Authoritarian Capitalism: Sovereign Wealth Funds And State-owned Enterprises In East Asia And Beyond (Business And Public Policy)
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- Synopsis
-
Since 1945, the liberal-democratic model of capitalism spread across the globe, ultimately prevailing over communism.
Over the past two decades, a new statist-authoritarian model has begun diffusing across East Asia. Rather than rejecting capitalism, authoritarian leaders harness it to uphold their rule. Based on extensive research of East Asia's largest corporations and sovereign wealth funds, this book argues that the most aggressive version of this model does not belong to China. Rather, it can be found in Malaysia and Singapore.
Although these countries are small, the implications are profound because one-third of all countries in the world possess the same type of regime. With an increasing number of these authoritarian regimes establishing sovereign wealth funds, their ability to intervene in the corporate sectors of other countries is rapidly expanding.
Proposes a new argument for why authoritarian regimes intervene in the corporate sector.
Examines sovereign wealth funds through a political economy framework that considers the broader corporate sector and political institutions in which they are embedded.
Distinguishes among three types of authoritarian regimes, identifying the specific political regime attributes that contribute to more aggressive or passive forms of state-led corporate intervention.
Cases on China, Singapore, Malaysia, Brunei, and Taiwan are placed in comparative perspective, with rich empirical detail about the owners of East Asia's largest corporations both before and after the Asian financial crisis and the rise of liberalizing reforms.
- Copyright:
- 2018
Book Details
- Book Quality:
- Publisher Quality
- ISBN-13:
- 9781108628358
- Related ISBNs:
- 9781316510117, 9781316510117
- Publisher:
- Cambridge University Press
- Date of Addition:
- 06/16/18
- Copyrighted By:
- Richard W. Carney
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Business and Finance, Politics and Government
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.