- Alessandro Arduino 1
- 1.Co – Director Security & Crisis Management Program Shanghai Academy of Social Sciences—UNITO Shanghai China
First Online: 16 December 2017
Beijing’s economic influence in shaping international institutions is yet to be seen in the market for force. Nevertheless the Chinese insurance sector began to realize the importance of this business niche. Traditional static security, counter-terrorism as well as kidnapping for ransom are going to provide important contracts along the Belt and Road Initiative (BRI). As it happened in the US war efforts, China is learning an important lesson: the private security companies’ (PSCs) employment practices offer short-term flexibility and economic benefits but also could produce long-term negative spillovers if not properly contained. New businesses that the Chinese private security sector is looking into are related to the protection of macro-cities and the international hunt for corrupted officials, who had fled the country in an attempt to escape with the embezzled sums.
Special insurance K&R SOEs’ risk BRI security
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About this chapter
Cite this chapter as:
Arduino A. (2018) Globalization and the Market for Force. In: China’s Private Army. Palgrave Pivot, Singapore
- DOI https://doi.org/10.1007/978-981-10-7215-4_4
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