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China's Role in Global Development Finance: China Challenge or Business as Usual?
University of Sydney, Australia.
Malmö universitet, Fakulteten för kultur och samhälle (KS), Institutionen för globala politiska studier (GPS).
University of Liverpool, United Kingdom.
2020 (engelsk)Inngår i: Global Policy, ISSN 1758-5880, E-ISSN 1758-5899, Vol. 11, nr 3, s. 326-335Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]

China's economic success has prompted both academic political economists and applied policy analysts to speculate about the implications of a new 'China model' of economic development and global economic governance. A particular issue is the degree to which the China model involves developing in opposition to or in cooperation with the pre-existing norms of global economic governance. Recognizing the ambiguity of the China model, we consider two alternative interpretations of China's role in global economic governance: China Challenge (CC) and Business as Usual (BaU). We flesh out these contrasting interpretations using evidence from the lending behavior of four major development finance institutions in which China plays a leading or determinative role: the Asian Infrastructure Investment Bank (AIIB), the New Development Bank (NDB), the Silk Road Fund (SRF), and the China-Africa Development Fund (CADF) of the China Development Bank. We find that (at least in the restricted domain of international development finance) China's role in global economic governance is largely characterized by BaU behavior, and although on a regional level this does represent a challenge to the historical role of Japan, it nonetheless suggests that the China model is not so revolutionary as many analysts suppose.

sted, utgiver, år, opplag, sider
John Wiley & Sons, 2020. Vol. 11, nr 3, s. 326-335
HSV kategori
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URN: urn:nbn:se:mau:diva-17082DOI: 10.1111/1758-5899.12802ISI: 000520067500001Scopus ID: 2-s2.0-85080079376OAI: oai:DiVA.org:mau-17082DiVA, id: diva2:1424819
Tilgjengelig fra: 2020-04-20 Laget: 2020-04-20 Sist oppdatert: 2024-06-17bibliografisk kontrollert

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Åberg, John H. S.

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Totalt: 203 treff
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