Please use this identifier to cite or link to this item:https://hdl.handle.net/20.500.12259/34395
Type of publication: Straipsnis / Article
Author(s): Zhang, Falin
Title: China and global financial governance: centripetalism, elevation and disparity
Is part of: International journal of areas studies, 2013, vol. 8, iss. 1, p. 91-113
Date: 2013
Keywords: China;Global governance;Global financial governance;Centripetalism;Elevation;Disparity
Abstract: In the post-2008 global financial crisis era, the global financial governance system has experienced dramatic changes and a comparatively new network system comes into the fore. Meanwhile, China’s extraordinary performance during the crisis by virtue of its unique political and economic systems urged the elevation of its role in the new system. Against this backdrop, three words are appropriate to describe the new system and China’s role in it in the post-crisis era-centripetalism (rather than centrifugalism), elevation (rather than domination) and disparity (rather than coherence). Centripetalism means that patched global financial governance network system has more force to coordinate states and related international organizations. Elevation refers to a relatively more important role of China in the new system, but, by no means, a dominant (or hegemonic) role. China is an indispensable participant rather than a leading power in global financial governance. Disparity indicates the differed strategies of China in various global financial governance institutions or toward different events.
Internet: https://eltalpykla.vdu.lt/1/34395
https://doi.org/10.2478/ijas-2013-0005
https://hdl.handle.net/20.500.12259/34395
Appears in Collections:International Journal of Area Studies 2013, vol. 8, iss. 1

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