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China and the Global Economic Order

A Discreet Yet Undeniable Contestation
Françoise Nicolas
Translated by David Buchanan
p. 7-14

Abstract

Having long remained a passive presence within multilateral economic organisations, China recently changed its stance when the United States was faced with a major financial crisis. The present article re-examines China’s recent initiatives in matters of global economic governance from a long-term perspective. From this analysis it will emerge that in parallel with its economic takeoff, China has progressively shifted from a stance in favour of the global economic order – as defined and imposed following the Second World War – to a simple reformist approach that did not fundamentally challenge the established order, and then more recently to an increasingly overt revisionist approach, accompanied by the establishment of new institutions under Chinese influence. That being said, while China’s strategy is becoming more offensive, it remains fundamentally experimental in nature and the end goal remains unclear. Under the current conditions, it is far from certain that we are heading for a new global economic order where China rules supreme.

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References

Bibliographical reference

Françoise Nicolas, « China and the Global Economic Order », China Perspectives, 2016/2 | 2016, 7-14.

Electronic reference

Françoise Nicolas, « China and the Global Economic Order », China Perspectives [Online], 2016/2 | 2016, Online since 01 June 2016, connection on 23 July 2017. URL : http://chinaperspectives.revues.org/6960

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About the author

Françoise Nicolas

Françoise Nicolas is director of the Centre for Asian Studies at the Institut français des relations internationales (IFRI, French Institute of International Relations), Paris. IFRI, 27 rue de la Procession, 75015 Paris (nicolas@ifri.org).

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