The Phantom Menace: The Rise of China’s State-owned Monopolies
Yeon, Wonho | July 2019
Abstract
The first episode of the blockbuster movie Star Wars is called “The Phantom Menace” - titled so because of the chancellor of the galactic republic hiding his true identity as an evil villain behind the face of a devoted public servant. Maybe we are living in the world of another type of phantom menace.
There is a group of giant firms with a little reputation outside China are quietly taking a dominant lead globally in some particular industries: energy and utilities. As we saw in the Huawei incident, the West’s attention is now all taken up by China’s ICT security threats. However, the real threat might lie in these China’s state-owned companies arising as the worldwide monopolies of the future.
Citation
Yeon, Wonho. 2019. The Phantom Menace: The Rise of China’s State-owned Monopolies. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/10852.Keywords
Industry
Development Economics
Economic Models
Organization for Economic Cooperation and Development
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Securities
Competition
Industrial competition
Unfair competition
Monopolies
Competition policy
Development cooperation
Economic discrimination
Industrial Development
Financial Services Industry
Industrial Sector
Regulatory reform
Competition
Comparative economics
Communication in economic development
Industrialization
Monopoly
Barriers to entry
Monopolistic competition
Restraint of trade
Price discrimination
Imperfect competition
Press monopoly
Diversification in industry
Unfair competition
Investment banking
Exchange
Exchange rates
Comparative economics
Index number
Monetary policy
Value analysis
Adjustment cost
Transaction cost
Conditionality
International relations
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Citable URI
http://hdl.handle.net/11540/10852Metadata
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