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.

Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher-Ohlin model using industry data on 44 developed and developing...

"States versus Markets shows that globalization is not a novel phenomenon but a recurrent process whereby markets have, since the sixteenth century, periodically redistributed economic activity. This revised and updated new edition takes account of the new rise of Asia and the global financial...