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ID:
100061
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| Publication |
Washington, DC, Peterson Institute for International Economics, 2010.
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| Description |
xi,54p.
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| Standard Number |
9780881325126
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 055491 | 333.70951/MOR 055491 | Main | On Shelf | General | |
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| 2 |
ID:
085251
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| Publication |
2009.
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| Summary/Abstract |
Critics of "market fundamentalism" and "neoliberal globalization" proclaim the end of a 30-year "free-market revolution." The global financial crisis of 2008, they say, is the last gasp of unbridled capitalism. Politics will once again take primacy over the market. They hail the election of Barack Obama as the dawn of a new Age of Government and global market reregulation, in the U.S. and around the world.
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| 3 |
ID:
095347
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2009.
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| Summary/Abstract |
The literature on Chinese economic engagement with Africa reflects widely-held views that Chinese investment is strategic, politically motivated and therefore more stable and long-term than "Western" foreign capital. In contrast this article argues that various factors underpinning the governance of Chinese state-owned enterprises (SOEs) in fact serve to promote short-term strategies. It contributes to the literature by empirically exploring this proposition through a case study of a Chinese SOE operating in Zambia's mining sector, and by examining two sets of corporate governance characteristics of Chinese SOEs: investors' relationships with the Chinese state, and firm-level strategy, structure and norms. The article finds that these governance characteristics lead to short-term strategies, including excessive cost-cutting and segregated management practices. These short-term strategies reduce the incentives as well as ability of investors to address local environmental and social concerns, thus questioning the contribution of Chinese investment to Africa's long-term development.
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