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Corrosive Capital: Known Unknowns

Since 2015, CIPE has observed authoritarian governments pursuing international investment agendas as a means to exert influence and undermine markets in emerging democracies around the world. These investments pose a systemic threat to democracies and free and inclusive markets. CIPE has coined this investment “Corrosive Capital.” Historically, Corrosive Capital flows stem from authoritarian regimes and are inextricably linked to adverse governance outcomes in recipient countries. Corrosive Capital infiltrates vulnerable democracies, inciting debt dependencies, achieving underlying political motives, and yielding negative impacts on local communities and private sectors.

Identifying Corrosive Capital from China in the Americas and the Caribbean

China’s economic and political influence in Latin America is steadily increasing. To discuss this, the premier organizations working with the private sector and local governments in Latin America and the Caribbean, CIPE and AS/COA, were pleased to host an event focusing on the impact of Chinese corrosive capital on host communities.

Promoting Constructive Capital in Bulgaria: Unlocking Bulgarian Regions’ Potential for Private Sector Innovation

Please join CIPE partner, the Center for the Study of Democracy (CSD)'s event featuring Bulgarian President Rumen Radev and CIPE Vice Chairman of the Board Kim Holmes on September 28. Together, the speakers will discuss how Bulgaria can use the EU recovery and resilience funding to leverage constructive capital from the private sector to advance the country's digital and sustainability capacities. This event will be live-streamed on CSD's Facebook and YouTube accounts.

The Private Sector’s Role in Combating Corrosive Capital in Central Europe

CIPE and Central European Institute of Asian Studies (CEIAS) new paper series authors discuss how the private sector can play a unique leadership role in combating corrosive capital in Central Europe.

Gas and Dirty Money‎: Russian Corrosive Capital in Latvia

In this paper, author Evija Djatkovica highlights the need for collaboration between public and private sectors to tackle Russian corrosive capital in Latvia. Djatkovica's extensive analysis focuses on Russia’s malign economic footprint in Latvia, ‎Moscow’s regional foreign policy toolkit, including ethnic Russian communities, and ‎how geopolitical ambitions expose the three Baltic states much more broadly to Russia’s ‎influence.‎

Many a Mickle Makes a Muckle: Chinese Corrosive Capital in Croatia

This paper provides a review of economic relations between Croatia and China, including trade and investment trends, followed by case studies of corrosive capital financing or financing affected by potential long-term Chinese political influence in Croatia. It also offers recommendations to counter corrosive capital and promote constructive capital influx into Croatia.