Banking on Beijing

The Aims and Impacts of China's Overseas Development Program

AvAxel Dreher,Andreas Fuchs

Inbunden, Engelska, 2022

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Häftad

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Beskrivning

China is now the lender of first resort for much of the developing world, but Beijing has fueled speculation among policymakers, scholars, and journalists by shrouding its grant-giving and lending activities in secrecy. Introducing a systematic and transparent method of tracking Chinese development projects around the world, this book explains Beijing's motives and analyzes the intended and unintended effects of its overseas investments. Whereas China almost exclusively provided aid during the twentieth century, its twenty-first century transition from 'benefactor' to 'banker' has had far-reaching impacts in low-income and middle-income countries that are not widely understood. Its use of debt rather than aid to bankroll big-ticket infrastructure projects creates new opportunities for developing countries to achieve rapid socio-economic gains, but it has also introduced major risks, such as corruption, political capture, and conflict. This book will be of interest to policymakers, students and scholars of international political economy, Chinese politics and foreign policy, economic development, and international relations.

Produktinformation

Utgivningsdatum:2022-05-05
Mått:158 x 235 x 25 mm
Vikt:710 g
Format:Inbunden
Språk:Engelska
Antal sidor:396
Förlag:Cambridge University Press
ISBN:9781108474108

Utforska kategorier

Internationella relationer inom Samhälle och politik

Mer om författaren

Axel Dreher is Professor of International and Development Politics, Universität Heidelberg, Heidelberg, Germany. He is also a Fellow at CEPR, CESifo, and AidData. Andreas Fuchs is Professor of Development Economics and Director of the Centre for Modern East Asian Studies at the Georg-August-Universität, Göttingen, Germany. He is also Director of the Kiel Institute China Initiative. Bradley Parks is the Executive Director of AidData, a research lab at William & Mary, Virginia. He is also a Non-Resident Fellow at the Center for Global Development. Austin Strange is an Assistant Professor of International Relations at The University of Hong Kong. Michael J. Tierney is Professor of Government and Director of the Global Research Institute at William & Mary, Virginia.

Recensioner i media

'Banking on Beijing directs a spotlight on a hot policy issue: China's development aid and lending. The authors subject assumptions and anecdotes to the hard test of data – examining almost 4500 projects, involving $358 billion, in 138 countries, over 15 years. They identify humanitarian and commercial motivations, diverse means and ends, risks and gains, and similarities and contrasts with other countries' assistance. The book concludes that China is 'neither hero nor villain,' but a financing reality that the world should analyze with comprehensive, transparent data. This pathbreaking Open Data work should help developing countries that are dealing with China, international donors and lenders, and even further an improvement in China's policy.' Robert B. Zoellick, Former President of the World Bank, US Trade Representative, and Deputy Secretary of State

Innehållsförteckning

1. Why do we know so little about the aims and impacts of China's overseas development program?; 2. The journey to global creditor: a brief history of Chinese development finance; 3. Counting and comparing apples and dragon fruits; 4. Follow the money: where does Chinese government funding go?; 5. Apples and dragon fruits: how does China allocate aid and credit across countries?; 6. Aid à la carte: the subnational distribution of Chinese development finance; 7. Paving the way to growth and development? The socioeconomic impacts of Chinese development projects; 8. Poisonous dragon fruits? The side effects of Chinese development finance; 9. Banking on the belt and road: the future of global development finance.