FUELING STATE CAPITALISM

In the late 1990s governments began investing hundreds of billions of dollars in foreign oil and gas assets through their national oil companies NOCs raising concerns about a resource war and asymmetric interdependence Most critics perceive the foreign investments of NOCs as politically driven and inefficient In Fueling State Capitalism however Andrew Cheon sees these investments as commercial ventures by ambitious stateowned enterprises seeking to become global players amid rising oil prices Looking at investments from 79 countries from 2000 to 2013 as well as case studies of China India Brazil Norway and Russia Fueling State Capitalism unpacks the role of domestic institutions both national and bureaucratic in shaping the global expansion of national energy firms