Shanghai municipal investment corporation: Extending government power through financialization under state entrepreneurialism
نویسندگان
چکیده
Financialized urban governance means that local governments have been increasingly reliant on financial techniques and in some extreme cases, captured by shareholders’ interests. However, financialized mutates with various characteristics of governance. This paper unpacks China based the operation Shanghai Municipal Investment Corporation (SMI). The municipal government uses SMI as an intermediary to finance development. Based latest corporatization SMI, we illustrate embryonic form which relies especially shareholding manage support SMI. In doing so, internalizes state assets, seek funding, guide development projects. power is not undermined during process financialization. Instead, extends its market achieve goals.
منابع مشابه
Exploration and practice in promoting Shanghai municipal open government information
I am very happy to be exploring today, together with all the domestic and international experts and practitioners in open government information present, this global question about which we all share concern. Implementing open government information and establishing transparent government are important routes to enhancing the transparency of government work, advancing the construction of politi...
متن کاملIndex Investment and the Financialization of Commodities
The authors found that, concurrent with the rapidly growing index investment in commodity markets since the early 2000s, prices of non-energy commodity futures in the United States have become increasingly correlated with oil prices; this trend has been significantly more pronounced for commodities in two popular commodity indices. This finding reflects the financialization of the commodity mar...
متن کاملFinancing State and Local Government Infrastructure Investment
In this note, I will examine policy that might encourage greater public infrastructure investment. Much of the discussion will center around H.R. 1452, a bill that was introduced to the House of Representatives in 1999. This bill provided a novel financing method, the primary purpose of which was to provide interest-free loans to state and local governments that would use the money to improve i...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Environment And Planning C: Politics And Space
سال: 2022
ISSN: ['2399-6552', '2399-6544']
DOI: https://doi.org/10.1177/23996544221114955