The Rise of China and its Impact on International Economic Governance

17 Pages Posted: 21 Jul 2013

See all articles by Ross P. Buckley

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law

Date Written: July 16, 2013

Abstract

For two decades, China has adroitly used the international economic system to support and further its own ends, without seeking to shape the system. This is now changing, with China arguing against the continued use of the US dollar as the global reserve currency. Yet if China is going to gain the influence it now seeks, it needs to be able to bring Japan, Korea and the region along with it. The obstacle to the development of this unity is security concerns. China needs to return to its traditional use of soft power in the region, and eschew its recent resort to threats backed by hard power to resolve territorial issues, if the region is ever going to be able to speak with a unified voice and thereby shape the global financial system.

Suggested Citation

Buckley, Ross P., The Rise of China and its Impact on International Economic Governance (July 16, 2013). UNSW Law Research Paper No. 2013-45. Available at SSRN: https://ssrn.com/abstract=2296016

Ross P. Buckley (Contact Author)

University of New South Wales (UNSW) - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia

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