Left in the cold: Foreign bidders find themselves out of favour
Rich countries are increasingly prepared to forbid overseas investors from buying into assets deemed to be strategic – a category that is expanding
State Capitalism
Resources
Is the era of free markets fading away? We explore the notion of rising state capitalism and its implications for business and democracy
A new force in global finance
Across Asia, Russia and the Middle East, governments are using their rising economic power in new ways.
Sovereign wealth funds from the Gulf, Asia and elsewhere are buying stakes in ailing Wall Street investment banks; natural resources are falling under the control of the state; and in Russia and China there is an emphasis on economic nationalism.
To some, these developments are a sign that the era of free markets, privatisation and deregulation unleashed in the 1980s is giving way to a world in which governments use their economic strength to buy strategic assets or exert global influence.
Here we explore the forces behind the rise of ‘state capitalism’ – and how it might change the world economy
Philip Stephens: Clever conceits cannot hide the world’s jagged edges
You can always find some analogy or other from the past that can be said to illuminate the here and now. Yet upheavals in the global system since 1989 – the most profound for at least a century – are not susceptible to neatness, writes Philip Stephens
Comment: The fall of a financial model
Governments have to deal with less democratic economies that use market mechanisms for political ends, say Jean-Louis Beffa and Xavier Ragot
Comment: State capitalism’s unsettling zeitgeist
Governments backed by huge reserves have found they have enormous clout in global markets. That is especially true in downturns, writes Jeffrey Garten
Analysis: The illiberal capitalism
The belief that reform of communist economies would inevitably produce freedom has been shaken as Moscow and Beijing pursue alternatives to the western model
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Heavy financial regulation has created danger
A fundamental question begs to be asked, writes Paul Amery. What is the point of all these organisations and their rulebooks?
State media meddling is bad for all
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Risk, like regulation, is fact of life in a democracy
All parties should promise to reduce new legislation and concentrate on making existing legislation work, writes Christopher Haskins
