock exchange brokers are surprised to see first big sovereign fund´s acquisitions seeking prospective technology or profitable assets. The advantage of those funds is possibility to use huge foreign exchange reserves gained by the policy of cheap Yuan. Therefore, the thesis analyzes the overseas manifestations of state capitalism embodied in state enterprises and sovereign wealth funds and investigates whether the main incentives of the Chinese enterprises are resources and technology.
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