Unfaithful Friends: Business in Authoritarian Asia
Thursday, November 12, 202011:30 AM - 12:30 PM (Pacific)
Online, via Zoom: REGISTER
**Please note all CDDRL events are scheduled using the Pacific Time Zone
About this Event: This book offers a novel theory of the nuances in relationships between business and political elites in three authoritarian regimes in developing Asia: Indonesia under Suharto’s New Order, Malaysia under the Barisan Nasional (BN), and China under the Chinese Communist Party (CCP). How did business-state relations in all three regimes come to be seen as “crony,” and why do some crony arrangements generate growth and political stability and others stagnation or crisis? The book develops conceptual models of state-business relations (mutual alignment and mutual endangerment) and explains their genesis. I argue that the main factors explaining why one pattern dominates over the other are the political status of capitalists, determined during regime formation, and the political management of the financial system. The research draws on extensive archival and interview sources as well as novel datasets on corporate filings in each country.