Authoritarian Capitalism

Richard Carney is a faculty member of the China Europe International Business School (CEIBS). His articles have appeared in journals such as the Journal of Financial Economics, Business and Politics, and the Review of International Political Economy. He is also the author of Contested Capitalism: The Political Origins of Financial Systems (2009) and editor of Lessons from the Asian Financial Crisis (2011). Prior to CEIBS, he held faculty positions at the Australian National University and the Nanyang Technological University in Singapore. He has extensive experience speaking to executives and government officials from across Asia, North America, Europe, and Australia.

'Authoritarian Capitalism arrives at a critical historical moment. With the earlier wave of democratization stalled or in reverse, we are forced to revisit the nature of autocracy. Richard W. Carney takes this work in a new and exciting direction by looking at the foreign economic policies of authoritarian regimes, including how they propagate state-led development models and use their sovereign wealth funds. This is an ambitious contribution that goes beyond economic issues to changing politics in the Asia-Pacific and even questions of liberal and illiberal grand strategies.' Stephan Haggard, Krause Distinguished Professor, University of California, San Diego

• 1. Introduction; 2. Theory; 3. Global patterns; 4. East Asia patterns; 5. Narrow authoritarian regime: Brunei; Single party authoritarian regime: China; From single party authoritarian regime to democracy: Taiwan; 6. Dominant party authoritarian regime with a weakly dominant ruling party: Malaysia; 7. Dominant party authoritarian regime with a strongly dominant ruling party: Singapore; 8. Conclusions.