The hybridization of the state-capital nexus in the global energy order

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Abstract

This article theorizes the broader rearticulation of state power within the global energy order-signified by the resurgence of resource nationalism and the expansion abroad of state-owned non-Western energy corporations-alongside the persistently widening and deepening transnationalization of the global energy order. This is argued to be rooted in the broader dynamics of capital accumulation, in particular its expansive character and statist dimension. These contradictory dynamics are illustrated by empirical findings on some of the main trends of the 'new geopolitics of oil'. The article concludes that we are moving towards a more multipolar and hybrid global energy order in which the rise of statist actors from outside the Western core is not signifying a unidirectional shift towards a statist model, let alone a 'return of state capitalism', but rather is generating more hybrid forms of cooperation, new alliances and dynamics and a blurring of categories. © 2012 Copyright Taylor and Francis Group, LLC.
Original languageEnglish
Pages (from-to)531-545
Number of pages15
JournalGlobalizations
Volume9
Issue number4
Early online date2 Aug 2012
DOIs
Publication statusPublished - 2012

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