- Political Economy, International Political Economy, Critical international political economy, Critical Political Economy, Financial Crisis of 2008/2009, Financialization, and 77 moreFinancialisation, Critical European Studies, Critical Perspectives on European Union, Global Financial Crisis, Comparative Capitalism, State capitalism, Euro-Zone Crisis, Political Economy of Euro Crisis, Design Faults in Euro Zone Project, Emerging Markets, Multinational Corporations, North-South relations, Corporate Governance, Global Governance, Global Economic Governance, IFRS & FINANCIAL REPORTING, IFRS, IFRS Debate, Multinational Enterprises, Emerging Economies Multinational Enterprises, Emerging Market Multinationals, Varieties of Capitalism, Deep Integration, Private Governance, Transnational Politics, World Systems Analysis, World System, World-Systems Theory, German Capitalism, Brazilian Political Economy, Indian political economy, Indian Capitalism, Chinese multinationals, Dependency Theory, Power and dependence, Anti-trust/Competition Law, Competition Policy, Policy Networks, IFRS,Transnational governance, transnational policy networks, Politics of International Development, Politics of international financial regulations, Politics of Global Finance, Fractions of Capital, Developmental State, Eurozone, Economic Crisis, Comparative Political Economy, International and Comparative Political Economy, European Capitalisms, Emerging Economies, Emerging Powers, Emerging powers, Global power shift, Rise of BRICS Countries, Global powr Shift, Emerging powers, Internationla security and Global politics, International Historical Sociology, Historical Institutionalism, Institutional Theory, Economic History, Political Economy and History, BRICS nations (Brazil, Russia, India, China and South Africa), BRICS, BRIC´s, The Global Political Economy, Global Political Economy, Political Economy of Development, Developmentalism, Political Economy of South Africa, Chinese Capitalism, International Accounting Standards, International Accounting Standards Board, Karl Polanyi, European Debt Crisis, European Sovereign Debt Crisis, Beijing Consensus, China Political Economy, Political Economy of China, Eurozone crisis, and Sovereign debt crisis in the EUedit
Given the complexity of the coronavirus crisis, many members of the lay public, but also many Social Science students feel overwhelmed by the various topics and the policy initiatives responding to the health crisis and the later... more
Given the complexity of the coronavirus crisis, many members of the lay public, but also many Social Science students feel overwhelmed by the various topics and the policy initiatives responding to the health crisis and the later recession. This limits citizens’ ability to exercise their democratic rights in steering the future course of events. The book aims at narrowing the uncertainty regarding the future of the economic system, thereby contributing to a more informed decision-making process on the side of governments and of public discourse on the side of citizens. In order to pursue this target, the book analyzes modern capitalism by dividing it into several policy areas and spheres of action. These include the relationship between economy and society as well as with the environment, domestic and international economic institutions, geo-economic shifts and core ideological controversies. For each of these features, the book examines the core alternatives, based on established debates in Comparative and International Political Economy scholarship, and reviews the early evidence at hand. By breaking down the monumental developments within capitalism caused by the coronavirus crisis into manageable chunks, the book assists readers in making up their mind about current political alternatives.
Research Interests:
Special issue in International Politics The rise of emerging economies and its likely implications for the global order are among the most exciting topics of contemporary International Relations scholarship. Among the emerging markets,... more
Special issue in International Politics
The rise of emerging economies and its likely implications for the global order are among the most exciting topics of contemporary International Relations scholarship. Among the emerging markets, China counts as a particularly interesting case for the study of future global rulemaking, given the countries' economic and political power. Therefore, the question whether the further rise of China will be peaceful or confrontational – and the corresponding policy conclusions – has become one of the most widely debated over the last decade. Recent discussions about this issue have been oscillating between the prediction of an increasing number of conflicts on the one side and the assumption of China's harmonious integration into the existing global order on the other.
The rise of emerging economies and its likely implications for the global order are among the most exciting topics of contemporary International Relations scholarship. Among the emerging markets, China counts as a particularly interesting case for the study of future global rulemaking, given the countries' economic and political power. Therefore, the question whether the further rise of China will be peaceful or confrontational – and the corresponding policy conclusions – has become one of the most widely debated over the last decade. Recent discussions about this issue have been oscillating between the prediction of an increasing number of conflicts on the one side and the assumption of China's harmonious integration into the existing global order on the other.
Research Interests: International Relations, Political Economy, International Relations Theory, International Studies, Political Science, and 11 moreEast Asia, Politics, International Political Economy, East Asian Studies, China, International Economic Relations, China studies, Theory of International Relations, International Relations of East Asia, Asian Security, China's Foreign Policy, International Relations Theory, Space Security, Politics and International relations, and International and Comparative Political Economy
n dieser Unterrichtsreihe setzen sich Schülerinnen und Schüler mit verschiedenen Aspekten der Globalisierung auseinander. Was bedeutet Globalisierung des Handels, der Finanzmärkte, von Produktion und Arbeitsmärkten? Aktuelle Themen sind... more
n dieser Unterrichtsreihe setzen sich Schülerinnen und Schüler mit verschiedenen Aspekten der Globalisierung auseinander. Was bedeutet Globalisierung des Handels, der Finanzmärkte, von Produktion und Arbeitsmärkten? Aktuelle Themen sind u.a. die Arbeitsbedingungen bei der Vorbereitung der Fußball-WM in Katar und in der Textilindustrie in Asien ebenso wie die Frage, warum Menschen aus ihrer Heimat fliehen und wie Europa auf sie reagiert.
Research Interests: International Relations, Political Economy, Globalization, Didactics, International Trade, and 17 moreProduction, Learning and Teaching, Global Governance, Political Science, International Political Economy, Foreign Direct Investment, Globalisation and Development, Globalization and Governance, Globalization And Higher Education, International Finance, Labor unions, The Global Political Economy, Trade unions, Global Political Economy, Global Economic Governance, International Business & Globalization, and Globalisation
Research Interests:
The rise of multinational corporations (MNCs) from emerging markets has been a major development during the last decade. An important feature of emerging market MNCs is their close relationship with home states. This book investigates... more
The rise of multinational corporations (MNCs) from emerging markets has been a major development during the last decade. An important feature of emerging market MNCs is their close relationship with home states. This book investigates this special kind of relationship and explores how it affects the cross-border activities of these corporations. In order to address this task, it opts for an integration of approaches traditionally kept apart because of the disciplinary separation between International Business and International Political Economy. Based on country case studies of the most important emerging markets, as well as of investigations into selected international institutions, it highlights the emergence of a third wave of state capitalism that is different from the previous two in the 19th and 20th centuries. State capitalism 3.0 is neither based on prohibitive tariffs, nor on one central command, but rather on a variety of formal and informal cooperative relationships between various public authorities and individual companies.
Research Interests:
Der Aufstieg von „Schwellenländern“ wie Brasilien, Indien oder China gehört seit mehr als zehn Jahren zu den bestimmenden Themen der Diskussion über globale Politik und Wirtschaft. Seit der Finanzkrise hat sich dieser Aufstieg noch... more
Der Aufstieg von „Schwellenländern“ wie Brasilien, Indien oder China gehört seit mehr als zehn Jahren zu den bestimmenden Themen der Diskussion über globale Politik und Wirtschaft. Seit der Finanzkrise hat sich dieser Aufstieg noch beschleunigt und wirft interessante Fragen für eine Vielzahl politikwissenschaftlicher Teildisziplinen auf, von den Internationalen Beziehungen und der Internationalen Politischen Ökonomie über die Entwicklungspolitik bis hin zur Vergleichenden Politikforschung. Dieser Band gibt einen Überblick über die aktuelle Diskussion zu diesem Thema.
Research Interests:
Mit der Finanz- und Wirtschaftskrise seit 2007 hat eine breite gesellschaftliche und akademische Debatte über die Rolle der Finanzmärkte und des Finanzsektors im gegenwärtigen Kapitalismus eingesetzt. Die unter dem Stichwort... more
Mit der Finanz- und Wirtschaftskrise seit 2007 hat eine breite gesellschaftliche und akademische Debatte über die Rolle der Finanzmärkte und des Finanzsektors im gegenwärtigen Kapitalismus eingesetzt. Die unter dem Stichwort Finanzialisierung in diesem Band versammelten Beiträge setzen sich aus einer Vielzahl von Perspektiven mit den Ursprüngen und Folgen der Ausbreitung einer Finanzmarktlogik in Wirtschaft und Gesellschaft auseinander. Ausgehend von Veränderungen im Finanzsektor selbst werden dabei auch neuere Entwicklungen wie die Finanzialisierung von Umwelt und Naturresourcen in den Blick genommen.
Research Interests:
Während in den 1990er Jahren viele noch das globalisierungsbedingte Ende nicht-liberaler Formen kapitalistischer Organisation – etwa der Entwicklungsstaaten oder der „organisierten“ Kapitalismen Kontinentaleuropas – und eine Konvergenz... more
Während in den 1990er Jahren viele noch das globalisierungsbedingte Ende nicht-liberaler Formen kapitalistischer Organisation – etwa der Entwicklungsstaaten oder der „organisierten“ Kapitalismen Kontinentaleuropas – und eine Konvergenz hin zu einem neoliberal-angelsächsischen Modell vorhersagten, dominieren inzwischen andere Auffassungen das Feld der Vergleichenden Kapitalismusforschung. Insbesondere neoinstitutionalistische Ansätze, etwa die emblematische Varieties of Capitalism-Perspektive, haben die These von der fortdauernden Koexistenz und Konkurrenz unterschiedlicher Kapitalismen (wieder) mehrheitsfähig gemacht. Dabei ist aber paradoxerweise ins Hintertreffen geraten, was eigentlich im Vordergrund jeglicher Kapitalismusanalyse stehen sollte: die kritische Auseinandersetzung mit der kapitalistischen Produktionsweise in ihrer globalen Vielgestaltigkeit. Vor diesem Hintergrund legt dieser Band einen kritischen Überblick über die Vergleichende Kapitalismusforschung vor. Er vollzieht die Debatten innerhalb des Feldes nach und dokumentiert zentrale Weiterentwicklungen der neoinstitutionalistischen Literatur. Zugleich führt er innovative Ansätze aus der kritischen politischen Ökonomie ein, die dazu beitragen können, die genannten analytischen und politischen Defizite aufzuarbeiten
Research Interests:
Research Interests:
Research Interests:
Research Interests:
"In der öffentlichen und der wissenschaftlichen Diskussion werden internationale Organisationen häufig verkürzt dargestellt. Der Band zeigt, dass sie sich weder auf ihre Mitgliedsstaaten noch auf ihre Verwaltungsstäbe reduzieren lassen.... more
"In der öffentlichen und der wissenschaftlichen Diskussion werden internationale Organisationen häufig verkürzt dargestellt. Der Band zeigt, dass sie sich weder auf ihre Mitgliedsstaaten noch auf ihre Verwaltungsstäbe reduzieren lassen. Nur ein komplexes Verständnis internationaler Organisationen, das Erkenntnisse aus der Organisationsforschung und aus den Internationalen Beziehungen integriert, kann uns helfen, die Möglichkeiten und Grenzen internationaler Organisationen im globalen Regieren richtig zu verstehen
Research Interests:
This volume explores a variety of forms of transnational private governance where non-state actors cooperate across borders to establish rules and standards accepted as legitimate by other agents. Transnational private governance is a... more
This volume explores a variety of forms of transnational private governance where non-state actors cooperate across borders to establish rules and standards accepted as legitimate by other agents.
Transnational private governance is a core feature of the devolution of power that we observe in the global realm and that is bringing about new forms of authority. Transnational Private Governance provides theoretically and empirically informed insights into the interactions between states and non-state actors including domains beyond intergovernmental organizations, conventional non-governmental organizations, and multinational enterprises, covering a wide range of arrangements, from highly formal devolutions of power to lax and informal platforms of interaction between private actors. Contributing to the latest generation of globalization studies, the authors consider the relationship between states and markets as closely integrated and seek to broaden the scope of enquiry by including new patterns and agents of change on a transnational basis.
This book will be of great interest to researchers and students of political science, international political economy, economics, business studies, globalisation and law.
Transnational private governance is a core feature of the devolution of power that we observe in the global realm and that is bringing about new forms of authority. Transnational Private Governance provides theoretically and empirically informed insights into the interactions between states and non-state actors including domains beyond intergovernmental organizations, conventional non-governmental organizations, and multinational enterprises, covering a wide range of arrangements, from highly formal devolutions of power to lax and informal platforms of interaction between private actors. Contributing to the latest generation of globalization studies, the authors consider the relationship between states and markets as closely integrated and seek to broaden the scope of enquiry by including new patterns and agents of change on a transnational basis.
This book will be of great interest to researchers and students of political science, international political economy, economics, business studies, globalisation and law.
Research Interests:
This ambitious volume explores the politics of recent changes in corporate governance regulation and the transnational forces driving the process. Corporate governance has in the 1990s become a catchphrase of the global business... more
This ambitious volume explores the politics of recent changes in corporate governance regulation and the transnational forces driving the process.
Corporate governance has in the 1990s become a catchphrase of the global business community. The Enron collapse and other recent corporate scandals, as well as growing worries in Europe about the rise of Anglo-Saxon finance, have made issues of corporate governance the subject of political controversies and of public debate.
The contributors argue that the regulation of corporate governance is an inherently political affair. Given the context of the deepening globalization of the corporate world, it is also increasingly a transnational phenomenon. In terms of the content of regulation the book shows an increasing reliance on the application of market mechanisms and a tendency for corporations themselves to become commodities. The emerging new mode of regulation is characterized by increasing informalization and by forms of private regulation. These changes in content and mode are driven by transnational actors, first of all the owners of internationally mobile financial capital and their functionaries such as coordination service firms, as well as by key public international agencies such as the European Commission.
The Transnational Politics of Corporate Governance Regulation will be of interest to students and researchers of international political economy, politics, economics and corporate governance.
Corporate governance has in the 1990s become a catchphrase of the global business community. The Enron collapse and other recent corporate scandals, as well as growing worries in Europe about the rise of Anglo-Saxon finance, have made issues of corporate governance the subject of political controversies and of public debate.
The contributors argue that the regulation of corporate governance is an inherently political affair. Given the context of the deepening globalization of the corporate world, it is also increasingly a transnational phenomenon. In terms of the content of regulation the book shows an increasing reliance on the application of market mechanisms and a tendency for corporations themselves to become commodities. The emerging new mode of regulation is characterized by increasing informalization and by forms of private regulation. These changes in content and mode are driven by transnational actors, first of all the owners of internationally mobile financial capital and their functionaries such as coordination service firms, as well as by key public international agencies such as the European Commission.
The Transnational Politics of Corporate Governance Regulation will be of interest to students and researchers of international political economy, politics, economics and corporate governance.
Research Interests:
Research Interests: Business, Economic Sociology, Law, Political Economy, Regulation And Governance, and 12 moreCorporate Governance, Political Science, Governance, International Political Economy, Social Economy, Corporate Finance, Law and Economics, Management Science, Applied Economics, Business studies, Political economy of regulation, and Law Economics
Research Interests:
Das Ziel der vorliegenden Arbeit ist es, eine Perspektive zu entwickeln, um politische Transnationalisierungsphänomene aus sehr unterschiedlichen empirischen Kontexten in einem gemeinsamen theoretischen Bezugsrahmen zu analysieren. Die... more
Das Ziel der vorliegenden Arbeit ist es, eine Perspektive zu entwickeln, um politische Transnationalisierungsphänomene aus sehr unterschiedlichen empirischen Kontexten in einem gemeinsamen theoretischen Bezugsrahmen zu analysieren. Die Arbeit geht davon aus, dass diese verschiedenen Aspekte transnationaler Politik genügend Gemeinsamkeiten aufweisen, so dass man sie mit einer einheitlichen Theorie untersuchen kann. Ein solches Modell transnationaler Politik soll vor allem eine analytische Alternative zur dominierenden Regierungszentrik anbieten, dieses jedoch nicht grundsätzlich ablösen, sondern nur unter bestimmten, klar zu benennenden Bedingungen eine überlegene Interpretation ermöglichen. Als Grundbausteine für ein solches Modell wurden hier einerseits das Politiknetzwerkkonzept aus Policy-Forschung bzw. Organisationstheorie verwendet und andererseits Vorstellungen zur transnationalen Politik, die in den Internationalen Beziehungen entwickelt wurden. Dieses „eingebettete Ressourcenabhängigkeitsmodell transnationaler Politiknetzwerke“ geht davon aus, dass sich ein Großteil politischer Transnationalisierungsphänomene als Tausch von Ressourcen innerhalb eines Netzwerkes korporativer Akteure analysieren lässt. Wann diese Tauschprozesse jedoch relevant werden und welcher Einfluss verschiedenen Akteuren dabei zukommt, lässt sich nur vor dem Hintergrund der historischen und räumlichen Einbettung dieser Netzwerke in verschiedene Interessen- und Institutionenstrukturen klären. Die Arbeit entwickelt und testet Hypothesen über diese Strukturen in vier empirischen Anwendungsfeldern (transgouvernementale Koordination von Wirtschaftshilfe, Mikroregionalismus in Grenzregionen, Nichtregierungsorganisationen in der nationalen und internationalen Politik, EU-Mehrebenensystem).
Research Interests: European Studies, International Relations, International Studies, Transnationalism, Political Science, and 9 moreNon-Governmental Organizations (NGOs), European Union, European Union (International Studies), Policy Networks, Multi-level governance, Paradiplomacy, Official Development Assistance (ODA), Transgovernmental Networks, and Public Policy
Die Studie stellt Interorganisations-Netzwerke als Form internationaler Kooperation vor und demonstriert zugleich das Potential der Netzwerkanalyse für das Studium der Internationalen Politik. Als Beispiel dient dabei die Koordination von... more
Die Studie stellt Interorganisations-Netzwerke als Form internationaler Kooperation vor und demonstriert zugleich das Potential der Netzwerkanalyse für das Studium der Internationalen Politik. Als Beispiel dient dabei die Koordination von Entwicklungshilfe für Afrika. Hier belegt Nölkes Arbeit, daß dieses Netzwerk in seiner Koordinationsleistung durch die ausgeprägte Zentralisierung um die Weltbank herum begrenzt wird. Die Ursachen für diese zentrale Stellung der Weltbank werden mit Hilfe organisationstheoretischer Konzepte herausgearbeitet, wobei die Studie zeigt, daß zwischen Internationaler Politik und Verwaltungswissenschaft eine theoretisch fruchtbare synergetische Verbindung hergestellt werden kann.
Research Interests: Organizational Theory, Network Analysis, World Bank, Foreign Aid, Social Network Analysis (SNA), and 11 moreOrganization Theory, European Commission, African Development, Organizational Sociology, International Aid and Development, The Politics of International Aid, International Aid, Donor Coordination and Multilateral Agencies, Foreign assistance, Official Development Assistance (ODA), and Aid Effectiveness and Donor Coordination
Right-wing populist parties who obtain governmental power rely on ethno-nationalist mobilization for domestic legitimacy and may therefore adopt policies that explicitly seek to disadvantage foreign multinational enterprises (MNEs).... more
Right-wing populist parties who obtain governmental power rely on ethno-nationalist mobilization for domestic legitimacy and may therefore adopt policies that explicitly seek to disadvantage foreign multinational enterprises (MNEs). Consequently, they constitute particularly revealing cases for scholars of international business policy and political risk. Yet, scholarship on the various ways in which populist business policies affect MNEs remains scarce. Understanding what makes a foreign MNE particularly exposed to adverse action by right-wing populists is a theoretically and practically important yet understudied question for the field of international business policy. In this paper we investigate the hitherto largely understudied context of right-wing populism in post-socialist members states of the European Union, which constitute extreme cases of right-wing populist government power. We adopt a case study-based theory-building approach. We draw on a unique set of interviews and secondary literature from a range of disciplines to developed propositions that form a research agenda on this important question.
Research Interests: International Business, Political Extremism/Radicalism/Populism, Populism, Multinational Enterprises, Foreign Direct Investment, and 10 morePoland, Multinational Corporations, International Business Strategy, International Business Management, Foreign Direct Investment (FDI), Hungary, Slovenia, Radical Right-wing Populist Parties, Dependency Theory, and International Economics and Business
Research Interests:
While growth in India stayed relatively stable over the last decade, Brazil fell into deep recession and a fundamental political and economic crisis. Why did these two countries, despite their similarities, diverge so massively within... more
While growth in India stayed relatively stable over the last decade, Brazil fell into deep recession and a fundamental political and economic crisis. Why did these two countries, despite their similarities, diverge so massively within only 10 years? Through a paired comparison, this article probes two alternative approaches to capitalist diversity to explain the divergence among two rising economic powers and ‘state capitalisms’. It finds that through the lens of a firm-centred supply-side approach, one largely sees institutional stability in both economies, while a focus on the demand side and respective growth models makes visible fundamental destabilization in Brazil. The fragility of domestic demand, the vulnerability of global economic integration and the erosion of key social coalitions, we contend, are key to unpack the divergence between Brazil and India. This study thereby not only sheds a new light on emerging market capitalism but also discusses further possibilities for ...
Research Interests:
Wolfgang Streeck’s essay „Between Charity and Justice: Remarks on the Social Construction of Immigration Policy in Rich Democracies“ (2018) contains a wealth of intriguing insights on recent debates on immigration in Germany and other... more
Wolfgang Streeck’s essay „Between Charity and Justice: Remarks on the Social Construction of Immigration Policy in Rich Democracies“ (2018) contains a wealth of intriguing insights on recent debates on immigration in Germany and other advanced capitalist countries. His sharp, witty and stimulating piece focuses on the views of what he calls a “liberallibertarian left”. Indeed, there are problematic aspects to the liberal left discourse on migration, which he unerringly detects and comments on in his inimitable scathing style. Streeck should be commended for the courage of his convictions. For a “left case against open borders” predictably provokes a controversial debate, as Angela Nagle recently (2018) experienced.
Has the rise of large emerging economies come to an end? Considering crumbling growth rates and political turbulences, wide parts of the academic and public discourse tend to embrace this conclusion. The present paper takes up this debate... more
Has the rise of large emerging economies come to an end? Considering crumbling growth rates and political turbulences, wide parts of the academic and public discourse tend to embrace this conclusion. The present paper takes up this debate and examines the stability of these countries’ economic model from a Comparative Capitalism research perspective. It builds on the formation of a specific model of state-permeated market economy (SME) in these countries (Nölke et al. 2015). This type of capitalism draws its economic dynamic from a particular interplay of several institutional spheres whose developments are moving center stage in the paper. Specifically, we apply a comparative case study approach to Brazil and India to investigate whether the institutional pillars of the economic model have changed in a way that questions the continued existence of the SME variety of capitalism. We highlight a number of challenges that might have destabilized state-permeated capitalism in Brazil, bu...
Research Interests:
Dependency has usually been conceptualized as a form of economic and political deformation of the countries of the periphery by the countries of the core and by the specific core–periphery relations between the two groups of countries.... more
Dependency has usually been conceptualized as a form of economic and political deformation of the countries of the periphery by the countries of the core and by the specific core–periphery relations between the two groups of countries. Much less attention, however, has been given to the effects of core–periphery relations upon the core. Through an inductive analysis of Germany, a core country within the EU and a country with extreme export orientation, I show how dependency also affects core countries. I highlight a number of negative effects on the German economy, social fabric, and political system, among which, extensive wage restraint and reduced public investments to maintain export competitiveness. I conclude arguing that a more balanced relationship would be beneficial for most social groups in both groups of countries, peripheries, and cores.
Research Interests:
Research Interests:
Der Fokus unserer Forschung zum Populismus sollte nicht auf dem harten Kern rechter Parteien liegen, sondern auf jenen, die diese Parteien nur aus Protest wählen oder gar nicht mehr wählen. Wir sollten auch nicht den Fehler machen, die... more
Der Fokus unserer Forschung zum Populismus sollte nicht auf dem harten Kern rechter Parteien liegen, sondern auf jenen, die diese Parteien nur aus Protest wählen oder gar nicht mehr wählen. Wir sollten auch nicht den Fehler machen, die Unterstützung rechter Parteien als irrational und postfaktisch darzustellen. Kern unserer Forschung sollten jene ungleichen wirtschaftlichen und sozialen Strukturen sein, die zum Aufstieg rechter Parteien führen.
Research Interests:
The main argument in the article is that the Brexit vote and strategy of the government of the UK post-Brexit should be seen as part of wider developments in global capitalism. It is suggested that there is a counter-movement against... more
The main argument in the article is that the Brexit vote and strategy of the government of the UK post-Brexit should be seen as part of wider developments in global capitalism. It is suggested that there is a counter-movement against liberal capitalism that was triggered by the economic crisis of 2008 and the stagnating incomes that set in as austerity policies were widely pursued. The new direction is termed as organized capitalism, with a stronger focus on the national level. This is reflected in the election of Donald Trump in the US, the rise of right-wing populist parties in Continental Europe and the erosion of global liberal institutions. Organized capitalism does not have to be reactionary as it may open up wider options for societal influences on the economy that can be a source of social reforms.
Research Interests:
Research Interests:
Research Interests:
Disconnecting Russia from SWIFT is one of the most widely discussed potential sanctions in the econtext of the Ukraine crisis. Many contributions to the debate are not sufficiently familiar with the functions of SWIFT. In order to put the... more
Disconnecting Russia from SWIFT is one of the most widely discussed potential sanctions in the econtext of the Ukraine crisis. Many contributions to the debate are not sufficiently familiar with the functions of SWIFT. In order to put the discussion on a more firm ground, I'm making this chapter already available although it will only be published much later. The chapter puts SWIFT into the context of discussions about financialization and state capitalism, clarifies the role of SWIFT in the global payment infrastructure, takes stock of the various political affairs about SWIFT and discusses Chinese and Russian alternatives to SWIFT as well as to the existing cross-border payments infrastructure more generally.
Research Interests:
For more than three decades, increasing financialisation has been a core feature of the European economy. This process does not only lead to economic instability, but also to social inequality. A driving force of financialisation in... more
For more than three decades, increasing financialisation has been a core feature of the European economy. This process does not only lead to economic instability, but also to social inequality. A driving force of financialisation in Europe are the internal market institutions of the European Union, aggravated through the introduction of the Euro and the programmes for rescuing the common currency. The European Union, principally, should be the most suitable institution to limit financialisation in favour of a more social Europe, given that it is often considered to be a shield against the harsh winds of globalisation. However, both the legal foundations as well as the political power relations within the Union are more likely to rather pave the way towards a deepening of financialisation and social inequality.
Research Interests:
The article discusses advances and limitations of Comparative Capitalism scholarship on the causes of the Eurozone crisis. It explains the crisis by highlighting four basic mechanisms: first, the absence of a system of coordinated wage... more
The article discusses advances and limitations of Comparative Capitalism scholarship on the causes of the Eurozone crisis. It explains the crisis by highlighting four basic mechanisms: first, the absence of a system of coordinated wage bargaining has been made responsible for the loss of cost competitiveness. Second, the specialization in price-sensitive medium-quality goods and the corresponding loss of market shares to emerging markets has been attributed to the weak innovation systems of Southern economies. Third, the loss of competitiveness has been masked temporarily by a strong increase of public indebtedness and, fourth, private household indebtedness. These four explanations do not put the blame for the Eurozone crisis on a single government or a single type of actors, but rather highlight the systemic causes for the crisis, brought about by the construction of a common currency for institutionally very heterogeneous economies.
Research Interests: European Studies, Economics, International Political Economy, Comparative Political Economy, European Politics, and 16 moreEuropean Union, European Union Politics, Varieties of Capitalism, Comparative Capitalism, Eurozone, Economic and Monetary Union, Eurozone crisis, Eurozone breakdown, International and Comparative Political Economy, Eurozone Report, Eurozone Governance, Economic crisis and question to the existence of eurozone, European Economic and Monetary Union, Eurozone Economy, Political Economy of the Eurozone, and Eurozone Exit
The contribution has been marked as the top-viewed paper in Palgrave journals in Politics, International Relations and Development in 2015. Abstract: The rise of emerging economies and its likely implications for the global order are... more
The contribution has been marked as the top-viewed paper in Palgrave journals in Politics, International Relations and Development in 2015.
Abstract:
The rise of emerging economies and its likely implications for the global order are among the most exciting topics of contemporary International Relations scholarship. Among the emerging markets, China counts as a particularly interesting case for the study of future global rulemaking, given the countries' economic and political power. Therefore, the question whether the further rise of China will be peaceful or confrontational – and the corresponding policy conclusions – has become one of the most widely debated over the last decade. Recent discussions about this issue have been oscillating between the prediction of an increasing number of conflicts on the one side and the assumption of China's harmonious integration into the existing global order on the other.
Abstract:
The rise of emerging economies and its likely implications for the global order are among the most exciting topics of contemporary International Relations scholarship. Among the emerging markets, China counts as a particularly interesting case for the study of future global rulemaking, given the countries' economic and political power. Therefore, the question whether the further rise of China will be peaceful or confrontational – and the corresponding policy conclusions – has become one of the most widely debated over the last decade. Recent discussions about this issue have been oscillating between the prediction of an increasing number of conflicts on the one side and the assumption of China's harmonious integration into the existing global order on the other.
Research Interests: International Relations, Political Economy, International Relations Theory, Foreign Policy Analysis, International Studies, and 10 morePolitical Science, International Political Economy, Foreign Policy, International Politics, China, China studies, China's foreign policy, Varieties of Capitalism, Politics and International relations, and China’s foreign policy-making, state-society relations, nationalism, public opinion, social unrest and popular protest, political reform and democratization, soft power, and the rise of China
China plays a ‘mainstream’ role in global banking negotiations and does not articulate positions that considerably contradict those of the dominant actors (e.g. the US or UK). Still, the Chinese banking sector differs quite considerably... more
China plays a ‘mainstream’ role in global banking negotiations and does not articulate positions that considerably contradict those of the dominant actors (e.g. the US or UK). Still, the Chinese banking sector differs quite considerably from those of Western economies. In order to understand the Chinese stance on international banking regulation, we need to look at the development of domestic regulation in China. An analysis of institutional changes in Chinese banking regulations highlights the importance of various political-economic factions that have different positions on banking regulation. These factions are a core ingredient of the Chinese state-permeated model of capitalism. Moreover, it is impossible to understand the development of this type of capitalism without taking the size of the economy and the timing of its historical insertion into global capitalism into account.
Research Interests: International Relations, International Relations Theory, International Studies, International Development, Political Science, and 12 moreInternational Political Economy, Banking, International Politics, China, China studies, China's foreign policy, Varieties of Capitalism, Banking Regulation, Finance and banking, Banking Laws and Regulations, Basel III and banking regulation, and Banking and Finance
Die Härte der Eurogruppe gegenüber Athen hat Europas Linke geschockt. Speziell das Auftreten der Bundesregierung sorgte für einhellige Empörung. Aber diese Aufregung geht am eigentlichen Problem vorbei. Tatsächlich wurzeln die Zwänge,... more
Die Härte der Eurogruppe gegenüber Athen hat Europas Linke geschockt. Speziell das Auftreten der Bundesregierung sorgte für einhellige Empörung. Aber diese Aufregung geht am eigentlichen Problem vorbei. Tatsächlich wurzeln die Zwänge, unter denen Griechenland leidet, im Eurosystem selbst. Der "linke Ausstieg" aus dem Euro gewinnt daher zunehmend an Sympathie.
Research Interests: European Studies, International Relations, Political Economy, European integration, Marxism, and 27 moreInternational Studies, Political Science, International Political Economy, Capitalism, European Politics, European Union, New Left, Institutions (Political Science), Financial Crisis of 2008/2009, Financial Crises, Social Democracy, Global Financial Crisis, Greece, Financial Crisis, Left Realism, Economic Crisis, Post-Keynesian Economics, Eurozone, Greek Financial Crisis, European Central Bank, Currency, Eurozone crisis, Eurozone breakdown, Marxist Political Economy, European Left-wing Politics, Economic crisis and question to the existence of eurozone, and Left Wing Parties
Der Aufstieg großer Schwellenländer wie Brasilien, Indien und China gehört zu den wichtigsten Umwälzungen in der globalen politischen Ökonomie. Die Frage liegt nahe, ob diese Verschiebung wirtschaftlicher Gewichte auch zu einer neuen... more
Der Aufstieg großer Schwellenländer wie Brasilien, Indien und China gehört zu den wichtigsten Umwälzungen in der globalen politischen Ökonomie. Die Frage liegt nahe, ob diese Verschiebung wirtschaftlicher Gewichte auch zu einer neuen Weltwirtschaftsordnung führt. Sie lässt sich auf unterschiedliche Weise beantworten. Eine Möglichkeit ist es, sich mit den Artikulationen von Politikern aus diesen Ländern in internationalen Institutionen zu beschäftigen; eine andere, die jeweils nationalen Diskurse über die Weltwirtschaftsordnung zu analysieren. In diesem Essay verfolgen wir eine dritte Option. Wir untersuchen die Form des Kapitalismus, die sich in den letzten Jahrzehnten in den großen Schwellenländern herausgebildet hat und fragen davon ausgehend, welche langfristigen Implikationen sich für die globale Wirtschaftsordnung ergeben. Aus unserer Sicht bietet sich diese Perspektive an, da die heute dominierenden weltwirtschaftlichen Institutionen sich nicht zufällig an der bisher führenden globalen Wirtschaftsmacht, den USA, orientieren.
Research Interests: International Relations, Political Economy, Globalization, Global Governance, Emerging Economies, and 26 moreNorth-South relations, International Political Economy, Comparative Political Economy, Brazil, International Politics, China, International Economic Relations, Critical international political economy, Emerging Markets, India, The Global Political Economy, Varieties of Capitalism, Emerging Market, Emerging Powers, Comparative Capitalism, BRICS, Global Political Economy, State capitalism, Politics and International relations, Global power shift, Emerging powers of Global South: Rising BRICS Countries, Emerging powers, Global power shift, Rise of BRICS Countries, BRICS nations (Brazil, Russia, India, China and South Africa), International and Comparative Political Economy, Global Economic Governance, and Globalization and Economic Governance
Point of departure are the challenges to the legitimacy of the International Accounting Standards Board (IASB) triggered by the 2008 financial crisis and the rise of new powers, as well as the ensuing institutional reforms. These... more
Point of departure are the challenges to the legitimacy of the International Accounting Standards Board (IASB) triggered by the 2008 financial crisis and the rise of new powers, as well as the ensuing institutional reforms. These institutional reforms only had a very limited impact on the day-to-day operations of the IASB, as far as the role of rising powers is concerned, as demonstrated by a study of the operational activities of the institution and its committees. This is somewhat puzzling, given that there are substantial differences between the economic requirements of companies in emerging economies and the substance of IFRS. We may explain this puzzle by pointing at the limited ability of the IASB – as a case of transnational private governance - to enforce thorough and comprehensive implementation of IFRS. Companies from emerging do not need to spend a great deal of attention on IASB deliberations, because they can mostly use loopholes in the national application of these accounting rules. At the same time, the private expert-based character of the IASB puts severe hurdles in front of rising power representatives that seek to influence the content of IFRS.
Research Interests: International Relations, Political Economy, Emerging Economies, International Political Economy, International Politics, and 10 moreEmerging Markets, IFRS, Emerging Powers, Private regulation and governance, Emerging powers, Global power shift, Rise of BRICS Countries, IFRS & FINANCIAL REPORTING, Private Regulation, IFRS Debate, Transnational Private Regulation, and IASBB
The rise of the large emerging economies of Brazil, India and China can be counted among the most important contemporary structural changes in the global political economy. This article attempts to determine whether these countries have a... more
The rise of the large emerging economies of Brazil, India and China can be counted among the most important contemporary structural changes in the global political economy. This article attempts to determine whether these countries have a common
institutional model for governing their economies and addresses the implications of these commonalities for global economic institutions. The approach consists of three major steps: firstly, a general ideal type for encompassing capitalism in these large emerging economies is
constructed, and dubbed ‘state-permeated market economy’. Secondly, we compare these countries empirically, with regard to the features highlighted by the ideal type and in contrast
to other varieties of capitalism. Finally, we extrapolate some long-term implications for the global economic order, based on the assumption that foreign economic policies will be informed by domestic institutional structures. Based on these three steps we conclude that a
further deepening of the liberal global order is unlikely.
institutional model for governing their economies and addresses the implications of these commonalities for global economic institutions. The approach consists of three major steps: firstly, a general ideal type for encompassing capitalism in these large emerging economies is
constructed, and dubbed ‘state-permeated market economy’. Secondly, we compare these countries empirically, with regard to the features highlighted by the ideal type and in contrast
to other varieties of capitalism. Finally, we extrapolate some long-term implications for the global economic order, based on the assumption that foreign economic policies will be informed by domestic institutional structures. Based on these three steps we conclude that a
further deepening of the liberal global order is unlikely.
Research Interests:
This is the original ('green') version of a manuscript that – in a revised version – has been accepted by the European Journal of International Relations. The final, definitive version of this paper will be published in the European... more
This is the original ('green') version of a manuscript that – in a revised version – has been accepted by the European Journal of International Relations. The final, definitive version of this paper will be published in the European Journal of International Relations by SAGE Publications Ltd, All rights reserved. ©. An online edition of the final version is available at http://ejt.sagepub.com/content/early/2014/11/21/1354066114553682.abstract?&location1=all&location2=all&row_operator2=and&term_operator1=and&term_operator2=and&ct.
ABSTRACT: The rise of the large emerging economies of Brazil, India and China can be counted among the most important contemporary structural changes in the global political economy. This article attempts to determine whether these countries have a common institutional model for governing their economies and addresses the implications of these commonalities for global economic institutions. The approach consists of three major steps: firstly, a general ideal type for encompassing capitalism in these large emerging economies is constructed, and dubbed ‘state-permeated market economy’. Secondly, we compare these countries empirically, with regard to the features highlighted by the ideal type and in contrast to other varieties of capitalism. Finally, we extrapolate some long-term implications for the global economic order, based on the assumption that foreign economic policies will be informed by domestic institutional structures. Based on these three steps we conclude that a further deepening of the liberal global order is unlikely.
ABSTRACT: The rise of the large emerging economies of Brazil, India and China can be counted among the most important contemporary structural changes in the global political economy. This article attempts to determine whether these countries have a common institutional model for governing their economies and addresses the implications of these commonalities for global economic institutions. The approach consists of three major steps: firstly, a general ideal type for encompassing capitalism in these large emerging economies is constructed, and dubbed ‘state-permeated market economy’. Secondly, we compare these countries empirically, with regard to the features highlighted by the ideal type and in contrast to other varieties of capitalism. Finally, we extrapolate some long-term implications for the global economic order, based on the assumption that foreign economic policies will be informed by domestic institutional structures. Based on these three steps we conclude that a further deepening of the liberal global order is unlikely.
Research Interests:
The rise of the large emerging economies of Brazil, India and China can be counted among the most important contemporary structural changes in the global political economy. This article attempts to determine whether these countries have a... more
The rise of the large emerging economies of Brazil, India and China can be counted among the most important contemporary structural changes in the global political economy. This article attempts to determine whether these countries have a common institutional model for governing their economies and addresses the implications of these commonalities for global economic institutions. The approach consists of three major steps: firstly, a general ideal type for encompassing capitalism in these large emerging economies is constructed, and dubbed ‘state-permeated market economy’. Secondly, we compare these countries empirically, with regard to the features highlighted by the ideal type and in contrast to other varieties of capitalism. Finally, we extrapolate some long-term implications for the global economic order, based on the assumption that foreign economic policies will be informed by domestic institutional structures. Based on these three steps we conclude that a further deepening of the liberal global order is unlikely.
Research Interests:
The rise of the large emerging economies of Brazil, India and China can be counted among the most important contemporary structural changes in the global political economy. This article attempts to determine whether these countries have a... more
The rise of the large emerging economies of Brazil, India and China can be counted among the most important contemporary structural changes in the global political economy. This article attempts to determine whether these countries have a common institutional model for governing their economies and addresses the implications of these commonalities for global economic institutions. The approach consists of three major steps: firstly, a general ideal type for encompassing capitalism in these large emerging economies is constructed, and dubbed ‘state-permeated market economy’. Secondly, we compare these countries empirically, with regard to the features highlighted by the ideal type and in contrast to other varieties of capitalism. Finally, we extrapolate some long-term implications for the global economic order, based on the assumption that foreign economic policies will be informed by domestic institutional structures. Based on these three steps we conclude that a further deepening of the liberal global order is unlikely.
Research Interests:
1. The European Union (EU) must adjust to the changing global balance in terms of a different set of competitive forces (’Shifting Wealth’), especially to challenges from emerging market multinationals. 2. In the context of indebtedness... more
1. The European Union (EU) must adjust to the changing global balance in terms of a different set of competitive forces (’Shifting Wealth’), especially to challenges from emerging market multinationals.
2. In the context of indebtedness of member state economies and given the will to promote re-industrialization of these economies, investments from emerging market multinationals are key.
3. Given the fundamental importance of the home country state for emerging market multinationals, it is unrealistic to demand a hands off-approach, but there are legitimate concerns with regard to the protection of intellectual property rights and market access that have to be addressed in investment agreements.
2. In the context of indebtedness of member state economies and given the will to promote re-industrialization of these economies, investments from emerging market multinationals are key.
3. Given the fundamental importance of the home country state for emerging market multinationals, it is unrealistic to demand a hands off-approach, but there are legitimate concerns with regard to the protection of intellectual property rights and market access that have to be addressed in investment agreements.
Research Interests: International Business, Emerging Economies, Foreign Direct Investment, Brazil, European Union, and 15 moreTurkey, China, Industrial Engineering, Strategy (Business), European Union Politics, Multinational Corporations, Sovereign Wealth Funds, Emerging Markets, Russia, Mexico, Qatar, United Arab Emirates, International Business Management, company formation in UAE, and Foreign Direct Investment ( FDI )
Research Interests:
Research Interests:
Research Interests:
Der Artikel trägt dazu bei, Instrumentarien der Vergleichenden und Internationalen Politischen Ökonomie für die Analyse großer Schwellenländer nutzbar zu machen. Es zeigt sich dabei, dass sich in Brasilien, Indien und China (BIC) ein... more
Der Artikel trägt dazu bei, Instrumentarien der Vergleichenden und Internationalen Politischen Ökonomie für die Analyse großer Schwellenländer nutzbar zu machen. Es zeigt sich
dabei, dass sich in Brasilien, Indien und China (BIC) ein ähnlicher Kapitalismustypus mit speziellen institutionellen Komplementaritäten herausgebildet hat, welcher einen wichtigen Beitrag zur wirtschaftlichen Dynamik seit den 2000ern, aber auch zur nach wie vor ausgeprägten sozio-ökonomischen Ungleichheit geleistet hat. Verglichen werden die staatlich
durchdrungenen Marktökonomien der BIC-Länder in den Bereichen Corporate Governance, Unternehmensfinanzierung, Arbeitsbeziehungen, Ausbildungssystem und Innovationstransfer sowie die Komplementaritäten zwischen diesen Institutionen und die engen Kooperationen zwischen Unternehmen und staatlichen Akteuren. Über die bisher üblicherweise untersuchten Sphären der Vergleichenden Kapitalismusforschung hinaus werden zudem die Sphären Binnenmarkt und internationale wirtschaftliche Einbettung integriert, da diese für die Charakterisierung und Entwicklung großer Schwellenländer eine zentrale Rolle spielen.
dabei, dass sich in Brasilien, Indien und China (BIC) ein ähnlicher Kapitalismustypus mit speziellen institutionellen Komplementaritäten herausgebildet hat, welcher einen wichtigen Beitrag zur wirtschaftlichen Dynamik seit den 2000ern, aber auch zur nach wie vor ausgeprägten sozio-ökonomischen Ungleichheit geleistet hat. Verglichen werden die staatlich
durchdrungenen Marktökonomien der BIC-Länder in den Bereichen Corporate Governance, Unternehmensfinanzierung, Arbeitsbeziehungen, Ausbildungssystem und Innovationstransfer sowie die Komplementaritäten zwischen diesen Institutionen und die engen Kooperationen zwischen Unternehmen und staatlichen Akteuren. Über die bisher üblicherweise untersuchten Sphären der Vergleichenden Kapitalismusforschung hinaus werden zudem die Sphären Binnenmarkt und internationale wirtschaftliche Einbettung integriert, da diese für die Charakterisierung und Entwicklung großer Schwellenländer eine zentrale Rolle spielen.
Research Interests:
Der Abgesang auf die großen Schwellenländer ist verfrüht. Denn ihre staatlich durchdrungenen Marktökonomien könnten eine dauerhaft erfolgreiche Kapitalismusvariante sein.
Research Interests:
Research Interests:
Research Interests:
The purpose of the paper is to introduce a special issue which looks at the collaboration between the Brazilian state and Brazilian corporations with regard to the transnational activities of the latter. Design/methodology/approach... more
The purpose of the paper is to introduce a special issue which looks at the collaboration between the Brazilian state and Brazilian corporations with regard to the transnational activities of the latter.
Design/methodology/approach
Departing from the state of the art of current studies of emerging market multinationals the paper highlights the need for inter-disciplinary work in order to understand the particular role of the state with regard to the outward expansion of these companies. The paper then highlights the different approaches the five papers of the special issue have taken in order to address this task.
Findings
Although Brazil can be counted among the most liberal emerging markets, the special issue finds a very close cooperation between the Brazilian state and Brazilian multinationals. The former helps to finance overseas expansion of Brazilian multinationals, supports the solution of conflicts with the governments of neighboring countries and articulates the interests of Brazilian multinationals in global governance. The problems created by this close cooperation rather materialize with third parties, in particular with somewhat poorer countries in the Brazilian neighbourhood, but also with smaller companies, consumers or radical social movements in Brazil.
Originality/value
The paper shows the diversity of approaches that an inter-disciplinary cooperation between Political Science, Political Economy, Development Studies and International Business can mobilize in order to make sense of very close state-business cooperation with regard to transnational activities of emerging markets multinationals.
Design/methodology/approach
Departing from the state of the art of current studies of emerging market multinationals the paper highlights the need for inter-disciplinary work in order to understand the particular role of the state with regard to the outward expansion of these companies. The paper then highlights the different approaches the five papers of the special issue have taken in order to address this task.
Findings
Although Brazil can be counted among the most liberal emerging markets, the special issue finds a very close cooperation between the Brazilian state and Brazilian multinationals. The former helps to finance overseas expansion of Brazilian multinationals, supports the solution of conflicts with the governments of neighboring countries and articulates the interests of Brazilian multinationals in global governance. The problems created by this close cooperation rather materialize with third parties, in particular with somewhat poorer countries in the Brazilian neighbourhood, but also with smaller companies, consumers or radical social movements in Brazil.
Originality/value
The paper shows the diversity of approaches that an inter-disciplinary cooperation between Political Science, Political Economy, Development Studies and International Business can mobilize in order to make sense of very close state-business cooperation with regard to transnational activities of emerging markets multinationals.
Research Interests:
Vielfach wird angenommen, dass der Aufstieg der großen Schwellenländer auch die Spielregeln der globalen Wirtschaftsordnung verändern wird, die bisher maßgeblich von den Ländern der Triade (USA, EU und Japan) geprägt wurde. Tatsächlich... more
Vielfach wird angenommen, dass der Aufstieg der großen Schwellenländer auch die Spielregeln der globalen Wirtschaftsordnung verändern wird, die bisher maßgeblich von den Ländern der Triade (USA, EU und Japan) geprägt wurde. Tatsächlich gibt es Anhaltspunkte für entsprechende Konflikte, angeregt etwa durch die Rolle Brasiliens und Indiens in der WTO. Andererseits existieren auch erhebliche Zweifel an der revolutionären Rolle dieser Staaten, etwa wenn China als „Status Quo“-Macht in der globalen Finanzmarktregulierung dargestellt oder das wachsende Interesse von indischen Multis an einem wirksamen Schutz intellektueller Eigentumsrechte hervorgehoben wird. Das Puzzle dieses Beitrags liegt also im Kontrast zwischen der Forderung nach einer neuen Weltwirtschaftsordnung auf Seiten einzelner Vertreter von Schwellenländern einerseits und der dann doch recht konventionellen Eingliederung der entsprechenden Regierungen in bestehende ordnungspolitische Muster andererseits. Erklärt wird die Beobachtung damit, dass das sich in den großen Schwellenländern herausbildende Wirtschaftsmodell kompatibel mit der aktuellen institutionellen Struktur der Weltwirtschaftsordnung ist (insbesondere angesichts deren in vielen Bereichen wenig durchgreifenden Implementation) und die dissidente Rhetorik vor allem zur innenpolitischen Legitimitierung dieses hochgradig ungleichen Wirtschaftsmodells dient.
Research Interests:
Die Diskussion über Finanzialisierung hat bereits eine Vielzahl von Ursachen des Aufstiegs des Finanzsektors analysiert. Allerdings dominiert bei diesen Analysen in der Regel eine strukturelle Perspektive, die die Finanzialisierung... more
Die Diskussion über Finanzialisierung hat bereits eine Vielzahl von Ursachen des Aufstiegs des Finanzsektors analysiert. Allerdings dominiert bei diesen Analysen in der Regel eine strukturelle Perspektive, die die Finanzialisierung insbesondere der westlichen Ökonomien während der letzten Jahrzehnte als Folge von Verschiebungen im globalen Kapitalismus darstellt. Relativ wenig untersucht werden hingegen die konkreten politischen Akteure und regulatorischen Weichenstellungen, die zur Finanzialisierung in diesen Ländern beigetragen haben.
Research Interests:
The recent rise of Chinese multinationals is rather remarkable. The prominent role of the Chinese state in regulating and supporting business is very well known regarding its state-owned enterprises. Much less well known, however, are the... more
The recent rise of Chinese multinationals is rather remarkable. The prominent role of the Chinese state in regulating and supporting business is very well known regarding its state-owned enterprises. Much less well known, however, are the varied ways in which the Chinese state allies itself with private Chinese multinationals. This article first provides a survey of the various forms that the close linkages between ‘private’ Chinese multinationals and the Chinese state take. Based on a theoretical framework that combines concepts from comparative capitalism with those of global political economy, the second part of the article focuses on domestic support measures, whereas the third part addresses the cooperation between Chinese multinationals and the Chinese state with regard to international relations.