Research Working Paper Series The Global Impact of State Capital Dr George Gilligan Senior Research Fellow Centre for Law, Markets and Regulation Faculty of Law UNSW Australia Dr Megan Bowman Research Fellow Centre for Law, Markets and Regulation Faculty of Law UNSW Australia Professor Justin O’Brien Law Professor Director, Centre for Law, Markets and Regulation Faculty of Law UNSW Australia Australian Research Council Future Fellow WORKING PAPER NO. 005/2013 November 2013 www.cifr.edu.au This research was supported by the Centre for International Finance and Regulation (project number E002) which is funded by the Commonwealth and NSW Governments and supported by other Consortium members (see www.cifr.edu.au).