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2022 | Buch

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The Ebb and Flow of Globalization

Chinese Perspectives on China’s Development and Role in the World

verfasst von: Huiyao Wang

Verlag: Springer Nature Singapore

Buchreihe : China and Globalization

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Wirtschaft" , Springer Professional "Technik"

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Über dieses Buch

Globalization is an irresistible force. Given the high stakes at hand – for stability, continued growth, and the future of our planet – it is more important than ever that China gain a deeper understanding of the rest of the world, and that the rest of the world also comes to a clearer understanding of China.

This book focuses on globalization and China’s evolving role in the world, offering unique perspectives on a remarkable period, which saw the global landscape reshaped by China’s continued rise, intensifying great power competition, and a deadly pandemic.

The essays center on three interconnected themes – China’s remarkable development under the Reform and Opening-up policy, China’s deepening integration into the global economy and rise in a multipolar world, and the quest to reinvigorate global governance and multilateralism to address the pressing global challenges of the 21st century.

These insights are useful for academics, policymakers, students, and anyone trying to deepen their understanding of China’s development and role in making globalization work for our multipolar world.

Inhaltsverzeichnis

Frontmatter

Chapter 1. Introduction: The Journey of Reform and Opening-Up

Abstract

The writings collected together in this book center on three interconnected themes—unfolding stories with global significance that also constitute the main threads of CCG’s work.

Huiyao Wang

Vectors of China’s Globalization

Frontmatter

Chapter 2. China’s Evolving Role in Trade and Investment

Abstract

Cross-border trade and investment have been crucial for China’s development and globalization over the last four decades. However, the role and nature of these economic linkages have changed significantly during this time. In the early stages of the Reform and Opening-up period, inbound foreign direct investment (FDI) and exports were the major drivers of China’s development, while imports and outbound investment remained relatively small.

Huiyao Wang

Chapter 3. The Rise of Chinese Multinationals

Abstract

The previous chapter discussed China’s evolving role in the global economy through the lenses of trade and investment. This chapter turns to another key aspect of China’s globalization: the rise of Chinese multinational companies (CMNCs).

Huiyao Wang

Chapter 4. Education, Talent, and Cultural Ties

Abstract

People are the lifeblood of any nation’s development and prosperity. If flows of goods and capital were instrumental in the early phases of China’s Reform and Opening-up, in the future, global flows of talent and expertise may be even more important for China’s evolution. This is all the more so given China’s economic restructuring and the waning of its demographic dividend.

Huiyao Wang

China’s Rise in a Multipolar World

Frontmatter

Chapter 5. Reflections on the Changing International Order

Abstract

To set the scene for Part II and Part III of this book, which look at China’s rise on the world stage and its role in global governance, respectively, this chapter features three articles that present broad reflections on the changing international order and how it is likely to evolve moving forward.

Huiyao Wang

Chapter 6. Chinese Diplomacy in a Changing World

Abstract

This chapter features three articles that give an overview of China’s diplomacy and external priorities over the period covered by this book. Following this, the remaining three chapters in part two cover China’s relations with the US, Asia, and Europe, respectively.

Huiyao Wang

Chapter 7. China-US Relations in Flux

Abstract

China and the US are the world’s most significant economic and political actors. Over the period covered by this book, fluctuations in relations between Beijing and Washington formed the central storyline, not just of China’s external relations, but of global affairs at large. Based on CCG’s ongoing research into this topic and a series of related events and Track II diplomacy visits to the US, the articles featured in this chapter present a Chinese perspective on this unfolding story at key junctures and outline policy recommendations for how relations between the two powers might be improved.

Huiyao Wang

Chapter 8. China’s Role in a Rising, More Integrated Asia

Abstract

We now move from the transpacific relationship to China’s backyard. In the coming years and decades, one Beijing’s top diplomatic priorities will be deepening relations with its neighbors in Asia, a continent that plays an ever more significant role in the global economy.

Huiyao Wang

Chapter 9. China-EU Relations

Abstract

Moving from Asia to the other end of the Eurasian landmass, this final chapter in part two features articles on China’s relationship with the European Union.

Huiyao Wang

Reinvigorating Multilateralism

Frontmatter

Chapter 10. Global Challenges and Joint Solutions

Abstract

The COVID-19 pandemic has been a reminder that we live in a time of unprecedented transnational challenges. From climate change and demographic crises to technological disruption and yawning inequality, these challenges are global and crosscutting in nature. Coordinated, holistic approaches are needed to overcome them.

Huiyao Wang

Chapter 11. Finding a Way Forward for Free Trade

Abstract

Global governance can have a significant impact on how the world recovers from a major catastrophe. After the twin tragedies of World War I and the Spanish flu pandemic of 1918–19, the newly formed League of Nations was unable to prevent a vicious spiral of nationalism, protectionism, and economic hardship that would wipe out two-thirds of international trade, plunge the world into the Great Depression, and ultimately sow the seeds of World War II.

Huiyao Wang

Chapter 12. Evolution of the Belt and Road

Abstract

Since it was launched in 2013, the Belt and Road Initiative (BRI) has become a catalyst of globalization, growth, and investment in many regions. Belt and Road projects have created nearly 300,000 jobs. The World Bank estimates that host countries have reduced shipping times by up to 3.2%, and trade costs by up to 2.8%. In addition, the initiative has helped build up so-called soft infrastructure such as education, healthcare, and other services.

Huiyao Wang

Backmatter

Titel: The Ebb and Flow of Globalization
verfasst von: Huiyao Wang
Verlag: Springer Nature Singapore
Electronic ISBN: 978-981-16-9253-6
Print ISBN: 978-981-16-9252-9
DOI: https://doi.org/10.1007/978-981-16-9253-6