TY - JOUR
T1 - State Capitalism and the New Global D/development Regime
AU - Alami, Ilias
AU - Dixon, Adam D.
AU - Mawdsley, Emma
N1 - Funding Information:
This research was supported by the European Research Council (ERC) under the European Union’s Horizon 2020 research and innovation programme (grant agreement no. 758430). Thanks are due to Callum Ward, Sarah Hughes‐McLure, Frances Brill, Tom Purcell, Kyunghoon Kim, Milan Babic, Imogen Liu, the editor Stefan Ouma, and three anonymous reviewers for helpful comments and constructive feedback. 1
Publisher Copyright:
© 2021 The Authors. Antipode published by John Wiley & Sons Ltd on behalf of Antipode Foundation Ltd.
PY - 2021/9
Y1 - 2021/9
N2 - 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.
AB - 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.
KW - development finance architecture
KW - global development regime
KW - multilateral development institutions
KW - new cold war
KW - state capitalism
KW - state enterprises
UR - http://www.scopus.com/inward/record.url?scp=85103893004&partnerID=8YFLogxK
U2 - 10.1111/anti.12725
DO - 10.1111/anti.12725
M3 - Article
AN - SCOPUS:85103893004
SN - 0066-4812
VL - 53
SP - 1294
EP - 1318
JO - Antipode
JF - Antipode
IS - 5
ER -