Explaining Foreign Interest in China's Global Leadership

64 Pages Posted: 14 Mar 2018 Last revised: 4 Dec 2018

See all articles by J. Lawrence Broz

J. Lawrence Broz

University of California, San Diego (UCSD) - Department of Political Science

Zhiwen Zhang

Sun Yat-sen University-School of International Relations

Gaoyang Wang

Sun Yat-Sen University (SYSU)

Date Written: November 28, 2018

Abstract

Global leadership requires followers. We analyze the factors that increase the likelihood that foreign leaders will demonstrate interest in China’s global economic leadership. We develop a new behavioral measure of foreign interest in China’s global economic leadership and use it to test the argument that foreign interest stems, in part, from dissatisfaction with the international status quo. While we find evidence that foreign leaders are pulled toward China by the benefits of closer economic relations, we also find that grievances with the current U.S.-led order have also helped push foreign leaders closer to China. Grievances about global financial instability are particularly important push factors. Specifically, we find that countries that have experienced more financial crises, more volatile portfolio capital inflows, and more variable capital account policies are more likely to demonstrate interest in China’s global leadership than leaders of nations that have been less exposed to these problems. We also find that grievances about discriminatory U.S. trade policy are related to foreign interest in China’s global leadership, but that grievances about global governance are not.

Suggested Citation

Broz, J. Lawrence and Zhang, Zhiwen and Wang, Gaoyang, Explaining Foreign Interest in China's Global Leadership (November 28, 2018). Available at SSRN: https://ssrn.com/abstract=3138278 or http://dx.doi.org/10.2139/ssrn.3138278

J. Lawrence Broz (Contact Author)

University of California, San Diego (UCSD) - Department of Political Science ( email )

9500 Gilman Drive
Code 0521
La Jolla, CA 92093-0521
United States

HOME PAGE: http://pages.ucsd.edu/~jlbroz/

Zhiwen Zhang

Sun Yat-sen University-School of International Relations ( email )

Guangzhou, Guangdong
China

Gaoyang Wang

Sun Yat-Sen University (SYSU) ( email )

Guangzhou, Guangdong
China

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