Year 2017, Volume 1, Issue 1, Pages 58 - 76 2017-01-31

State Capital in Financial Globalization in Particular China Investment Company (CIC): Sovereign Wealth Funds

Orhan ŞİMŞEK [1]

428 767

The problems that the wave of neoliberal globalization began to face at the end of 1990s brought the debate about the role of the state in the economy back to the agenda, and in the 2000s, state centered development strategies have risen from the emerging world. In these countries, the state began to increase its weight in the national and global economy through various mechanisms. Sovereign Wealth Funds, which came at the forefront of these mechanisms, increased their function as state-owned investment instruments, which the states have used both economically and politically. In this context, one of the best examples is the China Investment Corporation (CIC).

CIC, China, Sovereign Wealth Funds, Globalization
  • Blanchard, Jean-Marc F. 2011. China’s Grand Strategy and Money Muscle: The Potentialities and Pratfalls of China’s Sovereign Wealth Fund and Renminbi Policies. Chinese Journal of International Politics, 4 (1), 31-53. https://doi.org/10.1093/cjip/por002
  • Blanchard, Jean-Marc F. 2014. The China Investment Corporation: Power, Wealth or Something Else? CIJ, 12(3), 155-175.
  • Bremmer, Ian. 2010. The End Of The Free Market. New York: Portfolio.
  • CIC. 2014. Annual Report
  • CIC. 2015. Annual Report
  • Dixon, Adam D., and Ashby H.B. Monk. 2012. Rethinking the sovereign in sovereign wealth funds. Transactions of the Institute of British Geographers, 37 (1), 104-117.
  • Haberly, Daniel. 2011. Strategic sovereign wealth fund investment and the new alliance capitalism: a network mapping investigation. Environment and Planning, 43, 1833-1852.
  • Kaminski, Thomasz. 2017. Sovereign Wealth Fund investments in Europe as an instrument of Chinese energy policy. Energy Policy, 101, 733-739.
  • Koch-Weser, I., Hacke, O., 2013. China investment corporation: recent developments in performance, strategy, and governance. U.S.-China Economic and Security Review Commission.
  • Lenihan, Ashley T. 2014. Sovereign wealth funds and the acquisition of power. New Political Economy, 19 (2). 227-257.
  • Liew, Leong H., He, Liping. 2012. Operating in an inharmonious world: China Investment Corporation, Journal of the Asia Pacific Economy, 17 (2), 253-267.
  • Lim Kean Fan. 2010. On China’s growing geo-economic influence and the evolution of variegated capitalism. Geoforum, 41 (5), 681.
  • McNally, Christopher A. 2013. How emerging forms of capitalism are changing the global economic order. Analysis From The East-West Center, No: 107.
  • Nolan, Peter. 2012. Is China buying the world? U.S.A: Polity Press.
  • Overbeek, Henk. 2012. Sovereign Wealth Funds in the Global Political Economy: The Case of China. In Henk Overbeek and Bastiaan van Apeldoorn (Eds.) Neoliberalism in Crisis. New York: Palgrave Macmillan, 138-160.
  • Piketty, Thomas. 2015. Yirmibirinci Yüzyılda Kapital. Çev. Hande Koçak. İstanbul: Türkiye İş Bankası Kültür Yayınları.
  • Schwartz, Herman. 2012. Political capitalism and the rise of sovereign wealth funds. Globalizations, 9 (4), 517-530.
  • Sun, Xiaolei, Li Jianping, Wang, Yongfeng, Clark, Woodrow. 2014. China’s sovereign wealth funds’ investments in overseas energy: the energy security perspective. Energy Policy, 65, 654-661.
  • Sovereign Investment Lab. 2016. The Sky Did Not Fall. Sovereign Wealth Fund Annual Report.
  • SWF Institute, http://www.swfinstitute.org/
  • Şimşek, Orhan (2016). Çin Küreselleşmesinin Siyasal İktisadı: Devlet Mülkiyetli Şirketler Üzerinden Bir İnceleme. İçinde İsmail Şiriner, Julia Dobreva ve Çiğdem Boz (Eds.) Political Economy of Globalization: Financialization and Crises. Istanbul: IJOPEC Publication, 103-113.
  • Ten Brink, Tobias. 2014. The Challenges of China’s Non-Liberal Capitalism for the Liberal Global Economic Order. Harvard Asia Quarterly, 36-44.
Subjects Management
Published Date 2017
Journal Section Articles
Authors

Author: Orhan ŞİMŞEK
Institution: ARTVİN ÇORUH ÜNİVERSİTESİ
Country: Turkey


Bibtex @research article { fsecon297113, journal = {Fiscaoeconomia}, issn = {}, eissn = {2564-7504}, address = {Ahmet Arif EREN}, year = {2017}, volume = {1}, pages = {58 - 76}, doi = {10.25295/fsecon.297113}, title = {State Capital in Financial Globalization in Particular China Investment Company (CIC): Sovereign Wealth Funds}, key = {cite}, author = {ŞİMŞEK, Orhan} }
APA ŞİMŞEK, O . (2017). State Capital in Financial Globalization in Particular China Investment Company (CIC): Sovereign Wealth Funds. Fiscaoeconomia, 1 (1), 58-76. DOI: 10.25295/fsecon.297113
MLA ŞİMŞEK, O . "State Capital in Financial Globalization in Particular China Investment Company (CIC): Sovereign Wealth Funds". Fiscaoeconomia 1 (2017): 58-76 <http://dergipark.org.tr/fsecon/issue/28258/297113>
Chicago ŞİMŞEK, O . "State Capital in Financial Globalization in Particular China Investment Company (CIC): Sovereign Wealth Funds". Fiscaoeconomia 1 (2017): 58-76
RIS TY - JOUR T1 - State Capital in Financial Globalization in Particular China Investment Company (CIC): Sovereign Wealth Funds AU - Orhan ŞİMŞEK Y1 - 2017 PY - 2017 N1 - doi: 10.25295/fsecon.297113 DO - 10.25295/fsecon.297113 T2 - Fiscaoeconomia JF - Journal JO - JOR SP - 58 EP - 76 VL - 1 IS - 1 SN - -2564-7504 M3 - doi: 10.25295/fsecon.297113 UR - https://doi.org/10.25295/fsecon.297113 Y2 - 2016 ER -
EndNote %0 Fiscaoeconomia State Capital in Financial Globalization in Particular China Investment Company (CIC): Sovereign Wealth Funds %A Orhan ŞİMŞEK %T State Capital in Financial Globalization in Particular China Investment Company (CIC): Sovereign Wealth Funds %D 2017 %J Fiscaoeconomia %P -2564-7504 %V 1 %N 1 %R doi: 10.25295/fsecon.297113 %U 10.25295/fsecon.297113
ISNAD ŞİMŞEK, Orhan . "State Capital in Financial Globalization in Particular China Investment Company (CIC): Sovereign Wealth Funds". Fiscaoeconomia 1 / 1 (January 2017): 58-76. https://doi.org/10.25295/fsecon.297113