Description
Book SynopsisThis insightful book examines the impact of two competing visions of Asian-Pacific economic growth paths and development governance. It discusses law, development and finance in the context of the Indo-Pacific Strategy versus the Belt and Road Initiative (BRI), whilst also comparing parallel development financing systems.
Jin Sheng reflects on and connects a series of issues of global significance, such as the economic Cold War, global debt, industrialisation and development in the developing world, and the changing international economic order. In so doing the author posits that the BRI’s ultimate objective is to export China’s development model, which is characterised by a focus on exports, experimentalism, and oversupply of currency. The book also critically examines China’s ambition to dominate the international economic order and set up its own favoured international rules.
Alternative Development Finance and Parallel Development Strategies in the Asia-Pacific will be an important read for researchers and policy makers in the fields of law, development and finance in the Asia-Pacific region.
Table of ContentsContents: 1. Infrastructure matters 2. Law, development, and finance 3. The One Belt One Road (obor) initiative: A global “great leap forward” or a “great leap outward”? 4. Asia’s two financial hubs and sovereign funds 5. Establishment and governance of Asian Infrastructure Investment Bank: Alternative development finance? 6. Established Bretton Woods IFIs vs emerging AIIB affiliates 7. Racing for development hegemony 8. Conclusion: The new Cold War has started Index
