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Friday, February 1, 2019

CEIBS Faculty Takes 2019 Ohira Book Prize

February 1, 2019. Shanghai – CEIBS Assistant Professor of Strategy Richard Carney is the winner of the 34th Annual Masayoshi Ohira Memorial Book Prize in recognition of his work entitled, Authoritarian Capitalism: Sovereign Wealth Funds and State-Owned Enterprises in East Asia and Beyond. The prize, awarded in honour of late Japanese Prime Minister Masayoshi Ohira, is intended to promote excellence in books on politics, economics, culture, and technology, which contribute to the development of the Pacific Basin Community Concept or regional studies of the Pacific Basin region. Prof. Carney is the first-ever business school faculty member to win the award, which also includes a ¥1,000,000 (JPY) cash prize.

Authoritarian Capitalism looks at how, over the past two decades, a statist-authoritarian model of capitalism has diffused across Asia and how leaders in Asia have used it to uphold their rule. The book argues that the most aggressive version of this model does not belong to China, but rather to Malaysia and Singapore. Furthermore, with an increasing number of similar authoritarian regimes establishing sovereign wealth funds, their ability to intervene in the corporate sectors of other countries is expanding rapidly and with profound implications. For more about this topic, watch this video.

In his work at CEIBS, Prof. Carney focuses primarily on business-government relations. In addition to his most recent book, he has also published articles in numerous international journals and is the editor of another collection entitled, Lessons from the Asian Financial Crisis. He is frequently invited to give talks about his research at universities around the world and has extensive experience speaking with mid- and senior-level executives and government officials from Asia, the United States, Europe, and Australia.

For more information about Prof. Carney’s research and teaching interests, visit his CEIBS faculty profile here.

Michael D. Thede