This compelling book examines how the rise of an illiberal China has affected the stability of the Western-dominated order through the lens of global development finance. David Skidmore demonstrates how China's growing impact on the global development finance regime has produced competitive convergence rather than divergence, emphasizing the resilience of the liberal international order.
Skidmore discusses China's emergence as a major source of development finance through strategies such as the Belt and Road initiative, the Asian Infrastructure Bank and the New Development Bank. Analysing measures at both bilateral and multilateral level, he investigates claims that China is exporting an economic model to the developing world and considers the successes and failures of such efforts. The book further explores Western responses to China's growth, including the Partnership for Global Infrastructure and Investment. It illustrates how competitive convergence has narrowed the gap between Western and Chinese practices, with emulation rather than differentiation resulting in a pattern of two-way socialization between East and West.
Students and scholars of political science, international relations, political economy, Asian politics and economics, and Chinese foreign policy will greatly benefit from the innovative insights of this book. It is also a vital resource for policymakers and practitioners working in aid and development.
Rezensionen / Stimmen
'Does China really offer a different "model" at permanent odds with the liberal international order? With respect to development assistance, competitive convergence shows that, in fact, China is partially converging on Western norms. Compelling and well written, this book is essential reading for scholars and practitioners alike.' -- Lee Jones, Queen Mary University of London, UK 'Contesting the conventional perspective on China's development finance initiatives challenging the hegemony of US-led multilateral banks, David Skidmore masterfully argues that China's interventions within the global development financial regime have triggered competitive convergence between liberal Western and illiberal Chinese development finance norms and institutions. This is a must-read for scholars, students and practitioners interested in development finance.' -- Fumihito Gotoh, University of Sheffield, UK 'This book challenges the notion of an inevitable U.S.-China bifurcation, demonstrating how competitive convergence offers an alternative path in global development finance. A must-read for understanding how strategic rivalry drives institutional adaptation, shaping norms, policies, and the evolving international financial order.' -- Ian Tsung-yen Chen, National Sun Yat-sen University, Taiwan
Reihe
Sprache
Verlagsort
Zielgruppe
Maße
Höhe: 234 mm
Breite: 156 mm
ISBN-13
978-1-0353-3436-0 (9781035334360)
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Schweitzer Klassifikation
David Skidmore, Department of Political Science, Drake University, US
Contents
Acronyms
1 Divergence or convergence in the global development finance
regime?
2 The China challenge and the evolution of the global
development finance regime
3 The Belt and Road Initiative: A "China model" for the
developing world?
4 The Asian Infrastructure Bank and the New Development
Bank: China's multilateral moves
5 Western responses to the China challenge
6 Competitive convergence and the future of the liberal
international order
References
