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Authoritarian Capitalism

Authoritarian Capitalism

Paperback

Series: Business and Public Policy

EconomicsGeneral Political Science

ISBN10: 1108741886
ISBN13: 9781108741880
Publisher: Cambridge University Press
Published: Jan 17 2019
Pages: 334
Weight: 0.99
Height: 0.70 Width: 6.00 Depth: 9.00
Language: English
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.

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General Political Science