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China's historic accession to the World Trade Organization (WTO) in November 2001 not only represents an important milestone in the country’s transition to a market economy and integration into the global economy, but is also among the most important events in the history of the WTO and the multilateral trading system. China and Global Trade Governance: China's First Decade in the World Trade Organization provides us with some fresh empirical data to assess the country’s behaviour in the liberal international economic regime. Such an assessment is both timely and necessary as it can help us better understand China’s role in the evolving structure of global economic governance, in addition to shedding light on the broader debate about the implications of the rise of China for the international system. Through a thorough examination of China’s WTO compliance record and its experience in multilateral trade negotiations, this book seeks to better understand the sources of constraints on China’s behaviour in the multilateral trade institution as well as the country’s influence on the efficacy of the World Trade Organization. In doing so, this project speaks directly to the following questions raised by China’s unprecedented ascent in the international system: Is China a rule maker, rule follower, or rule breaker in international regimes? Is Beijing a responsible stakeholder capable of making positive contributions to global trade governance in the long-term?
This book examines the processes, evolution and consequences of China’s rapid integration into the global economy. Through analyses of Beijing’s international economic engagement in areas such as trade, investment, finance, sustainable development and global economic governance, it highlights the forces shaping China’s increasingly prominent role in the global economic arena. Chapters explore China’s behavior in global economic governance, the interests and motivations underlying China’s international economic initiatives and the influence of politics, including both domestic politics and foreign relations, on the country’s global economic footprint.
This book proposes a new concept of “International Leadership with Chinese Characteristics” (ILCC) to interpret China’s role in global governance. The author illustrates how the concept of ILCC is built on the basis of the discussion of Chinese political culture and Chinese worldview of international relations and develops a four-step interpretive process as a guidance for conducting the empirical analysis of the ILCC. The book also shows how Chinese elites conceptually construct and practically implement the ILCC in four case studies – G20, BRICS, Shanghai Cooperation Organization (SCO), and Belt and Road Initiative (BRI)
This book focuses on global economic governance covering the following five areas: the theoretical and historical evolution of global economic governance, international financial governance, international trade and investment governance, global climate change and sustainable development governance, and international macroeconomic policy coordination. On the one hand, this book aims to provide a general analytical framework for studying global economic governance. On the other hand, the study on global economic governance involves understanding its historical development, exploring its emergence and evolution, analyzing what challenges global economic governance faces in the context of a new globalization, looking into its future development trends, and proposing the direction of the reform of global economic governance system on the above basis, and finally providing theoretical references and policy advice for China’s better participation in global economic governance.
The Dragon’s Footprints: China in the Global Economic Governance System under the G20 Framework examines China’s participation in the G20; its efforts to increase its prestige in the international monetary system through the internationalization of its currency, the renminbi; its role in the multilateral development banks — the Asian Infrastructure Investment Bank and the New Development Bank; and its involvement in global trade governance, in light of the dazzling growth its economy has experienced since its ascension to the World Trade Organization in 2001. Clearly, China has its own views on how to engage with governance bodies and what benefits it expects to reap from its participation in global economic governance. There is no doubt that China is leaving its footprint on many aspects of the international financial system through its growing engagement with and greater integration into the global economy. The Dragon’s Footprints provides an in-depth discussion of what China has gained and learned from this experience and considers the implications for its foreign policy and future economic development.
The acceleration of globalization and the rise of China are among the most important events in the 21st century. Globalization is a double-edged sword for human society. There is a strong belief among the international community that global governance is the most effective solution to most of our global problems. In this volume Chinese scholars contribute to the study of global governance by exploring ways to effectively face the tough challenges brought by globalization, such as economic prosperity, environmental issues, and global security.
While China's economy has shown impressive dynamism following the increased reliance on market-based policies, the governance structures themselves will have to be reformed deeply for this growth to be sustainable. This report examines the many challenges of governance which China is facing.
This book focuses on global economic governance covering the following five areas: the theoretical and historical evolution of global economic governance, international financial governance, international trade and investment governance, global climate change and sustainable development governance, and international macroeconomic policy coordination. On the one hand, this book aims to provide a general analytical framework for studying global economic governance. On the other hand, the study on global economic governance involves understanding its historical development, exploring its emergence and evolution, analyzing what challenges global economic governance faces in the context of a new globalization, looking into its future development trends, and proposing the direction of the reform of global economic governance system on the above basis, and finally providing theoretical references and policy advice for China’s better participation in global economic governance.
This comprehensive new work offers a systematic analysis of growing Chinese engagement in global governance institutions during the past three decades. During this period, Chinese have gone from outsiders to observers to active participants in just about every realm of governance. However, there is substantial variation in the ways Chinese participate and how effective they are in promoting their own interests This variation, in turn, has direct consequences for multilateral cooperation and addressing the globe's thorniest problems. This book is based on studies of Chinese involvement in a wide cross section of regimes, including trade, finance, intellectual property rights, climate change, public heath, labour, and technical standards. Through detailed analysis of different areas of global governance, the contributors to this volume argue that China has become most adept at regimes that serve the needs of industrial producers, and has moved less up the learning curve in those regimes focused on other actors, such as labour, or addressing other problems, such as climate change. Emphasising that Chinese participation has important implications for addressing some of the most pressing global problems, this work examines why China often avoids taking the lead when it comes to reform and considers the prospects for Chinese becoming advocates for more progressive reform of the international system. This work will be essential reading for students and scholars of international relations, China studies and global governance.
For many years, political leaders and analysts have debated the impacts of China's rise on the stability of the existing international system. International observers have also debated whether China would be a status quo power or a revisionist power, and whether China would observe the rules and regulations of international institutions and regimes. China Joins Global Governance: Cooperation and Contentions, edited by Mingjiang Li, provides an insightful contribution to our understanding of these issues through a specific angle: China's role in global governance. The contributors to this volume address such questions as, how has China dealt with major global institutions and regimes? How has China helped address various global challenges? How is China's rise changing the international approach to global governance? The contributors cover a broad range of issues, including China's vision and strategy in global multilateralism, China's role in global economic/financial/trade governance, China's policy towards the global environment and international development, and China's approaches to various global security issues such as nuclear disarmament and nonproliferation. China Joins Global Governance is an essential text in understanding the future trajectory of China's international policy.