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Illiberal Capitalist Development: Extra-European Capital, Sectoral Investment, and Changing Ideology in Europe

Project description

Tracking illiberal tides in Europe

Illiberalisation describes a political process where liberal democracies strengthen the executive branch while weakening the judiciary and legislature. In the context of European illiberalism, the EU-funded ILLINVESTMENTS project will explore two aspects of illiberal capitalist development. The first is the inflow of external investments into countries experiencing varying levels of illiberalism. The second is the emergence of illiberalism in western Europe. The focus will be on the impact of foreign investments, particularly from Chinese and Gulf sources, in the infrastructure and real estate sectors across three EU Member States: Germany, Italy and Hungary.

Objective

The principal objective of this research is to advance understanding of the capitalist development of European illiberalism. ILLINVESTMENTS addresses two understudied features of illiberal capitalist development in Europe: (1) extra-European investment inflows into countries where illiberalism is under variegated development, and (2) illiberal capitalist development in Western Europe. ILLINVESTMENTS presents a novel approach to exploring an emerging multifarious investment nexus at the intersection of multiple geographical and market contexts investigates the ways in which extra-European investment inflow contribute to what it terms ‘illiberalisation’: a process by which any liberal/former liberal democracy moves towards the strengthening of the executive at the expense of the judiciary and legislature. This project examines the relationship between two sectors that have experienced significant investment inflows from Chinese and Gulf-sourced capital in shaping the illiberalisation (infrastructure and real estate) in three EU member states, at what it sees as varying stages of illiberalisation: Hungary (advanced), Italy (aspiring), and Germany (pre-). Research activities are divided into two parts: (a) theoretical, which will take place at the University of Rijeka, and (b) empirical, a qualitative case study analysis, principally using semi-structured interviews with sectoral actors, conducted in the three countries under study. ILLINVESTMENTS will create much-needed knowledge of the wider dimensions of illiberalism, moving beyond the common focus on political leadership, which is unable to capture the varied aspects of illiberal capitalist development. In so doing, ILLINVESTMENTS will fill four knowledge gaps: (1) illiberalisation as a process; (2) illiberalisation in Western Europe; (3) the role of sectoral actors in the capitalist development of illiberalism, and; (4) the role of extra-European investment inflows in the European political economy.

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Topic(s)

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Funding Scheme

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HORIZON-TMA-MSCA-PF-EF - HORIZON TMA MSCA Postdoctoral Fellowships - European Fellowships

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Call for proposal

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(opens in new window) HORIZON-WIDERA-2024-TALENTS-02

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Coordinator

SVEUCILISTE U RIJECI
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 171 791,76
Address
TRG BRACE MAZURANICA 10
51000 Rijeka
Croatia

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Region
Hrvatska Jadranska Hrvatska Primorsko-goranska županija
Activity type
Higher or Secondary Education Establishments
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

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