China and Inner Asia
Session Abstract: How is the rise of China reshaping global economic governance? Challenging conventional wisdom that captures a contestation between a statist, illiberal China and a laissez-faire, liberal international order, papers of this panel seek to present more nuanced interpretations of the rationale behind China's economic development, the logic of global economic governance, and the way the two interact with one another.
Hopewell underscores a "China Paradox" challenging international trade governance – that China is both a major economic power and a developing country with relatively low per capita incomes, and discusses how granting China special and differential treatment due to its development status affects global development.
Highlighting the "market-ness" of China's late development, Chen characterizes a peculiar Chinese means of infrastructure finance and examines how the internationalization of a "state-supported, market-based" financing model reshapes the dichotomous OECD-led global credit governance that demarcates development-oriented aid and commercially-oriented trade.
Yin addresses the puzzle of why authoritarian governments have the incentive to advocate liberal institutionalism by focusing on transnational commercial arbitration (TCA) institutions. He argues that the demand of the central and local governments and the supply of colonial legal legacies jointly explain the emergence of TCA institutions in South China.
McNally focuses on the ideological impact of China's economic rise, examining how a new form of capitalism, Sino-capitalism, which combines top-down state-centric modes of governance with bottom-up networked modes of entrepreneurship, interacts with an increasingly complex amalgam of existing global norms and foreshadows a fundamental change in the ideational nature of politico-economic discourse.
Paper Presenter: Muyang Chen – Peking University
Paper Presenter: Christopher McNally – Chaminade University of Honolulu
Paper Presenter: Kristen Hopewell – University of British Columbia
Paper Presenter: Weiwen Yin – Texas A&M University