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State Capitalism and the New Global D/development Regime
Ilias Alami1, Adam D Dixon1, Emma Mawdsley2
1Faculty of Arts and Social Sciences Maastricht University Maastricht The Netherlands.
Antipode
|September 30, 2021
Summary
Development discourse is shifting due to state capitalism and China's rise. International organizations acknowledge this trend but also express concerns about potential risks to competition and economic relations.
Area of Science:
- Political Economy
- International Development Studies
Background:
- The post-war Development project was shaped by decolonization and the Cold War.
- Current geopolitical shifts include the expansion of state capitalism and the rise of China.
Purpose of the Study:
- To analyze the redefinition of Development discourses.
- To examine the influence of state capitalism and China's rise on global development paradigms.
- To understand the anxieties surrounding the new "state capitalist normal".
Main Methods:
- Analysis of official discourses from international organizations (IMF, World Bank, OECD, G20).
- Examination of geopolitical and economic transformations.
- Content analysis of policy documents and statements.
Main Results:
- International bodies are increasingly incorporating state capitalism into Development frameworks.
- There is a recognized tension between embracing state-led capital accumulation and critiquing specific national practices (e.g., China's).
- Concerns exist regarding potential negative impacts on competition and increased geoeconomic tensions.
Conclusions:
- Development is being re-articulated to include the state as a key economic actor.
- The rise of state capitalism presents both opportunities and challenges for global economic governance.
- Anxiety over the unchecked proliferation of state capitalism influences current Development policy reorientations.
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