China and the Global Economic Order

China and the Global Economic Order details China's transformation from a “rules taker” within the Bretton Woods system to a “rules maker” who's now reshaping the international development finance architecture.

It explores the country's growing role in the IMF and World Bank and its creation of new institutions like the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB).

The book examines what this means for developing nations navigating between Western and Chinese-led finance.

It addresses China's rise inside global finance and building alternatives such as creating the AIIB and NDB. It delves into two-way countervailing power – leveraging inside–outside influence, green finance and next practices – raising the bar on development norms, debt and diplomacy – how China handles restructuring, institutional layering – shaping without dismantling, Washington's Dilemma – anxiety over losing control, the Global South's New Agency – more options, more leverage, and a new multilateral moment – uncertain future for global governance.