The strategic logics of state investment funds in Asia: (Record no. 42378)

MARC details
000 -LEADER
fixed length control field 02166cam a2200193 4500
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name DIXON Adam D.
245 ## - TITLE STATEMENT
Title The strategic logics of state investment funds in Asia:
Remainder of title beyond financialisation/
Statement of responsibility, etc. Adam D. Dixon
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2022
520 ## - SUMMARY, ETC.
Summary, etc. Financialisation presents a constraint on state power. It also offers opportunities. State-led development, with the Asian experience at the forefront, is increasingly operationalised through different forms of state investment funds. Some of these funds have a strategic development mandate underwritten by a shareholder-value logic. While financialisation as a concept gives meaning to the embrace of the shareholder value model to explain the convergence of sovereign funds with operational practices and guiding norms of conventional financial market actors, it is insufficient in explaining how and why state investment funds differ from conventional financial actors and the underlying political dynamics that drive their emergence and evolution. To address this gap, this article advances three strategic logics: a developmental logic, a logic of regime maintenance, and a geo-political legitimacy logic. Reference to these logics provides a more nuanced understanding of state financialisation, avoiding a potentially narrow reading presented by the convergence dynamics inherent in the adoption of conventional financial practices. As such, this article contributes to emerging debates in political economy on the employment of financial logics in the pursuit of economic and political statecraft. The argument is developed empirically through an analysis of strategic investment funds in Singapore, Malaysia and Kazakhstan.
598 ## - BULLETIN HEADING
Bulletin Heading ASIAPAC, SING, MALAYSIA, ASIA, ASIAN
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element FINANCIALISATION
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Topical term or geographic name entry element STATE FINANCIALISATION
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element SHAREHOLDER VALUE
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element SOVEREIGN WEALTH FUNDS
General subdivision STRATEGIC INVESTMENT FUNDS
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Topical term or geographic name entry element STATE-LED DEVELOPMENT
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Main entry heading Journal of Contemporary Asia:
Related parts Vol.52, No. 1, March 2022, pp.127-151 (107)
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Uniform Resource Identifier <a href="https://www.tandfonline.com/doi/full/10.1080/00472336.2020.1841267">https://www.tandfonline.com/doi/full/10.1080/00472336.2020.1841267</a>
Public note Click here for full text
945 ## - LOCAL PROCESSING INFORMATION (OCLC)
i 69299.1001
r Y
s Y
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
          Mindef Library & Info Centre Mindef Library & Info Centre Journals 28/02/2023   ASIA PACIFIC 69299.1001 03/01/2024 1 03/01/2024 Journal Article