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Ilias Alami and Adam D. Dixon, "The Spectre of State Capitalism" (Oxford UP, 2024)

New Books in Critical Theory

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The Competitive Spiral of State Capitalism

This chapter explores the fierce competition among states in the realm of global capitalism, focusing on how this rivalry prompts governments to bolster their domestic firms. It identifies three multiplier effects—competitive emulation, peer group learning, and mutual reinforcement—that shape policy responses, particularly in the green technology sector.

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