scholarly journals Economic Governance Quality and Chinese OFDI: Evidence from the “Belt and Road” Countries

2022 ◽  
Vol 13 (01) ◽  
pp. 23-36
Author(s):  
Suhang Xu ◽  
Liyan Liu
Keyword(s):  
Economic Governance ◽  
Belt And Road ◽  
Governance Quality ◽  
The Belt And Road

scholarly journals Selective Reshaping: China’s Paradigm Shift in International Economic Governance

2020 ◽  
Vol 23 (3) ◽  
pp. 583-606
Author(s):  
Heng Wang
Keyword(s):  
International Economic ◽  
International Economic Order ◽  
Theoretical Framework ◽  
Selective Adaptation ◽  
Economic Order ◽  
Economic Governance ◽  
New Approach ◽  
Belt And Road ◽  
The Belt And Road

Abstract In contrast with the selective adaptation approach toward external norms seen in its accession to the World Trade Organization, China increasingly plays a proactive role on the international stage, with the Belt and Road Initiative at the center of these activities. How can we understand this new approach by China toward international economic governance? What is responsible for China’s shifting approach, and what are the implications of this shift? The paper presents selective reshaping as a new theoretical framework, and argues that China is shifting toward the selective reshaping of institutions and rules within the global economic order. Within this theoretical framework, perception and conception, complementarity and legitimacy are influencing components that affect selective reshaping, and which manifest substantially differently in this context, when compared with selective adaptation. Selective reshaping is likely to transform the institutions and rules within the international economic order, and carry long-term implications.

China’s Integration into the Global Economic System: Institutional Idiosyncrasies and Emerging Patterns

2020 ◽  
Author(s):  
Yuan Li ◽  
Markus Taube
Keyword(s):  
Economic System ◽  
Global Economy ◽  
International System ◽  
Institution Building ◽  
Economic Governance ◽  
The West ◽  
Economic Interaction ◽  
Belt And Road ◽  
The Belt And Road ◽  
Global Economic Governance

Since the—externally enforced—opening of China to the global economy in the mid-nineteenth century, China’s integration into the global economic system has been mostly determined by a passive adoption of norms and regulatory principles developed in the West. It is only in recent years, as China’s absolute and relative economic might in the global economic system has risen dramatically, that a more active Chinese approach toward the institutional ordering of global economic interaction can be observed. This chapter looks into the parameters of China’s integration into the international system, its role in global economic governance as well as the drivers of Chinese institution building in the context of the Belt and Road Initiative.

THE DECENTRALIZING INTERNATIONAL TRADE ARCHITECTURE: PERSPECTIVES FROM AND ROLE OF ASIA

2020 ◽  
pp. 1-26
Author(s):  
PRADUMNA B. RANA ◽  
WAI-MUN CHIA ◽  
XIANBAI JI
Keyword(s):  
International Trade ◽  
Economic Governance ◽  
Regional Institutions ◽  
Bretton Woods ◽  
Belt And Road ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
The Belt And Road ◽  
Global Economic Governance

Global economic governance is in flux. The centralized international trade architecture of the post-Bretton Woods era is decentralizing as new regional institutions are being established for various reasons. Decentralization per se is neither good nor bad. It depends on whether there is “healthy” competition and functional complementarity or “unhealthy” competition between global and new regional institutions. This paper has three objectives, to: (i) review the decentralization of the international trade architecture; (ii) identify the benefits and the risks of the decentralization process and its implications for the centrality of the World Trade Organization (WTO), and (iii) recommend policies for the WTO to manage the process. The paper argues that, so far, the benefits of new regional institutions and trade decentralization appear to have outweighed the risks, and as a result global economic governance may have improved. Looking ahead, the paper recommends a number of policy actions that the WTO should take to manage trade decentralization. The paper argues that Asian countries, especially those that are members of the G20, should play a greater role in lobbying and driving the needed reforms of the WTO. They should also seek to expedite the conclusion and ratification of the Regional Comprehensive Economic Partnership (RCEP) and eventually institutionalize the complementarity between RCEP, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Belt and Road Initiative (BRI).

The Belt and Road Initiative and Sino-Russian economic cooperation: Is there one more chance for us?

2019 ◽  
pp. 47-71
Author(s):  
Petr M. Mozias
Keyword(s):  
Regional Integration ◽  
Raw Materials ◽  
Belt And Road Initiative ◽  
Stage Of Development ◽  
Belt And Road ◽  
Flexible Framework ◽  
The One ◽  
International Transactions ◽  
The Belt And Road ◽  
Current Stage

China’s Belt and Road Initiative could be treated ambiguously. On the one hand, it is intended to transform the newly acquired economic potential of that country into its higher status in the world. China invites a lot of nations to build up gigantic transit corridors by joint efforts, and doing so it applies productively its capital and technologies. International transactions in RMB are also being expanded. But, on the other hand, the Belt and Road Initiative is also a necessity for China to cope with some evident problems of its current stage of development, such as industrial overcapacity, overdependence on imports of raw materials from a narrow circle of countries, and a subordinate status in global value chains. For Russia participation in the Belt and Road Initiative may be fruitful, since the very character of that project provides us with a space to manoeuvre. By now, Russian exports to China consist primarily of fuels and other commodities. More active industrial policy is needed to correct this situation . A flexible framework of the Belt and Road Initiative is more suitable for this objective to be achieved, rather than traditional forms of regional integration, such as a free trade zone.

INTERPRETATION OF SINO-RUSSIAN CULTURE AND HUMANITIES COOPERATION IN THE NEW ERA

2020 ◽  
Vol 10 (3) ◽  
pp. 186-193
Author(s):  
REN YANYAN ◽  
Keyword(s):  
Current Status ◽  
Human Relations ◽  
New Era ◽  
Russian Culture ◽  
The People ◽  
Starting Point ◽  
Cooperative Partnership ◽  
Belt And Road ◽  
The Belt And Road

The friendship between nations lies in the mutual affinity of the people, and the people’s affinity lies in the communion of hearts. The cultural and humanities cooperation between China and Russia has a long history. In recent years, under the role of the“Belt and Road” initiative, the SCO, and the Sino-Russian Humanities Cooperation Committee, Sino-Russian culture and humanities cooperation has continued to deepen. Entering a new era, taking the opportunity to promote Sino-Russian relations into a “new era China-Russia comprehensive strategic cooperative partnership”, the development of human relations between the two countries has entered a new historical starting point, while also facing a series of problems and challenges. This article is based on the current status of Sino-Russian human relations in the new era, interprets the characteristics of Sino-Russian human relations in the new era, analyzes the problems and challenges of Sino-Russian human relations in the new era, and tries to propose solutions and solutions with a view to further developing Sino-Russian cultural and humanities relations in the new era. It is a useful reference, and provides a reference for future related research, and ultimately helps the Sino-Russian cultural and humanities relations in the new era to be stable and far-reaching.

Belt and Road Initiative: Analysis of Possible Effects on Nigeria’s Economy

2018 ◽  
Vol 9 (06) ◽  
pp. 20475-20182
Author(s):  
Ige Ayokunle O ◽  
Akingbesote A.O
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
International Cooperation ◽  
Economic Cooperation ◽  
Belt And Road Initiative ◽  
International Economic Cooperation ◽  
R Project ◽  
Belt And Road ◽  
The Relationship ◽  
The Belt And Road

The Belt and Road initiative is an important attempt by China to sustain its economic growth, by exploring new forms of international economic cooperation with new partners. Even though the B&R project is not the first attempt at international cooperation, it is considered as the best as it is open in nature and does not exclude interested countries. This review raised and answered three questions of how the B&R project will affect Nigeria’s economy?  How will it affect the relationship between Nigeria and China? What could go wrong?, The review concluded that Nigeria can only benefit positively from the project.

The Belt and Road Initiative: Goals and Challenges

2020 ◽  
pp. 167
Author(s):  
Adnan Khalaf i Hammed Al-Badrani ◽  
Hind Ziyad Nafeih
Keyword(s):  
Development Strategy ◽  
Soft Power ◽  
Oil And Gas ◽  
Power Lines ◽  
Belt And Road Initiative ◽  
Belt And Road ◽  
Ancient Silk Road ◽  
Main Engine ◽  
The Belt And Road

The Belt and Road Initiative is an initiative to revive the ancient Silk Road, through networks of land and sea roads, oil and gas pipelines, electric power lines, the Internet and airports, to create a model of regional and international cooperation.       It is essentially a long-term development strategy, launched by the Chinese president in 2013 to become the main engine of Chinese domestic policy and foreign diplomacy and within the framework of the soft power strategy, to enhance its position and influence in the world as a peaceful and responsible country.   The study includes identifying the initiative and setting goals for China, as well as the challenges and difficulties that hinder the initiative.

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