International Journal of Social Science & Economic Research
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Title:
UNDERSTANDING CHINESE STRATEGIES IN GLOBAL ECONOMIC GOVERNANCE

Authors:
Vishal Sagar

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Vishal Sagar
Doctoral Candidate, International Organization Division (ORG), Centre For International Politics, Organization and Disarmament (CIPOD), School of International Studies (SIS), Jawaharlal Nehru University (JNU), New Delhi, India

MLA 8
Sagar, Vishal. "UNDERSTANDING CHINESE STRATEGIES IN GLOBAL ECONOMIC GOVERNANCE." Int. j. of Social Science and Economic Research, vol. 3, no. 6, June 2018, pp. 2530-2549, ijsser.org/more2018.php?id=173. Accessed 2018.
APA
Sagar, V. (2018, June). UNDERSTANDING CHINESE STRATEGIES IN GLOBAL ECONOMIC GOVERNANCE. Int. j. of Social Science and Economic Research, 3(6), 2530-2549. Retrieved from ijsser.org/more2018.php?id=173
Chicago
Sagar, Vishal. "UNDERSTANDING CHINESE STRATEGIES IN GLOBAL ECONOMIC GOVERNANCE." Int. j. of Social Science and Economic Research 3, no. 6 (June 2018), 2530-2549. Accessed , 2018. ijsser.org/more2018.php?id=173.

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Abstract:
China's impressive economic transformation in past few decades and the parallel advancement in military capability has spilled into a moment where it is ready for the next leap forward. This next level constitutes constructing parallel institutional paraphernalia to counter the hegemony of the West centered International Financial institutions (IFIs) especially International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB). A lot has been written about the causes and implications (both regional and global) of China's rise in the global economic affairs, however, this paper touches upon the 'strategies' that China is adopting to attain its goal of 'pluralizing' the sphere of global economic governance. It should be noted that China is not behaving like a cynic who rejects the existing framework and proposes an alternative to it, rather it is carefully engaging with the existing system but also creating its own by seizing the right moment. The paper argues that China is likely to follow an opportunist approach which would be visible during at least under two circumstances- first, when the West is under crisis and second, when the Rest (developing-emerging world) is dissatisfied with the West.