The Rise of State Capital

Transforming Markets and International Politics

Milan Babić

“Babić muscles aside the sterile and incorrect dichotomy between state and market and its related debate about the return of state capitalism in favour of a detailed empirical analysis of something new: the expansion of transnational state capital through foreign direct and portfolio investment.” – Herman Mark Schwartz, University of Virginia

“This is illuminating and essential reading at a critical turn in world politics when geoeconomics is returning to centre stage.”

– Naná de Graaff, Vrije Universiteit Amsterdam

“This perceptive analysis of state responses to new opportunity structures of global markets presents both the big picture and the fine-grained, case-based data to support the theory.”

– Geoffrey Underhill, University of Amsterdam

Milan Babić is Assistant Professor in Global Political Economy at Roskilde University.

Sovereign Wealth Funds Between the State

and Markets

Adam D. Dixon, Patrick J. Schema, Javier Capape

“A concise, thorough and informative volume that carefully explores the many issues that these governmental institutions still raise. The combination of historical context and analytical content is highly accessible. A must-read.” – Edwin M. Truman, Senior Fellow, Harvard Kennedy School

“An outstanding book. It is beautifully written, empirically rich and with an interesting political economy perspective on the role of the state and these intriguing institutional investors that wield so much power.” – Ruth V. Aguilera, Northeastern University

PB £19.99 978-1-78821-248-9

HB £60.00 978-1-78821-247-2

152 pages | 2022

Finance Matters

“For anyone looking to educate themselves on sovereign wealth funds, this book is hard to beat.” – Andrew Rozanov

Adam D. Dixon is Associate Professor of Globalization and Development at Maastricht University. Patrick J. Schena is BLR Professor of Practice, Tufts University. Javier Capapé is Adjunct Professor at IE University, Madrid.