The past two decades have seen a rapid rise in large-scale, state-led transnational investment from countries as different as China, Norway and Russia. By bundling economic resources, these countries have entered global markets through massive state-led investments. This transformation of states...

This work details the growing phenomenon of state capitalism, a system in which governments drive local economies through ownership of market-dominant companies. This trend, Bremmer argues, threatens America's competitive edge and the conduct of free markets everywhere.