Foreign States in Domestic Markets: Sovereign Wealth Funds and the West (Hardback)
  • Foreign States in Domestic Markets: Sovereign Wealth Funds and the West (Hardback)
zoom

Foreign States in Domestic Markets: Sovereign Wealth Funds and the West (Hardback)

(author), (author)
£65.00
Hardback 192 Pages / Published: 16/12/2021
  • In stock
  • Free UK delivery

UK delivery within 2 weeks

  • This item has been added to your basket
Your local Waterstones may have stock of this item. Please check by using Click & Collect
Political economy debates have focused on the internationalisation of private capital, but foreign states increasingly enter domestic markets as financial investors. How do policy makers in recipient countries react? Do they treat purchases as a threat and impose restrictions or see them as beneficial and welcome them? What are the wider implications for debates about state capacities to govern domestic economies in the face of internationalisation of financial markets? In response, Foreign States in Domestic Markets have developed the concept of 'internationalised statism', where governments welcome the use of foreign state investments to govern their domestic economies. These foreign state investments are applied to the most prominent overseas state investors, Sovereign Wealth Funds (SWFs). Many SWFs are from Asia and the Middle East and their number and size have greatly expanded, reaching $9 trillion by 2020. This book examines policies towards non-Western SWFs buying company shares in four countries: the US, UK, France, and Germany. Although the US has imposed significant legal restrictions, the others have pursued internationalised statism in ways that are surprising given both popular and political economy classifications. This book argues that the policy patterns found are related to domestic politics, notably the preferences and capacities of the political executive and legislature, rather than solely economic needs or national security risks. The phenomenon of internationalised statism underlines that overseas state investment provides policy makers in recipient states with new allies and resources. The study of SWFs shows that internationalisation and liberalisation of financial markets offer national policy makers opportunities to govern their domestic economies.

Publisher: Oxford University Press
ISBN: 9780198786085
Number of pages: 192
Weight: 482 g
Dimensions: 240 x 163 x 15 mm

You may also be interested in...

Agent Sonya
Added to basket
£8.99   £7.49
Paperback
The Spy and the Traitor
Added to basket
Agent Zigzag
Added to basket
£12.99
Paperback
We Are Bellingcat
Added to basket
£9.99   £8.49
Paperback
Divided
Added to basket
£9.99
Paperback
White Eagles Over Serbia
Added to basket
Preventable
Added to basket
£20.00   £17.99
Hardback
A Line in the Sand
Added to basket
£9.99
Paperback
A Woman of No Importance
Added to basket
Tunnel 29
Added to basket
£10.99   £9.49
Paperback
Prisoners of Geography
Added to basket
Border Wars
Added to basket
Leadership
Added to basket
£25.00   £21.99
Hardback
Spike
Added to basket
£9.99   £8.49
Paperback
The Hong Kong Diaries
Added to basket
£30.00   £26.99
Hardback
Red Notice
Added to basket
£10.99
Paperback

Please sign in to write a review

Your review has been submitted successfully.