The Development Trend of State-owned Enterprises in Europe and Its Impact
State-owned enterprises often play an important role in a country,and the same is true for European countries.The evolution of European state-owned enterprises and their role in domestic and foreign policy making can provide theoretical support for a profound understanding of the strategic policy formulation of European countries as well as the strategic role of state-owned enterprises.European state-owned enterprises have undergone a process of nationalisation and privatization over time,mainly concentrated in public utilities of economies of scale related to national security,such as energy,transport and communications.The organisational and regulatory models of state-owned enterprises are influenced by various political-economic characteristics of different countries in different stages.From the perspective of macroeconomic policy tools,strategic control,environmental and social responsibility,the role of state-owned enterprises lies in that they influence government decision making through direct participation and indirect recommendations.Based on their role in domestic affairs,state-owned enterprises play an important role in European countries'foreign policy as well,particularly in enhancing international reputation and status,increasing competitiveness in the international market,and promoting international exchanges concerning economic,technological and cultural issues.In addition,state-owned enterprises play a role as an implementation window in foreign policy,providing government with a voice in the formulation of international rules and enhancing the government's leadership role in global governance.
state owned enterprisesEuropeforeign policynational governancestrategic industries