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Covid-19, China and the future of global development

Tensions between the United States and China have been escalating in recent years, and the Covid-19 pandemic has intensified their competition. If sustained, China's more effective public health response and economic restart will burnish its leadership credentials in the field of global develop...

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Detalles Bibliográficos
Autores principales: Schindler, Seth, Jepson, Nicholas, Cui, Wenxing
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Published by Elsevier Ltd. 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7402238/
http://dx.doi.org/10.1016/j.resglo.2020.100020
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author Schindler, Seth
Jepson, Nicholas
Cui, Wenxing
author_facet Schindler, Seth
Jepson, Nicholas
Cui, Wenxing
author_sort Schindler, Seth
collection PubMed
description Tensions between the United States and China have been escalating in recent years, and the Covid-19 pandemic has intensified their competition. If sustained, China's more effective public health response and economic restart will burnish its leadership credentials in the field of global development. This article lays out the origins and distinctive features of China's development policies and vision, and argues that in a post-Covid world these may constitute an appealing alternative to the US-led development paradigm for many developing countries. We contrast the universalism and rigidity of contemporary development orthodoxy with China's emphasis on bilateral and pragmatic forms of development cooperation borne out of its domestic experience. While Chinese development assistance and loans enhance its soft power, partner countries are offered significant autonomy and flexibility. We conclude by outlining three factors which may impact the future of Chinese leadership in the field of global development; a reconciliation of global financial governance and China's development lending, the outcome of the upcoming American presidential election and domestic discontent within China over the Belt and Road Initiative.
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spelling pubmed-74022382020-08-05 Covid-19, China and the future of global development Schindler, Seth Jepson, Nicholas Cui, Wenxing Research in Globalization Article Tensions between the United States and China have been escalating in recent years, and the Covid-19 pandemic has intensified their competition. If sustained, China's more effective public health response and economic restart will burnish its leadership credentials in the field of global development. This article lays out the origins and distinctive features of China's development policies and vision, and argues that in a post-Covid world these may constitute an appealing alternative to the US-led development paradigm for many developing countries. We contrast the universalism and rigidity of contemporary development orthodoxy with China's emphasis on bilateral and pragmatic forms of development cooperation borne out of its domestic experience. While Chinese development assistance and loans enhance its soft power, partner countries are offered significant autonomy and flexibility. We conclude by outlining three factors which may impact the future of Chinese leadership in the field of global development; a reconciliation of global financial governance and China's development lending, the outcome of the upcoming American presidential election and domestic discontent within China over the Belt and Road Initiative. Published by Elsevier Ltd. 2020-12 2020-08-04 /pmc/articles/PMC7402238/ http://dx.doi.org/10.1016/j.resglo.2020.100020 Text en © 2020 Published by Elsevier Ltd. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Schindler, Seth
Jepson, Nicholas
Cui, Wenxing
Covid-19, China and the future of global development
title Covid-19, China and the future of global development
title_full Covid-19, China and the future of global development
title_fullStr Covid-19, China and the future of global development
title_full_unstemmed Covid-19, China and the future of global development
title_short Covid-19, China and the future of global development
title_sort covid-19, china and the future of global development
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7402238/
http://dx.doi.org/10.1016/j.resglo.2020.100020
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