Authoritarian capitalism : sovereign wealth funds and state-owned enterprises in East Asia and beyond / Richard W. Carney.

Format:

Book

Author/Creator:

Carney, Richard W., author.

Series:

Business and public policy

Language:

English

Subjects (All):

Capitalism--Political aspects--East Asia.

Capitalism.

Authoritarianism--East Asia.

Authoritarianism.

Globalization--East Asia.

Globalization.

Capitalism--Political aspects.

East Asia.

Physical Description:

xv, 316 pages : illustrations ; 24 cm.

Place of Publication:

Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2018.

Summary:

"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"-- Provided by publisher.

"Authoritarian Capitalism Sovereign Wealth Funds and Corporate Intervention in East Asia and Beyond 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"-- Provided by publisher.

Contents:

Machine generated contents note: 1. Introduction; 2. Theory; 3. Global patterns; 4. East Asia patterns; 5. NAR: Brunei; SPAR: China; From SPAR to Democracy: Taiwan; 6. DPAR with a weakly dominant ruling party: Malaysia; 7. DPAR with a strongly dominant ruling party: Singapore; 8. Conclusions.

Notes:

Includes bibliographical references and index.

ISBN:

9781316510117

1316510115

OCLC:

1013590492