Selective Reshaping: China’s Paradigm Shift in International Economic Governance

Journal of International Economic Law, Volume 23, Issue 3, Forthcoming

23 Pages Posted: 16 Apr 2020

See all articles by Heng Wang

Heng Wang

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

Date Written: January 13, 2020

Abstract

Differing from a selective adaptation approach towards external norms in its accession to the World Trade Organization, China plays an increasingly proactive role on the international stage, with the Belt and Road Initiative at the center of these activities. How can we understand this new approach by China towards international economic governance? What is responsible for China’s shifting approach, and what are the implications of this shift? The paper presents selective reshaping as a new theoretical framework, and argues first that China is shifting towards the selective reshaping of institutions and rules within the global economic order. Second, perception and conception, complementarity and legitimacy are influencing components that affect selective reshaping, and which manifest substantially differently in this context, when compared with selective adaptation. Third, selective reshaping is likely to transform the institutions and rules within the international economic order, which has profound implications.

Keywords: The Belt and Road Initiative, Selective Reshaping, Selective Adaptation, China, Trade, Investment, Perception, Conception, Complementarity, Legitimacy

Suggested Citation

Wang, Heng, Selective Reshaping: China’s Paradigm Shift in International Economic Governance (January 13, 2020). Journal of International Economic Law, Volume 23, Issue 3, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3559179

Heng Wang (Contact Author)

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

Kensington, New South Wales 2052
Australia
+61 2 9385 9472 (Phone)

HOME PAGE: http://www.law.unsw.edu.au/profile/heng-wang

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
93
Abstract Views
310
rank
311,105
PlumX Metrics