Ilias Alami
Biographic Data
| ID | 1433293 |
|---|---|
| NAME | Ilias Alami |
| GIVEN NAMES | Ilias |
| FAMILY NAME | Alami |
| SIGNATURE | ALAMI I |
| AFFILIATIONS | Uppsala University |
| ORCID | 0000-0002-8737-3306 |
| VERIFIED | Yes |
| TOTAL WORKS | 34 |
| TOTAL CITATIONS | 520 |
| AUTHOR COUNT | 34 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2017 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 13 |
Toward an IPE of raced finance
International Political Economy (IPE) as a discipline increasingly acknowledges the significance of racial oppression and inequalities. Yet, these are often seen as separate from, or coinciding with, financial hierarchies and power structures. There is some understanding that race may shape how finance works, but this does not factor into what IPE scholars called the structural power of finance. By contrast, we suggest that hierarchies of race an…
The state of the state
Recent economic, democratic and geopolitical events have raised the question of ‘the state' anew, as problems of territory, sovereignty, protectionism, borders, authoritarianism and surveillance have acquired fresh salience amongst both scholars and wider publics. Members of the Economy & Society Editorial Board convened a seminar at University College London in February 2025 to address these questions and problems, on the guiding assumption that…
Rebuilding the Ladder? Contemporary Contests Over Industrial Policy
Does the greater embrace of industrial policy globally signal the emergence of a New Washington Consensus? We show that the multiplication of industrial policies, while consequential, signals neither normalisation nor consensus. Rather, industrial policy is increasingly the object of contestation over norms and practices of state interventionism. To substantiate our argument, we first analyse two competing attempts to articulate hegemonic visions…
Foreign investment screening: Between empire, capital, and the climate crisis
In dialogue with responses to my article on the ongoing multiplication of foreign investment screening mechanisms, this intervention offers a historical sketch and a conceptual framework tracing the formation of legal regimes of investment control in the dialectics of empire and capital. In a world of climate collapse and realignments in the imperialist hierarchy of global capitalism, rival powers may well increasingly use the law to selectively …
Climate change governance by central banks in an era of interlocking crises
In this article, we survey the literature on central bank action on climate change, focusing particularly on how the combined crises of COVID-19, inflation, and Ukraine have affected this action. We argue that the current situation is a critical juncture in which recent crises have created a highly indeterminate situation regarding what central banks might do regarding climate change. To date, some central banks have used these crises as opportun…
The law, financial subordination and the empire of capital: On Shaina Potts' Judicial Territory
Judicial Territory offers an eye-opening account of the transnational expansion of the judicial reach of domestic American laws and courts. In this essay, I read the book through the prism of three areas of social scientific inquiry. First, I argue that the book makes a major conceptual and methodological contribution to debates on international financial subordination. More precisely, the book shows that the twin operations of money and the law …
The Spectre of State Capitalism
The state is back, and it means business. Since the turn of the twenty-first century, state-owned enterprises, sovereign funds, and policy banks have vastly expanded their control over assets and markets. Concurrently, governments have experimented with increasingly assertive modalities of statism, from techno-industrial policies and spatial development strategies to economic nationalism and trade and investment restrictions. This book argues tha…
Foreign investment screening mechanisms and emergent geographies of (post)globalization
Technologically advanced states and large emerging economies increasingly use foreign investment screening mechanisms (FISM) to block inward foreign investment targeting sectors considered critical. Is the proliferation of FISM auguring an era of deglobalization, a re-assertion of national-state sovereignty over globalized economic ties, and the end of neoliberal orthodoxies of liberalized investment regimes? To answer these questions, the articl…
State property, venture capital and the urbanisation of state capitalism
To sharpen the conversation between urban studies and ‘new state capitalism’, I argue that studies of the state's role as a venture capitalist in the urban process may be developed along four lines: (1) expounding where logics of state-backed venture capitalism fit within shifting repertoires of urban entrepreneurialism; (2) specifying how the injection of state-owned capital in start-ups facilitates processes of both real and financial valorisat…
A partial conversion: How the ‘Unholy Trinity’ of Global Economic Governance Adapts to State Capitalism
To what extent is neoliberal global economic governance transforming in a world where states play greater roles as promoters, supervisors and owners of capital? Do these transformations signal a potential paradigm shift? To answer these questions, we focus on global financial governance and the trade and investment regime. We analyse recent policy documents from the IMF, World Bank and WTO – the ‘Unholy Trinity’ of neoliberal global governance. O…
Racial capitalism, uneven development, and the abstractive powers of race and money
How does the circulation of capital in the form of money and finance mobilize different constructions of "Blackness" across historical-geographical contexts, and how does this produce uneven development? This contribution offers theoretical and methodological provocations to think about this question, drawing on two cases of raced finance: race-based bank lending in the United States, and international investment to sub-Saharan countries. I argue…
The Second Cold War: US-China Competition for Centrality in Infrastructure, Digital, Production, and Finance Networks
Relations between the US and China have deteriorated to their lowest point since their rapprochement in the 1970s. To make sense of contemporary geopolitics, our objective in this article is two-fold. First, we historically situate contemporary US-China rivalry to conceptualise the Second Cold War (SCW). We argue that in the wake of the 2008 financial crisis, both the US and China launched ‘restorative’ political projects that harked back to imag…
The ‘wicked trinity’ of late capitalism: Governing in an era of stagnation, surplus humanity, and environmental breakdown
Scholars within the fields of political ecology, environmental political theory, and international political economy tend to evaluate the prospects of state-led environmental transitions in general terms – enquiring as to the capitalist state’s inherent properties and their environmental implications. Less attention has been paid to how the state’s green capacities are conditioned by contemporary evolutions in the form and pace of capital accumul…
Making space for the new state capitalism, part I: Working with a troublesome category
The theme issue 'Making Space for the New State Capitalism' brings together insights from critical economic geography and heterodox political economy through a series of papers to be published in three installments, each accompanied by an introductory essay written by the guest editors. In this, the first of these introductory commentaries, we highlight some of the potentially productive ambiguities that accompany the new state capitalism rubric.…
Uneven and combined state capitalism
This article contributes to the development of state capitalism as a reflexively critical project focusing on the morphology of present-day capitalism, and particularly on the changing role of the state. We bring analytical clarity to state capitalism studies by offering a rigorous definition of its object of investigation, and by demonstrating how the category state capitalism can be productively construed as a means of problematising the curren…
Ten theses on the new state capitalism and its futures
Global capitalism is currently experiencing a turbulent and polymorphous (geo)political reordering, encompassing multiple transformations in the landscapes of state intervention, and a drastic reconfiguration of the state's role as promoter, supervisor and owner of capital across the world economy. Can the concept of state capitalism aid us in grasping these transformations conceptually? My answer is yes, with the proviso that state capitalism is…
Making space for the new state capitalism, part II: Relationality, spatiotemporality and uneven development
The theme issue 'Making Space for the New State Capitalism' brings together insights from critical economic geography and heterodox political economy through a series of papers published in three installments, each accompanied by an introductory essay written by the guest editors. In this, the second of these introductory commentaries, we explore the consequences of embracing relationality, spatiotemporality and uneven development, together with …
Making space for the new state capitalism, part III: Thinking conjuncturally
The theme issue "Making Space for the New State Capitalism" brings together insights from critical economic geography and heterodox political economy through a series papers published in three installments, each accompanied with an introductory essay written by the guest editors. In this, the third of these introductory commentaries, we explore the challenges and opportunities associated with thinking conjuncturally, followed by a final collectio…
International financial subordination: A critical research agenda
Despite a varied picture in terms of their relative economic strength, Developing and Emerging Economies (DEEs) remain in a subordinate position in the global monetary and financial system. While the IPE and economics literatures provide rich insights about the significance of this phenomenon, research efforts remain fragmented. To address this problem, we offer an umbrella concept—international financial subordination (IFS)—to channel research e…
The color of money at the financial frontier
This article takes up recent calls to further problematize race in international political economy by focusing on money at the frontier of global finance. We draw upon the Black radical tradition’s theoretical formulations of racial capitalism, which we bring into dialogue with conceptualizations of money and finance as developed within the critique of political economy. Money is the most supreme and abstract incarnation of wealth and class power…
Special issue introduction: What Is the New State Capitalism
This article introduces and lays the groundwork for this Contemporary Politics special issue on the 'new' state capitalism. We start by noting that the rubric state capitalism tends to elicit paradoxical responses, from uncritically embracing the term and overstretching its realms of application, to rejecting its validity altogether. We argue that the source of such ambivalence resides in issues of conceptual definition, which have led to a numbe…
Goodbye Washington Confusion, hello Wall Street Consensus: Contemporary State Capitalism and the Spatialisation of Industrial Strategy
Recent scholarship has narrated the financialization of development, which Gabor (2021) refers to as the Wall Street Consensus (WSC), whose purpose is to facilitate the investment of global capital in Southern infrastructure by institutionalising the distribution of risk, reward and responsibility between investors and states. Gabor's conceptualization of the 'de-risking state' subordinated to global finance capital stands in stark contrast with …
Geopolitics and the 'New' State Capitalism
We may be witnessing the emergence of a new ‘state capitalist’ normal, a term this Forum proposes to problematise in its geopolitical dimensions. The growing prevalence of state-sponsored entities (encompassing state enterprises, policy banks, and sovereign wealth funds) as leading vehicles of economic activity is a defining feature of our times. This reassertion of state authority is altering configurations of state and corporate power across th…
Expropriation of Capitalist by State Capitalist: Organizational Change and the Centralization of Capital as State Property
State enterprises, sovereign funds, and other state–capital hybrids have become major engines of global capitalism. How can we explain their global rise and organizational transformation into increasingly sophisticated and globally competitive forms? Why do they increasingly emulate the practices and organizational goals of comparable private-sector entities, adopt the techniques of modern finance, resort to mixed ownership, and extend their oper…
State Capitalism and the New Global D/development Regime
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…
Goodbye Washington Confusion, hello Wall Street Consensus: Contemporary State Capitalism and the Spatialisation of Industrial Strategy
Recent scholarship has narrated the financialization of development, which Gabor (2021) refers to as the Wall Street Consensus (WSC), whose purpose is to facilitate the investment of global capital in Southern infrastructure by institutionalising the distribution of risk, reward and responsibility between investors and states. Gabor's conceptualization of the 'de-risking state' subordinated to global finance capital stands in stark contrast with …
International financial subordination: A critical research agenda
Despite a varied picture in terms of their relative economic strength, Developing and Emerging Economies (DEEs) remain in a subordinate position in the global monetary and financial system. While the IPE and economics literatures provide rich insights about the significance of this phenomenon, research efforts remain fragmented. To address this problem, we offer an umbrella concept—international financial subordination (IFS)—to channel research e…
State Capitalism and the New Global D/development Regime
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…
The Second Cold War: US-China Competition for Centrality in Infrastructure, Digital, Production, and Finance Networks
Relations between the US and China have deteriorated to their lowest point since their rapprochement in the 1970s. To make sense of contemporary geopolitics, our objective in this article is two-fold. First, we historically situate contemporary US-China rivalry to conceptualise the Second Cold War (SCW). We argue that in the wake of the 2008 financial crisis, both the US and China launched ‘restorative’ political projects that harked back to imag…
Uneven and combined state capitalism
This article contributes to the development of state capitalism as a reflexively critical project focusing on the morphology of present-day capitalism, and particularly on the changing role of the state. We bring analytical clarity to state capitalism studies by offering a rigorous definition of its object of investigation, and by demonstrating how the category state capitalism can be productively construed as a means of problematising the curren…
Special issue introduction: What Is the New State Capitalism
This article introduces and lays the groundwork for this Contemporary Politics special issue on the 'new' state capitalism. We start by noting that the rubric state capitalism tends to elicit paradoxical responses, from uncritically embracing the term and overstretching its realms of application, to rejecting its validity altogether. We argue that the source of such ambivalence resides in issues of conceptual definition, which have led to a numbe…
The strange geographies of the 'new' state capitalism
The recent polymorphism of state intervention and attendant political geographies have been interpreted as a return of state capitalism. While commentators across the social sciences have offered competing characterizations of the new state capitalism, little attention has been dedicated to how narratives and geographical imaginaries of the new state capitalism operate as a form of geopolitical knowledge and practice. Drawing upon critical geopol…
Geopolitics and the 'New' State Capitalism
We may be witnessing the emergence of a new ‘state capitalist’ normal, a term this Forum proposes to problematise in its geopolitical dimensions. The growing prevalence of state-sponsored entities (encompassing state enterprises, policy banks, and sovereign wealth funds) as leading vehicles of economic activity is a defining feature of our times. This reassertion of state authority is altering configurations of state and corporate power across th…
The color of money at the financial frontier
This article takes up recent calls to further problematize race in international political economy by focusing on money at the frontier of global finance. We draw upon the Black radical tradition’s theoretical formulations of racial capitalism, which we bring into dialogue with conceptualizations of money and finance as developed within the critique of political economy. Money is the most supreme and abstract incarnation of wealth and class power…
The ‘wicked trinity’ of late capitalism: Governing in an era of stagnation, surplus humanity, and environmental breakdown
Scholars within the fields of political ecology, environmental political theory, and international political economy tend to evaluate the prospects of state-led environmental transitions in general terms – enquiring as to the capitalist state’s inherent properties and their environmental implications. Less attention has been paid to how the state’s green capacities are conditioned by contemporary evolutions in the form and pace of capital accumul…
On the terrorism of money and national policy-making in emerging capitalist economies
Making space for the new state capitalism, part II: Relationality, spatiotemporality and uneven development
The theme issue 'Making Space for the New State Capitalism' brings together insights from critical economic geography and heterodox political economy through a series of papers published in three installments, each accompanied by an introductory essay written by the guest editors. In this, the second of these introductory commentaries, we explore the consequences of embracing relationality, spatiotemporality and uneven development, together with …
Making space for the new state capitalism, part I: Working with a troublesome category
The theme issue 'Making Space for the New State Capitalism' brings together insights from critical economic geography and heterodox political economy through a series of papers to be published in three installments, each accompanied by an introductory essay written by the guest editors. In this, the first of these introductory commentaries, we highlight some of the potentially productive ambiguities that accompany the new state capitalism rubric.…
Money power of Capital and Production of ‘New State Spaces’: A View from the Global South
An array of innovative financial and monetary institutional and policy initiatives recently emerged across the Global South at various spatial scales: (1) the deployment of national ‘self-insurance’ strategies such as large foreign reserve accumulation, different forms of capital controls, and currency market interventions; (2) the multiplication of bilateral, sub-regional, and regional financial and monetary mechanisms, including currency swaps …
Expropriation of Capitalist by State Capitalist: Organizational Change and the Centralization of Capital as State Property
State enterprises, sovereign funds, and other state–capital hybrids have become major engines of global capitalism. How can we explain their global rise and organizational transformation into increasingly sophisticated and globally competitive forms? Why do they increasingly emulate the practices and organizational goals of comparable private-sector entities, adopt the techniques of modern finance, resort to mixed ownership, and extend their oper…
State Theory in the Age of State Capitalism 3.0
Foreign investment screening mechanisms and emergent geographies of (post)globalization
Technologically advanced states and large emerging economies increasingly use foreign investment screening mechanisms (FISM) to block inward foreign investment targeting sectors considered critical. Is the proliferation of FISM auguring an era of deglobalization, a re-assertion of national-state sovereignty over globalized economic ties, and the end of neoliberal orthodoxies of liberalized investment regimes? To answer these questions, the articl…
Racial capitalism, uneven development, and the abstractive powers of race and money
How does the circulation of capital in the form of money and finance mobilize different constructions of "Blackness" across historical-geographical contexts, and how does this produce uneven development? This contribution offers theoretical and methodological provocations to think about this question, drawing on two cases of raced finance: race-based bank lending in the United States, and international investment to sub-Saharan countries. I argue…
Making space for the new state capitalism, part III: Thinking conjuncturally
The theme issue "Making Space for the New State Capitalism" brings together insights from critical economic geography and heterodox political economy through a series papers published in three installments, each accompanied with an introductory essay written by the guest editors. In this, the third of these introductory commentaries, we explore the challenges and opportunities associated with thinking conjuncturally, followed by a final collectio…
Taming Foreign Exchange Derivatives Markets? Speculative Finance and Class Relations in Brazil
This article provides a critical interrogation of the Brazilian tax on foreign exchange derivatives deployed between 2011 and 2013. It analyses the drivers of the policy-making process that led to implementation of the measure, locates it within the broader policy response regarding the management of cross-border capital flows and speculative finance, and assesses its political economy significance in light of class dynamics. The author makes thr…
A partial conversion: How the ‘Unholy Trinity’ of Global Economic Governance Adapts to State Capitalism
To what extent is neoliberal global economic governance transforming in a world where states play greater roles as promoters, supervisors and owners of capital? Do these transformations signal a potential paradigm shift? To answer these questions, we focus on global financial governance and the trade and investment regime. We analyse recent policy documents from the IMF, World Bank and WTO – the ‘Unholy Trinity’ of neoliberal global governance. O…
Ten theses on the new state capitalism and its futures
Global capitalism is currently experiencing a turbulent and polymorphous (geo)political reordering, encompassing multiple transformations in the landscapes of state intervention, and a drastic reconfiguration of the state's role as promoter, supervisor and owner of capital across the world economy. Can the concept of state capitalism aid us in grasping these transformations conceptually? My answer is yes, with the proviso that state capitalism is…
Capital accumulation and capital controls in South Africa: A class perspective
The article analyses capital controls (CC) in South Africa in light of the historically and geographically specific social relations of production. It highlights the role that CC have historically played in reproducing particular forms of capital accumulation, and sheds light on the CC currently implemented by the state. The analysis draws upon quantitative data from the national accounts, descriptive data on CC from policy documents, and intervi…
Climate change governance by central banks in an era of interlocking crises
In this article, we survey the literature on central bank action on climate change, focusing particularly on how the combined crises of COVID-19, inflation, and Ukraine have affected this action. We argue that the current situation is a critical juncture in which recent crises have created a highly indeterminate situation regarding what central banks might do regarding climate change. To date, some central banks have used these crises as opportun…
The law, financial subordination and the empire of capital: On Shaina Potts' Judicial Territory
Judicial Territory offers an eye-opening account of the transnational expansion of the judicial reach of domestic American laws and courts. In this essay, I read the book through the prism of three areas of social scientific inquiry. First, I argue that the book makes a major conceptual and methodological contribution to debates on international financial subordination. More precisely, the book shows that the twin operations of money and the law …
Money power of Capital and Production of ‘New State Spaces’: A View from the Global South
An array of innovative financial and monetary institutional and policy initiatives recently emerged across the Global South at various spatial scales: (1) the deployment of national ‘self-insurance’ strategies such as large foreign reserve accumulation, different forms of capital controls, and currency market interventions; (2) the multiplication of bilateral, sub-regional, and regional financial and monetary mechanisms, including currency swaps …
Capital accumulation and capital controls in South Africa: A class perspective
The article analyses capital controls (CC) in South Africa in light of the historically and geographically specific social relations of production. It highlights the role that CC have historically played in reproducing particular forms of capital accumulation, and sheds light on the CC currently implemented by the state. The analysis draws upon quantitative data from the national accounts, descriptive data on CC from policy documents, and intervi…
On the terrorism of money and national policy-making in emerging capitalist economies
Marx's critique of political economy in economic geography
Taming Foreign Exchange Derivatives Markets? Speculative Finance and Class Relations in Brazil
This article provides a critical interrogation of the Brazilian tax on foreign exchange derivatives deployed between 2011 and 2013. It analyses the drivers of the policy-making process that led to implementation of the measure, locates it within the broader policy response regarding the management of cross-border capital flows and speculative finance, and assesses its political economy significance in light of class dynamics. The author makes thr…
State capitalism(s) redux? Theories, tensions, controversies
This article interrogates the notion of state capitalism, exploring the contributions and limits of the concept as a means of theorizing the more visible role of the state across the world capitalist economy. We critically synthesize the key arguments, outlining commonly cited properties and practices of state capitalism, in three bodies of literature: strategic management, comparative capitalism and global political economy. We find that the ter…
The strange geographies of the 'new' state capitalism
The recent polymorphism of state intervention and attendant political geographies have been interpreted as a return of state capitalism. While commentators across the social sciences have offered competing characterizations of the new state capitalism, little attention has been dedicated to how narratives and geographical imaginaries of the new state capitalism operate as a form of geopolitical knowledge and practice. Drawing upon critical geopol…
State Capitalism and the New Global D/development Regime
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 Theory in the Age of State Capitalism 3.0
Geofinance between Political and Financial Geographies: A Focus on the Semi-Periphery of the Global Financial System
The wager of this engaging book is that the semi-periphery of the global financial system is a privileged epistemological standpoint for generating fresh perspectives on the entanglement of (geo)po
International financial subordination: A critical research agenda
Despite a varied picture in terms of their relative economic strength, Developing and Emerging Economies (DEEs) remain in a subordinate position in the global monetary and financial system. While the IPE and economics literatures provide rich insights about the significance of this phenomenon, research efforts remain fragmented. To address this problem, we offer an umbrella concept—international financial subordination (IFS)—to channel research e…
The color of money at the financial frontier
This article takes up recent calls to further problematize race in international political economy by focusing on money at the frontier of global finance. We draw upon the Black radical tradition’s theoretical formulations of racial capitalism, which we bring into dialogue with conceptualizations of money and finance as developed within the critique of political economy. Money is the most supreme and abstract incarnation of wealth and class power…
Special issue introduction: What Is the New State Capitalism
This article introduces and lays the groundwork for this Contemporary Politics special issue on the 'new' state capitalism. We start by noting that the rubric state capitalism tends to elicit paradoxical responses, from uncritically embracing the term and overstretching its realms of application, to rejecting its validity altogether. We argue that the source of such ambivalence resides in issues of conceptual definition, which have led to a numbe…
Goodbye Washington Confusion, hello Wall Street Consensus: Contemporary State Capitalism and the Spatialisation of Industrial Strategy
Recent scholarship has narrated the financialization of development, which Gabor (2021) refers to as the Wall Street Consensus (WSC), whose purpose is to facilitate the investment of global capital in Southern infrastructure by institutionalising the distribution of risk, reward and responsibility between investors and states. Gabor's conceptualization of the 'de-risking state' subordinated to global finance capital stands in stark contrast with …
Geopolitics and the 'New' State Capitalism
We may be witnessing the emergence of a new ‘state capitalist’ normal, a term this Forum proposes to problematise in its geopolitical dimensions. The growing prevalence of state-sponsored entities (encompassing state enterprises, policy banks, and sovereign wealth funds) as leading vehicles of economic activity is a defining feature of our times. This reassertion of state authority is altering configurations of state and corporate power across th…
Expropriation of Capitalist by State Capitalist: Organizational Change and the Centralization of Capital as State Property
State enterprises, sovereign funds, and other state–capital hybrids have become major engines of global capitalism. How can we explain their global rise and organizational transformation into increasingly sophisticated and globally competitive forms? Why do they increasingly emulate the practices and organizational goals of comparable private-sector entities, adopt the techniques of modern finance, resort to mixed ownership, and extend their oper…
The ‘wicked trinity’ of late capitalism: Governing in an era of stagnation, surplus humanity, and environmental breakdown
Scholars within the fields of political ecology, environmental political theory, and international political economy tend to evaluate the prospects of state-led environmental transitions in general terms – enquiring as to the capitalist state’s inherent properties and their environmental implications. Less attention has been paid to how the state’s green capacities are conditioned by contemporary evolutions in the form and pace of capital accumul…
Making space for the new state capitalism, part I: Working with a troublesome category
The theme issue 'Making Space for the New State Capitalism' brings together insights from critical economic geography and heterodox political economy through a series of papers to be published in three installments, each accompanied by an introductory essay written by the guest editors. In this, the first of these introductory commentaries, we highlight some of the potentially productive ambiguities that accompany the new state capitalism rubric.…
Uneven and combined state capitalism
This article contributes to the development of state capitalism as a reflexively critical project focusing on the morphology of present-day capitalism, and particularly on the changing role of the state. We bring analytical clarity to state capitalism studies by offering a rigorous definition of its object of investigation, and by demonstrating how the category state capitalism can be productively construed as a means of problematising the curren…
Ten theses on the new state capitalism and its futures
Global capitalism is currently experiencing a turbulent and polymorphous (geo)political reordering, encompassing multiple transformations in the landscapes of state intervention, and a drastic reconfiguration of the state's role as promoter, supervisor and owner of capital across the world economy. Can the concept of state capitalism aid us in grasping these transformations conceptually? My answer is yes, with the proviso that state capitalism is…
Making space for the new state capitalism, part II: Relationality, spatiotemporality and uneven development
The theme issue 'Making Space for the New State Capitalism' brings together insights from critical economic geography and heterodox political economy through a series of papers published in three installments, each accompanied by an introductory essay written by the guest editors. In this, the second of these introductory commentaries, we explore the consequences of embracing relationality, spatiotemporality and uneven development, together with …
Making space for the new state capitalism, part III: Thinking conjuncturally
The theme issue "Making Space for the New State Capitalism" brings together insights from critical economic geography and heterodox political economy through a series papers published in three installments, each accompanied with an introductory essay written by the guest editors. In this, the third of these introductory commentaries, we explore the challenges and opportunities associated with thinking conjuncturally, followed by a final collectio…
The Spectre of State Capitalism
The state is back, and it means business. Since the turn of the twenty-first century, state-owned enterprises, sovereign funds, and policy banks have vastly expanded their control over assets and markets. Concurrently, governments have experimented with increasingly assertive modalities of statism, from techno-industrial policies and spatial development strategies to economic nationalism and trade and investment restrictions. This book argues tha…
Foreign investment screening mechanisms and emergent geographies of (post)globalization
Technologically advanced states and large emerging economies increasingly use foreign investment screening mechanisms (FISM) to block inward foreign investment targeting sectors considered critical. Is the proliferation of FISM auguring an era of deglobalization, a re-assertion of national-state sovereignty over globalized economic ties, and the end of neoliberal orthodoxies of liberalized investment regimes? To answer these questions, the articl…
State property, venture capital and the urbanisation of state capitalism
To sharpen the conversation between urban studies and ‘new state capitalism’, I argue that studies of the state's role as a venture capitalist in the urban process may be developed along four lines: (1) expounding where logics of state-backed venture capitalism fit within shifting repertoires of urban entrepreneurialism; (2) specifying how the injection of state-owned capital in start-ups facilitates processes of both real and financial valorisat…
Economics (29 works) · Political science (28 works) · Law (23 works) · Politics (23 works) · State Capitalism and Financial Governance (20 works) · Capitalism (18 works) · Economic system (16 works) · Housing, Finance, and Neoliberalism (15 works) · Sociology (15 works) · Political economy (14 works)