1. State Capitalism and the New Global D/development Regime
- Author
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Emma Mawdsley, Ilias Alami, Adam D. Dixon, Alami, Ilias [0000-0002-8737-3306], Apollo - University of Cambridge Repository, Technology & Society Studies, and RS: FASoS GTD
- Subjects
Paper ,media_common.quotation_subject ,Geography, Planning and Development ,0211 other engineering and technologies ,0507 social and economic geography ,02 engineering and technology ,Geopolitics ,Competition (economics) ,Politics ,Capital accumulation ,State (polity) ,Political science ,China ,Earth-Surface Processes ,media_common ,development finance architecture ,state enterprises ,05 social sciences ,021107 urban & regional planning ,State capitalism ,multilateral development institutions ,new cold war ,global development regime ,state capitalism ,Political economy ,Capital (economics) ,Papers ,8. Economic growth ,050703 geography - Abstract
Official discourses of Development are being redefined. If the key geopolitical contexts shaping the post‐war Development project were decolonisation and the Cold War, the defining world‐historical transformations shaping the emerging vision of Development are the expansion of state capitalism and the rise of China. The IMF, the World Bank, the OECD, the G20, other multilaterals, and bilateral partners are increasingly taking stock of the rise of state capitalism, and acting as ideational vectors of this emerging regime. However, this new “state capitalist normal” is also portrayed as carrying risks. There is anxiety regarding the direction the political form of global capital accumulation is heading: with the unchecked proliferation of state capitalism possibly blunting competition, politicising economic relations, and intensifying geoeconomic tensions. This anxiety underwrites the current re‐articulation of Development, one which embraces the state as promoter, supervisor, and owner of capital; even as it critiques China’s use of similar instruments.
- Published
- 2021