In this China Conference event, we hosted a book launch discussion of GWU's Stephen Kaplan's "Globalizing Patient Capital: The Political Economy of Chinese Finance in the Americas" (Cambridge University Press). USC's Carol Wise and Temple University's Roselyn Hsueh provided discussant remarks, and the event was moderated by IIEP Co-Director Jay Shambaugh.
China’s overseas financing is a distinct form of “patient capital” that marshals the country’s vast domestic resources to create commercial opportunities internationally. Its long-term risk tolerance and lack of policy conditionality has allowed developing economies to sidestep the fiscal austerity tendencies of Western markets and multilaterals. Professor Stephen B. Kaplan will discuss his new book, which examines China's state-led capitalism, and the costs and benefits of state versus market approaches to development. In the talk, Professor Kaplan explores how patient capital affects national-level governance across the Americas and beyond, including how Chinese leaders will react to developing nation’s ongoing struggles with debt and dependency.
The book launch is also part of our 13th annual Conference on China's Economic Development and U.S.-China Economic Relations. This year, the conference has taken place as a virtual series. This conference is co-sponsored by the Sigur Center for Asian Studies, the GW Center for International Business Education and Research, the Latin American & Hemispheric Studies Program (LAHSP) at GW, the GW Department of Political Science, and the Elliott School Book Launch Series.
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