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    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
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/10852
    Metadata
    Show full item record
    Thumbnail
    KIEPopinions_no166.pdf (492.3Kb)
    Author
    Yeon, Wonho
    Theme
    Economics
    Industry

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    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise