Globalizing Patient Capital

Erscheinungsjahr 2021
ISBN: 978-1-107-18231-8
Verlag: Cambridge University Press

Buch, Englisch, 300 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 717 g

China's overseas financing is a distinct form of patient capital that marshals the country's vast domestic resources to create commercial opportunities internationally. Its long-term risk tolerance and lack of policy conditionality has allowed developing economies to sidestep the fiscal austerity tendencies of Western markets and multilaterals. Employing statistical tests and extensive field research across China and Latin America, Stephen Kaplan finds that China's patient capital endows national governments with more room to maneuver in formulating domestic policies. The author goes on to evaluate the potential costs of Chinese financing, raising the question of how Chinese lenders will react to developing nation's ongoing struggles with debt and dependency. By disaggregating the structure of international finance, Globalizing Patient Capital has significant implications for the rise of China in Latin America, offering new insights about globalization and showing the costs and benefits of state versus market approaches to development.

Autoren/Hrsg.

Kaplan, Stephen B

Fachgebiete

• Sozialwissenschaften Politikwissenschaft Internationale Beziehungen
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Sozialwissenschaften Ethnologie | Volkskunde Volkskunde Minderheiten, Interkulturelle & Multikulturelle Fragen
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Sozialwissenschaften Soziologie | Soziale Arbeit Spezielle Soziologie Soziologie von Migranten und Minderheiten
• Geisteswissenschaften Geschichtswissenschaft Weltgeschichte & Geschichte einzelner Länder und Gebietsräume Geschichte einzelner Länder Asiatische Geschichte

Inhaltsverzeichnis

1. Introduction: China's Latin American Bankers; 2. The Emergence of Chinese Patient Capital; 3. Globalizing Patient Capital: A Theoretical Framework; 4. The Political Economy of Chinese Finance; 5. Chinese Financing and Latin American Fiscal Space; 6. Public Procurement's Check on Fiscal Expansion; 7. International Loans with Commercial Strings Attached; 8. Conclusion: A Dynamic Creditor-Debtor Relationship.

Über Autor(innen)

Kaplan, Stephen B
Stephen B. Kaplan is Associate Professor of Political Science and International Affairs at George Washington University. He is the author of Globalization and Austerity Politics in Latin America (Cambridge, 2013).