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State Capitalism and the New Global D/development Regime
Open accessAbstract
Official discourses of Development are being redefined. If the key geopolitical contexts shaping the post-war Development project were decolonisation and the Cold War, the defining world-historical transformations shaping the emerging vision of Development are the expansion of state capitalism and the rise of China. The IMF, the World Bank, the OECD, the G20, other multilaterals, and bilateral partners are increasingly taking stock of the rise of state capitalism, and acting as ideational vectors of this emerging regime. However, this new "state capitalist normal" is also portrayed as carrying risks. There is anxiety regarding the direction the political form of global capital accumulation is heading: with the unchecked proliferation of state capitalism possibly blunting competition, politicising economic relations, and intensifying geoeconomic tensions. This anxiety underwrites the current re-articulation of Development, one which embraces the state as promoter, supervisor, and owner of capital; even as it critiques China's use of similar instruments.
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“In the wake of the economic crisis in 2008, a consensus was forged between new Keynesians and neoliberal hardliners surrounding the merits of state-coordinated infrastructure-led development (Alami, Dixon, and Mawdsley 2021;Schindler and Kanai 2021;Schindler, Alami, and Jepson 2023).”
From The Second Cold War: US-China Competition for Centrality in Infrastructure, Digital, Production, and Finance Networks (2024) · cites this paper as Alami, Dixon, and Mawdsley 2021
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Cited by
Sorted by citations
Schindler, S., Alami, I., DiCarlo, J., Jepson, N., Rolf, S., Bayırbağ, M. K., Cyuzuzo, L., DeBoom, M., Farahani, A. F., Liu, I. T., et al. (2024) · Geopolitics · doi:10.1080/14650045.2023.2253432 · Cited by 252
“In the wake of the economic crisis in 2008, a consensus was forged between new Keynesians and neoliberal hardliners surrounding the merits of state-coordinated infrastructure-led development (Alami, Dixon, and Mawdsley 2021; Schindler and Kanai 2021; Schindler, Alami, and Jepson 2023).”
BackgroundSelf-citation
Metadata
- Authors
- Alami, I., Dixon, A. D., & Mawdsley, E.
- Affiliations
- Maastricht University (NL)
- University of Cambridge (GB)
- Corresponding author
- Alami, Ilias
- Venue
- Antipode
- Publisher
- Wiley
- Published
- 2021-04-07
- Volume
- 53
- Issue
- 5
- Pages
- 1294-1318
- ISSN
- 0066-4812 (ISSN-L)
- 1467-8330
- PMC
- PMC8453705
- OpenAlex
- W3143500542
- Cited by
- 195
- References
- 0
- Citations by year
- 2026: 28 · 2025: 56 · 2024: 40 · 2023: 36 · 2022: 22 · 2021: 13
- FWCI
- 38.46
- Type
- journal article
- Language
- en
- Open access
- hybrid
- doi.org
- Licence
- Locations
- Antipode (publishedVersion, cc-by-nc)
- Europe PMC (PubMed Central) (publishedVersion, other-oa)
- PubMed Central (publishedVersion, cc-by-nc)
- PubMed (publishedVersion)
- Research Publications (Maastricht University) (submittedVersion, cc-by-nc)
- Apollo (University of Cambridge) (submittedVersion, cc-by-nc)
- Research Publications (Maastricht University) (submittedVersion, other-oa)
- Apollo
- Funders
- H2020 European Research Council (758430)
- Topics
- Social Sciences › Sociology and Political Science › Political Economy and Marxism
- Social Sciences › Political Science and International Relations › Globalization and political ideologies
- Social Sciences › Political Science and International Relations › World Systems and Global Transformations
- Keywords
- state capitalism, development regimes, international development, China's rise, global capital accumulation, multilateral development agencies, decolonization, Cold War, geopolitics of development, political economy of development
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