- Publisher: Cambridge University Press
- Online publication date: April 2018
- Print publication year: 2018
- Online ISBN: 9781108186797
Since 1945, the liberal-democratic model of capitalism spread across the globe, ultimately prevailing over communism. Over the past two decades, a new statist-authoritarian model has begun diffusing across East Asia. Rather than rejecting capitalism, authoritarian leaders harness it to uphold their rule. Based on extensive research of East Asia's largest corporations and sovereign wealth funds, this book argues that the most aggressive version of this model does not belong to China. Rather, it can be found in Malaysia and Singapore. Although these countries are small, the implications are profound because one-third of all countries in the world possess the same type of regime. With an increasing number of these authoritarian regimes establishing sovereign wealth funds, their ability to intervene in the corporate sectors of other countries is rapidly expanding.
Stephan Haggard - Krause Distinguished Professor, University of California, San Diego
Takeo Hoshi - Henri H. and Tomoye Takahashi Senior Fellow in Japanese Studies, Stanford University, California
Sea-Jin Chang - Lim Kim San Chair Professor of Business Administration, National University of Singapore
Seung Ho Park - Parkland Chair Professor and Director of the Center for Emerging Market Studies, CEIBS
Krislert Samphantharak - School of Global Policy and Strategy, University of California, San Diego
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