Challenges to China's Economic Statecraft

A Global Perspective

Edited by Yi Edward Yang - With Wei Liang - Contributions by Laura Bunting; James F. Paradise; Charles Burton; Stephen Noakes; Pippa Morgan; Jonathan Fulton; Bas Hooijmaaijers; Biao Zhang; Sow Keat Tok; Marcia Don Harpaz; Min Ye and Quan Li

Fueled by its surging economic strength, China has been increasingly utilizing economic tools such as trade, foreign aid, foreign direct investment, and sanctions to pursue strategic and security interests on the world stage. This approach, known as economic statecraft, has thus far received mixed policy results and ambivalent reactions from the international community. This book presents a collection of global assessments of China's economic statecraft. The contributors to this volume answer three key questions: What are the challenges faced by China’s economic statecraft? Why is China sometimes able to achieve its foreign policy objectives via economic statecraft and sometimes not? How do foreign countries, particularly the targets of China’s economic statecraft, respond to China's strategies? This comprehensive study examines economic statecraft in the context of more than a dozen nations and international organizations across four continents, thus providing a truly global perspective.

Lexington Books

Pages: 310 • Trim: 6¼ x 9

978-1-4985-8344-2 • Hardback • August 2019 • $142.00 • (£109.00)

978-1-4985-8345-9 • eBook • August 2019 • $134.50 • (£104.00)

Series: Challenges Facing Chinese Political Development

Subjects: Political Science / World / Asian, History / Asia / China

Challenges to China's Economic Statecraft

A Global Perspective

Hardback

eBook

Summary

Fueled by its surging economic strength, China has been increasingly utilizing economic tools such as trade, foreign aid, foreign direct investment, and sanctions to pursue strategic and security interests on the world stage. This approach, known as economic statecraft, has thus far received mixed policy results and ambivalent reactions from the international community. This book presents a collection of global assessments of China's economic statecraft. The contributors to this volume answer three key questions: What are the challenges faced by China’s economic statecraft? Why is China sometimes able to achieve its foreign policy objectives via economic statecraft and sometimes not? How do foreign countries, particularly the targets of China’s economic statecraft, respond to China's strategies? This comprehensive study examines economic statecraft in the context of more than a dozen nations and international organizations across four continents, thus providing a truly global perspective.

Details

Lexington Books

Pages: 310 • Trim: 6¼ x 9

978-1-4985-8344-2 • Hardback • August 2019 • $142.00 • (£109.00)

978-1-4985-8345-9 • eBook • August 2019 • $134.50 • (£104.00)

Series: Challenges Facing Chinese Political Development

Subjects: Political Science / World / Asian, History / Asia / China

Author

Yi Edward Yang is professor of political science at James Madison University.

Wei Liang is professor of international policy at the Middlebury Institute of International Studies.

Table of Contents

Introduction, by Yi Edward Yang and Wei Liang

Part I. China’s Economic Statecraft in Bilateral Relations

Chapter 1. The New Great Game in Central Asia? The Belt and Road Initiative and its implications for Sino-Russian relations, by Laura Bunting

Chapter 2. Sanctions Effectiveness in the China-South Korea THAAD Dispute – The Importance of Target State Considerations, by James F. Paradise

Chapter 3. Middle Powers and China’s Economic Statecraft: Charting Variance in “Strategic Value,” by Stephen Noakes

Part II.China’s Economic Statecraft in Regional Relations

Chapter 4. Can China’s Economic Statecraft Win Soft Power in Africa? Unpacking Trade, Investment and Aid, by Pippa Morgan

Chapter 5. Chinese Economic Statecraft and the Gulf Cooperation Council, Jonathan Fulton

Chapter 6. Pulling the Region into its Orbit? China’s Economic Statecraft in Latin America, by Wei Liang,

Chapter 7. Blackening Skies for Chinese Investment in the EU?, by Bas Hooijmaaijers

Chapter 8. Nuclear Infrastructure Investment: China’s New Tool of Economic Statecraft?, by Biao Zhang

Part III. China’s Economic Statecraft: Creating and Shaping International Institutions

Chapter 9. Expanding Normative Power in Financial Governance through Economic Statecraft? The Case of the AIIB, by Zhongzhou Peng and Sow Keat Tok

Chapter 10. China’s Coherence in International Economic Governance, by Marcia Don Harpaz

Chapter 11. Toward a Responsible Great Power? A Formal Analysis of China’s Contributions to UN Peacekeeping Operations, by Min Ye and Quan Li

Reviews

The essays combined in this thoughtfully organized volume provide some very insightful, theory-guided assessments of the global dimension of China’s economic statecraft. These analyses offer new insights into the dynamics underlying the country’s rise to global power status. This is a must read for IR specialists, practitioners, as well as scholars seeking a deeper understanding of the most recent transformations and reconfigurations of China’s political economy.
— Nele Noesselt, University of Duisburg-Essen