China’s Path Selection in Global Governance Reform

Jiejin Zhu
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引用次数: 1

Abstract

With the rise of China, reforming the global governance institutions has become an important part of China’s diplomacy. Based on whether to build new international rules or reinterpret or redeploy the existing ones, we can divide the rising power’s paths in global governance reform into four types: displacement, layering, conversion and avoidance. Why does China adopt different paths toward reforming the existing international institutions which are dominated by the U.S.? Building on the theory of “gradual institutional change” in historical institutionalism, this article argues that the veto capability of the established power and the flexibility of the existing international institution are two determinants of the rising power’s path selection in global governance reform. It applies this theoretical framework to explain China’s behaviour in four issue areas: sovereign credit rating, the international monetary system, free trade agreements and multilateral development banks. In sovereign credit rating, the strong veto capability of the U.S. and the low flexibility of the existing international credit rating institution make China adopt the path of avoidance. In the international monetary system, the strong veto capability of the U.S. and the high flexibility of the International Monetary Fund’s special drawing rights make China adopt the path of layering. In free trade agreements, the weak veto capability of the U.S. and low flexibility of the Trans-Pacific Partnership make China adopt the path of displacement. In multilateral development banks, the weak veto capability of the U.S. and high flexibility of World Bank rules make China adopt the path of conversion.
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全球治理改革中的中国路径选择
随着中国的崛起,全球治理体制改革已成为中国外交的重要组成部分。基于是构建新的国际规则,还是对现有规则进行重新解释或重新部署,我们可以将新兴大国在全球治理改革中的路径划分为四种类型:位移、分层、转换和规避。为什么中国在改革由美国主导的现有国际机构方面采取不同的道路。?本文以历史制度主义中的“渐进制度变迁”理论为基础,认为既定大国的否决权和现有国际制度的灵活性是新兴大国在全球治理改革中路径选择的两个决定因素。它运用这一理论框架来解释中国在四个问题领域的行为:主权信用评级、国际货币体系、自由贸易协定和多边开发银行。在主权信用评级方面,美国的否决能力较强,而现有国际信用评级机构的灵活性较低,使中国走上了回避的道路。在国际货币体系中,美国强大的否决能力和国际货币基金组织特别提款权的高度灵活性使中国走上了分层的道路。在自由贸易协定中,美国的否决能力较弱,跨太平洋伙伴关系的灵活性较低,使中国走上了流离失所的道路。在多边开发银行中,美国的否决能力较弱,世界银行规则的灵活性较高,使中国走上了转换的道路。
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来源期刊
CiteScore
1.30
自引率
33.30%
发文量
24
期刊介绍: The journal mission is to disseminate Russian and international research in global governance, international cooperation on a wide range of social and economic policies; as well as to create a professional framework for discussion of trends and prognoses in these areas. International Organisations Research Journal publishes academic and analytical papers of Russian and international authors on activities of international multilateral institutions: G8, G20, BRICS, OECD, the World Bank, IMF, WTO, UN, and alliances: European Union, Eurasian Economic Union, Shanghai Cooperation Organisation and others. Analytical and research papers on international cooperation in higher education, trends in higher education developments at the national, regional and global levels are welcomed for reviewing and publication. The journal is aimed at researchers, analysts, practitioners in international affairs and world economics and at a wide audience interested in political issues of international affairs and global development. IORJ supports publications of graduate and postgraduate students, young researchers in Russia and abroad. All IORJ publications are peer-reviewed.
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