After 1945, the liberal-democratic model of capitalism spread across the globe, ultimately prevailing over communism. Over the past two decades, a new statist-authoritarian model has begun diffusing across Asia. Rather than rejecting capitalism, authoritarian leaders harness it to uphold their rule. Based on extensive research of East Asia's largest corporations and sovereign wealth funds, this book argues that the most aggressive version of this model does not belong to China. Rather, it can be found in Malaysia and Singapore. Although these countries are small, the implications are profound because one-third of all countries in the world possess the same type of regime. With an increasing number of these authoritarian regimes establishing sovereign wealth funds, their ability to intervene in the corporate sectors of other countries is rapidly expanding.
The European Union Chamber of Commerce in China is delighted to welcome Professor Richard W. Carney to introduce his highly celebrated book “Authoritarian Capitalism: Sovereign Wealth Funds and State-Owned Enterprises”. Mr Carney will share his insightful observation of the Authoritarian Capitalism which can greatly help companies’ to understand the logic behind business and public policies in East Asia and beyond.
Agenda
15:00 - 15:30 Registration and networking
15:30 - 15:40 Opening remarks by Dr Ioana Kraft, General Manager, Shanghai Chapter, European Union Chamber of
Commerce in China
15:40 – 16:15 “Authoritarian Capitalism: Sovereign Wealth Funds and State-Owned Enterprises” by Richard W.
Carney, Assistant Professor of Strategy, CEIBS
16:15 – 16:40 Q&A Session
16:40 – 16:50 Closing Remarks Dr Ioana Kraft, General Manager, Shanghai Chapter, European Union Chamber of
Commerce in China
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