Description: China's overseas financing is a distinct form of patient capital that marshals the country's vast domestic resources to create commercial opportunities internationally. Its long-term risk tolerance and lack of policy conditionality has allowed developing economies to sidestep the fiscal austerity tendencies of Western markets and multilaterals. Employing statistical tests and extensive field research across China and Latin America, Stephen Kaplan finds that China's patient capital endows national governments with more room to maneuver in formulating domestic policies. The author goes on to evaluate the potential costs of Chinese financing, raising the question of how Chinese lenders will react to developing nation's ongoing struggles with debt and dependency. By disaggregating the structure of international finance, Globalizing Patient Capital has significant implications for the rise of China in Latin America, offering new insights about globalization and showing the costs and benefits of state versus market approaches to development.
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EAN: 9781316632048
UPC: 9781316632048
ISBN: 9781316632048
MPN: N/A
Book Title: Globalizing Patient Capital: The Political Economy
Item Height: 2.1 cm
Item Length: 22.9 cm
Item Weight: 0.55 kg
Item Width: 15.2 cm
Publication Name: Globalizing Patient Capital: the Political Economy of Chinese Finance in the Americas
Format: Paperback
Language: English
Publisher: Cambridge University Press
Subject: Economics
Publication Year: 2021
Type: Textbook
Author: Stephen B. Kaplan
Number of Pages: 300 Pages
