This CLMR research paper examines how swiftly core characteristics of the global economy are changing and the implications for Foreign Direct Investment (FDI) into Australia, especially FDI from China. The paper focuses on how state investment capital is an increasingly important strategic priority for governments, regulators, finance sector participants and other stakeholders. This is of the utmost strategic significance for Australia, given that its stability and economic well-being is increasingly intertwined with Asian jurisdictions, many of whom are active state investment actors.

This paper will be published in the forthcoming Seattle University Law Review (2013).

We acknowledge the financial support of the Centre for International Finance and Regulation (for project Enter the Dragon: Foreign Direct Investment and Capital Markets, E002), which is funded by the Commonwealth of Australia and NSW State Government and other consortium members (www.cifr.edu.au).