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Richard W. Carney - China's Chance to Lead, Häftad

Häftad, Engelska, 2023

Del i serien Business and Public Policy

China's Chance to Lead

Acquiring Global Influence via Infrastructure Development and Digitalization

Av Richard W. Carney

679 kr

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Beskrivning
How is China acquiring global influence? Rather than focusing exclusively on China's interests, this book considers a vital but overlooked feature - the interests of recipient countries. Richard W. Carney argues that countries in which political leaders rely more heavily on clientelism coupled with greater control over the corporate sector have a higher demand for Chinese infrastructure spending. Through a combination of statistical analyses and case studies, Carney shows that electoral autocracies (in contrast to closed autocracies, electoral democracies, and liberal democracies) display these features most prominently and are the most avid recipients. This in turn contributes to elevated levels of Chinese digital technologies imports which facilitates the spread of Chinese technical standards, enabling China to create the scale to assert its dominance over the emerging digital economy. Electoral autocracies are the most prevalent type of regime, and are therefore essential partners to China's global ambitions.
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Richard W. Carney has lived and worked in China since 2017. He has extensive experience teaching both Chinese and global executives, as well as policymakers from across the Asia Pacific. An advisor to the World Bank for its flagship project Businesses of the State, Carney is the author of Authoritarian Capitalism (Cambridge, 2018) which won the Masayoshi Ohira Memorial Prize.

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'Why do some countries receive Chinese investments directed towards infrastructure while others do not? In this informative, well-argued and richly documented book, Richard Carney moves beyond stale, outdated explanations that ignore the nuances associated with both infrastructure investment and autocratic rule. Carney argues that China seeks to own and control infrastructure projects in electoral autocracies such as Malaysia due to basic incentive compatibility: their rulers must compete in frequent, albeit rigged, elections, and thus welcome clientelistic spending because of, not despite, its inefficiencies and opaqueness. Perhaps the most important contribution is Carney's ample documentation of China's efforts to dominate standard setting around digital technologies associated with the unfolding Fourth Industrial Revolution. The stakes could not be higher.' Victor Menaldo, Professor, University of Washington and Co-founder and co-director of the UW Political Economy Forum

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