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Tangled Governance: International Regime Complexity, the Troika, and the Euro Crisis
- Publisher
- Wiley
- Copyright
- Copyright © 2021 University of Durham and John Wiley & Sons, Ltd
- ISSN
- 1758-5880
- eISSN
- 1758-5899
- DOI
- 10.1111/1758-5899.12935
- Publisher site
- See Article on Publisher Site
Abstract
This paper examines China’s involvement in the governance of international development finance (IDF), analyzes its approach to the IDF regime complex, and explains its strategic policy incoherence. It shows that in recent decades China has actively engaged with the elemental IDF regimes at multiple levels – global, regional, cross‐regional, subregional, and bilateral. It argues that the Chinese government has been strategically incoherent in its policy toward IDF governance, lending support to competing models and norms. China’s ‘forum linking’ strategy with regard to multilateral development banks has enhanced international cooperation while its unconventional bilateral development assistance programs have facilitated ‘forum shopping’ by the recipient countries, thus undermining the traditional IDF framework. There are multiple sources of China’s strategic policy incoherence. Besides the country’s multiple identities and complex interests, this paper highlights the impact of the fragmented nature of the regime complex and Chinese perception of this fragmentation.
Journal
Global Policy – Wiley
Published: May 1, 2021