Precarious Ties
Oxford University Press Inc (Verlag)
978-0-19-769753-5 (ISBN)
In Precarious Ties, Meg Rithmire offers a novel account of the relationships between business and political elites in three authoritarian regimes in developing Asia: Indonesia under Suharto's New Order, Malaysia under the Barisan Nasional, and China under the Chinese Communist Party. All three regimes enjoyed periods of high growth and supposed alliances between autocrats and capitalists. Over time, however, the relationships between capitalists and political elites changed, and economic outcomes diverged. While state-business ties in Indonesia and China created dangerous dynamics like capital flight, fraud, and financial crisis, Malaysia's state-business ties contributed to economic stagnation.
To understand these developments, Rithmire presents two conceptual models of state-business relations that explain their genesis and why variation occurs over time. She shows that mutual alignment occurs when an authoritarian regime organizes its institutions, or even its informal practices, to induce capitalists to invest in growth and development. Mutual endangerment, on the other hand, obtains when economic and political elites are entangled in corrupt dealings and invested in perpetuating each other's dominance. The loss of power on one side would bring about the demise of the other. Rithmire contends that the main factors explaining why one pattern dominates over the other are trust between business and political elites, determined during regime formation, and the dynamics of financial liberalization. Empirically rich and sweeping in scope, Precarious Ties offers lessons for all nations in which the state and the private sector are deeply entwined.
Meg Rithmire is the F. Warren McFarlan Associate Professor in Business, Government, and International Economy at Harvard Business School. She is the author of Land Bargains and Chinese Capitalism: The Politics of Property Rights under Reform. Her work on state-business relations, finance in Asia, and China's internationalization has been published in World Politics, Comparative Politics, and International Security, among other journals.
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Glossary
Acknowledgements
Chapter One: The Foundations of State-Business Relations in Authoritarian Asia
Chapter Two: The Origins of Trust and Distrust: The Making of Capitalist Classes in Asia, 1945-1970
Chapter Three: Mutual Endangerment in Indonesia: State-Business Relations with Distrust
Chapter Four: Malaysia: Mutual Alignment and Competitive Clientelism
Chapter Five: China's Capitalists under Reform: The Life and Death of Mutual Alignment
Chapter Six: Elite Disintegration: The Moral Economy of Mutual Endangerment in China
Chapter Seven: Crisis and Reconfiguration: The Chinese Communist Party versus Business
Chapter Eight: Conclusion: Power and Moral Economy in Authoritarian Capitalism
Appendices
Bibliography
Index
| Erscheinungsdatum | 04.09.2023 |
|---|---|
| Verlagsort | New York |
| Sprache | englisch |
| Maße | 156 x 235 mm |
| Gewicht | 567 g |
| Themenwelt | Sozialwissenschaften ► Politik / Verwaltung ► Europäische / Internationale Politik |
| Sozialwissenschaften ► Politik / Verwaltung ► Vergleichende Politikwissenschaften | |
| Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik | |
| ISBN-10 | 0-19-769753-4 / 0197697534 |
| ISBN-13 | 978-0-19-769753-5 / 9780197697535 |
| Zustand | Neuware |
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