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.

Business and public policy

Language:

English

Subjects (All):

Capitalism--Political aspects--East Asia.

Capitalism.

Authoritarianism--East Asia.

Authoritarianism.

Globalization--East Asia.

Globalization.

Physical Description:

1 online resource (xv, 316 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : 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.

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:

Title from publisher's bibliographic system (viewed on 24 Apr 2018).

Includes bibliographical references and index.

ISBN:

1-108-62835-4

1-108-18679-3

1-108-56415-1