Cross-border state-led investment is a recently rising, but understudied phenomenon of the global political economy. Existing research employs an anecdotal and case-oriented perspective that does not engage in a systemic, large-scale analysis of this rise of transnational state investment and its ...
We document and explain the rise of a novel form of intervention on the part of the Chinese state: the expansion of state capital beyond ownership of state firms. We argue that state investment as a mode of state intervention in the economy is conceptually distinct from both "state capitalism...
StateCapitalism:TheRiseof SovereignWealthFunds GerardLyons Abstract SovereignWealthFunds(SWFs)haveexistedsince1953andareheretostay.Theirsizeandinfluence issettogrow.Alreadyvaluedaround$2.2trillion,oncurrenttrendstheycouldevenreach$13.4trillion inadecade.Thesegovernmentcontrolledfundsareexpectedtotakebiggerfinancialstakes...
The rise of the New Culture Movement championing democracy and science, the victory of the October Revolution in Russia, the May 4th Movement, and the spread of Marxism in China, began to awaken the Chinese people, and progressive...
Capital Ideas: The IMF and the Rise of Financial Liberalization. By Jeffrey M.Chwieroth. Princeton: Princeton University Press, 2009. 352p. $95.00 cloth, $52.50 paper. Power and the Governance of Global Trade: From the GATT to the WTO. By Soo YeonKim. Ithaca, NY: Cornell University ...
It has prompted state capital and state-owned enterprises to grow stronger, better, and larger, established a modern enterprise system with Chinese characteristics, and worked to make the public sector more competitive, innova...
The global balance sheet – the sum of all assets and liabilities in the world economy – has expanded continuously for the past two decades. But while its rise has been faster than during this soaring of the world's 'wealth on paper', productivity has slowed and investment dwindled. Boosti...
Second, the belated but (once it started) accelerated rise in interest rates in the past 14 months has greatly increased the cost of central banks’ liabilities, while reducing the value of their assets. After a year of rapidly raising interest rates, the ECB and its shareholder central banks...
could enhance production efficiency through flexible production line modifications, significantly reducing per-unit manufacturing costs. Additionally, a dual-headquarters model spanning Wuhan and Chongqing could form a "Yangtze River Economic Belt Automotive Corridor," fueling imagination for the rise of a ...
In the years since the COVID-19 pandemic struck, we’ve witnessed the rise, after decades of decline, of extreme poverty. A resurgence of deadly infectious diseases. Climate disasters. Old wars and new ones. 新冠疫情暴发以来的几年里,我们目睹了极端贫困率在经历了几十年的下降后出现反弹、致命的...