State Capitalism: How the Return of Statism is Transforming the World

Hardcover | March 16, 2016

byJoshua Kurlantzick

not yet rated|write a review
The end of the Cold War ushered in an age of American triumphalism best characterized by the "Washington Consensus:" the idea that free markets, democratic institutions, limitations on government involvement in the economy, and the rule of law were the foundations of prosperity and stability.The last fifteen years, starting with the Asian financial crisis, have seen the gradual erosion of that consensus. Many commentators have pointed to the emergence of a powerful new rival model: state capitalism. In state capitalist regimes, the government typically owns firms in strategicindustries. Not beholden to private-sector shareholders, such firms are allowed to operate with razor-thin margins if the state deems them strategically important. China, soon to be the world's largest economy, is the best known state capitalist regime, but it is hardly the only one. In Leviathan, Inc., Joshua Kurlantzick ranges across the world - China, Thailand, Brazil, Russia, South Africa, Turkey, and more - and argues that the increase in state capitalism across the globe has, on balance, contributed to a decline in democracy. He isolates some of the reasons for statecapitalism's resurgence: the fact that globalization favors economies of scale in the most critical industries, and the widespread rejection of the Washington Consensus in the face of the problems that have plagued the world economy in recent years. That said, a number of democratic nations haveembraced state capitalism, and in those regimes, state-backed firms like Brazil's Embraer have enjoyed considerable success. Kurlantzick highlights the mixed record and the evolving nature of the model, yet he is more concerned about the negative effects of state capitalism. When states controlfirms, whether in democratic or authoritarian regimes, the government increases its advantage over the rest of society. The combination of new technologies, the perceived failures of liberal economics and democracy in many developing nations, the rise of modern kinds of authoritarians, and the success of some of the best-known state capitalists have created an era ripe for state intervention. Leviathan, Inc. offersthe sharpest analysis yet of what state capitalism's emergence means for democratic politics around the world.

Pricing and Purchase Info

$29.32 online
$32.95 list price (save 11%)
Ships within 1-2 weeks
Ships free on orders over $25
Prices may vary. why?
Please call ahead to confirm inventory.

From the Publisher

The end of the Cold War ushered in an age of American triumphalism best characterized by the "Washington Consensus:" the idea that free markets, democratic institutions, limitations on government involvement in the economy, and the rule of law were the foundations of prosperity and stability.The last fifteen years, starting with the As...

Joshua Kurlantzick is Senior Fellow for Southeast Asia at the Council on Foreign Relations and author of both Democracy in Retreat: The Revolt of the Middle Class and the Worldwide Decline in Representative Government and Charm Offensive: How China's Soft Power is Transforming the World. Previously, he was a scholar at the Carnegie En...

other books by Joshua Kurlantzick

A Great Place to Have a War: America in Laos and the Birth of a Military CIA
A Great Place to Have a War: America in Laos and the Bi...

Hardcover|Jan 24 2017

$34.10 online$37.00list price(save 7%)
Democracy In Retreat: The Revolt Of The Middle Class And The Worldwide Decline Of Representative…
Democracy In Retreat: The Revolt Of The Middle Class An...

Paperback|Mar 25 2014

$27.82 online$28.95list price
Managing Instability on China's Periphery
Managing Instability on China's Periphery

Kobo ebook|Sep 1 2011

$2.05 online$2.61list price(save 21%)
see all books by Joshua Kurlantzick
Format:HardcoverDimensions:272 pages, 9.25 × 6.12 × 0.98 inPublished:March 16, 2016Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:019938570X

ISBN - 13:9780199385706

Look for similar items by category:

Customer Reviews of State Capitalism: How the Return of Statism is Transforming the World

Reviews

Extra Content

Table of Contents

1. Leviathan Re-Emerges2. A Brief History of (State Intervention) Time3. The Shift is On: Why State Capitalism Has Flourished Over the Past Decade4. A Taxonomic Guide to the State Capitalists5. China's State Capitalism - A Closer Look6. The Democratic State Capitalists: A Closer Look7. Can State Capitalism Be Successful?8. The Implications9. Prescriptions for the Future