Precarious ties business and the state in authoritarian Asia / Meg Rithmire.
| Author/creator | Rithmire, Meg E., 1982- |
| Other author | Oxford University Press. |
| Format | Electronic |
| Publication Info | New York, NY : Oxford University Press, [2023] |
| Description | xix, 368 pages : illustrations ; 25 cm |
| Supplemental Content | Full text available from Oxford Scholarship Online |
| Subjects |
| Contents | The foundations of state-business relations in authoritarian Asia -- The origins of trust and distrust : the making of capitalist classes in Asia, 1945-1970 -- Mutual endangerment in Indonesia : state-business relations with distrust -- Malaysia : mutual alignment and competitive clientelism -- China's capitalists under reform : the life and death of mutual alignment -- Elite disintegration : the moral economy of mutual endangerment in China -- Crisis and reconfiguration : the Chinese Communist Party versus business -- Conclusion : power and moral economy in authoritarian capitalism. |
| Abstract | "Capitalists in most authoritarian regimes have been described as "cronies" of political elites, but why do some crony relationships produce growth, while others produce stagnation or even destructive economic crisis? And if business actors are "co-opted" by authoritarian regimes, like China's entrepreneurs have been said to be, what explains why business and the state turn on one another? Precarious Ties offers a novel account of 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, but state-business relations in Indonesia and China became destructive and dangerous when those countries undertook efforts at financial liberalization. Rithmire characterizes this destructive form of state-business relations as mutual endangerment, in which vulnerable business elites are entwined with political elites in ways that imperil both sides, manifest in asset expatriation, weaponized information, and rampant economic looting. Indonesia and China experienced mutual endangerment because of fundamental distrust between business elites and the state combined with financial opening. In contrast, Malaysia's business elites expected cooperation from the regime, and state-business relations have cycled through mutual alignment and competitive clientelism, but never became destructive. Precarious Ties examines how conflict during regime formation affects political trust and dynamics of financial development in authoritarian regimes. The experiences of these three dynamic countries in authoritarian Asia ultimately reveal the inherent instability of state-business ties"-- Provided by publisher. |
| Bibliography note | Includes bibliographical references and index. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| LCCN | 2023011408 |
| ISBN | 9780197697528 (hardback) |
| ISBN | 9780197697535 (paperback) |
| ISBN | (epub) |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |