Capital unchained: finance, intangible assets and the double life of capital in the offshore world

Bryan, D, Rafferty, M and Wigan, D 2017, 'Capital unchained: finance, intangible assets and the double life of capital in the offshore world', Review of International Political Economy, vol. 24, no. 1, pp. 56-86.


Document type: Journal Article
Collection: Journal Articles

Title Capital unchained: finance, intangible assets and the double life of capital in the offshore world
Author(s) Bryan, D
Rafferty, M
Wigan, D
Year 2017
Journal name Review of International Political Economy
Volume number 24
Issue number 1
Start page 56
End page 86
Total pages 31
Publisher Routledge
Abstract The rise of intangible assets such as brand names, research and development, patents and other forms of abstract capital such as digital platforms and data flows has confounded extant measures and concepts of capital and accumulation. What used to be a residual asset category known as 'goodwill' has now overtaken so-called fixed or tangible assets in the profitability and valuation of many leading corporations. Yet these intangible assets lead a double life as both spatial and temporal in some dimensions, yet fluid and spatio-temporally elusive in others. Using a framework focused on measuring (by accountants), managing (by corporations) and monitoring (by International Political Economy scholars and regulators), this article explores the longer term implications of accumulation of internationalised capital in intangible and abstract forms, and the prominent role of finance and offshore in giving mobility and fluidity to these forms of capital. The article suggests that while global value chain and global production network analyses have helped researchers and policy-makers to track increasingly fragmented and fluid networks of commodity production, there also is a need to follow the global double life of internationalised and financialised intangible assets and wealth flows, and parallel reorganisations of state forms in response to those transformations.
Subject Applied Economics not elsewhere classified
Keyword(s) finance
Global Wealth Chains
intangible assets
knowledge economy
offshore
taxation
DOI - identifier 10.1080/09692290.2016.1262446
Copyright notice © 2017 Informa UK Limited, trading as Taylor & Francis Group.
ISSN 0969-2290
Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 16 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 2 times in Scopus Article | Citations
Altmetric details:
Access Statistics: 52 Abstract Views  -  Detailed Statistics
Created: Tue, 10 Oct 2017, 07:55:00 EST by Catalyst Administrator
© 2014 RMIT Research Repository • Powered by Fez SoftwareContact us