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The Internationalisation of Capital and the Transformation of Statehood in Southeast Asia

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Book cover The Political Economy of Southeast Asia

Part of the book series: Studies in the Political Economy of Public Policy ((PEPP))

Abstract

This chapter examines the transformation of social classes and state forms in Southeast Asia. It charts in particular the emergence of a fraction of the bourgeoisie with a strong international orientation, denoted partly in the forms of cross-border corporate mergers, acquisitions and joint ventures. Combined with broader shifts in the global political economy, this has generated pressures to transform Southeast Asian states, shifting them from a national-developmentalist orientation towards “regulatory statehood” with important transnationalised elements. This restructuring of the state enables its active role in facilitating the global expansion of capital through various regulations and negotiations. Accordingly, the political dominance of transnationalised capital is being organised in and through the internationalisation of the state.

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Authors and Affiliations

  1. Faculty of Social and Political Sciences, Universitas Muhammadiyah Yogyakarta, Bantul, Indonesia

    Faris Al-Fadhat

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  1. Faris Al-Fadhat
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Correspondence to Faris Al-Fadhat .

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Editors and Affiliations

  1. Department of Asian and International Studies, City University of Hong Kong, Hong Kong, China

    Toby Carroll

  2. School of Political Science and International Studies, The University of Queensland, St Lucia, QLD, Australia

    Shahar Hameiri

  3. School of Politics and International Relations, Queen Mary University of London, London, UK

    Lee Jones

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Al-Fadhat, F. (2020). The Internationalisation of Capital and the Transformation of Statehood in Southeast Asia. In: Carroll, T., Hameiri, S., Jones, L. (eds) The Political Economy of Southeast Asia. Studies in the Political Economy of Public Policy. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-28255-4_7

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