China, the European Union and the restructuring of global - download pdf or read online

By Jan Wouters, Tanguy de Wilde, Pierre Defraigne, Jean-Christophe Defraigne, Jan Wouters, Tanguy de Wilde, Pierre Defraigne, Jean-Christophe Defraigne

ISBN-10: 1781004269

ISBN-13: 9781781004265

ISBN-10: 1781004277

ISBN-13: 9781781004272

China, the eu Union and international Governance examines the foremost determinants of eu and chinese language ways to the restructuring of worldwide governance structures.

Using a multidisciplinary technique, this choice of chapters analyzes 4 certain fields which are key for either China and the ecu and within the improvement in their relatives and destiny cooperation: the worldwide buying and selling procedure, the overseas financial approach, weather and effort coverage and foreign defense. within the context of China's becoming position in worldwide governance and of EU-China cooperation, those contributions emphasize recommendations, clients and pursuits of either actors. They define attainable avenues for an greater partnership in mild of the altering worldwide order, which means a rethinking of the present multilateral buildings.

This interdisciplinary research will attract researchers and students drawn to worldwide governance, ecu overseas coverage, chinese language overseas coverage, ecu China kinfolk, in addition to alternate, the overseas economic system and weather switch guidelines. Postgraduate scholars in diplomacy, overseas political financial system, ecu stories and chinese language reports, in addition to policymakers within the components of exterior family members and EU-China kin, also will locate a lot to curiosity them during this e-book.

Contributors: M. Aglietta, E. Atanassova-Cornelis, D. Belis, Q. Bo, H. Bruyninckx, B. Buijs, M. Burnay, P.-f. Chang, J. Chen, R.N. Cooper, H. Cuyckens, J.-C. Defraigne, P. Defraigne, T. de Wilde d'Estmael, J.P. Panda, S. Plasschaert, S. Schunz, B. Snoy, L. van Geuns, X. Wang, Y. Wang, J. Wouters, C.-H. Wu

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This exceptional level of investment is made possible by the exceptionally high savings rate in China, both by households and enterprises (above 50 per cent of the GDP in 2008), and by cheap access to capital due to the state-backed financial system (Rocca, 2010; Defraigne, 2009). Such fast, investment-led growth generates a serious imbalance in the Chinese economy. The high savings level is the corollary of low domestic consumption which encourages export-led growth and a high dependency on overseas markets to which access can never be fully secured.

Before the Industrial Revolution, Chinese merchants had developed ties across South East Asia and by the fifteenth century Chinese explorations had reached the Persian Gulf and the Eastern coast of Africa. In terms of transport, seafaring and military technology, the Chinese were far more advanced than their Western counterparts but it had no direct consequences on the economic development of Europe. The world economy was still fragmented into separate world-systems with little interdependency (Braudel, 1985: 43–7).

The imperial system was anxious that the importation of cultural, religious and philosophical concepts could undermine the authority of the state. The fast economic rise of the long-distance merchants gave them a new influence in Chinese society which could have jeopardised the Mandarin hierarchical system. The imperial system suppressed this potential threat to its stability, which it did not need to survive. By having checked the rise of a merchant bourgeoisie, the imperial system gained three centuries of stability.

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China, the European Union and the restructuring of global governance by Jan Wouters, Tanguy de Wilde, Pierre Defraigne, Jean-Christophe Defraigne, Jan Wouters, Tanguy de Wilde, Pierre Defraigne, Jean-Christophe Defraigne

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