Is the US losing its economic authority to China, whose global economic identity is being determined more by entrepreneurial spirit than developmental principle? Through the exercise of soft power and hard currency in some areas of the global economy, China has clear national interest in the protection of intellectual property rights, financial integration and sovereign wealth funds. China’s Belt and Road Initiative and the Asian Infrastructure Investment Bank will set new standard to global economic development.
Cheung, G. C. (2018). China in the Global Political Economy: From Developmental to Entrepreneurial. (New ed.). Edward Elgar Publishing. https://doi.org/10.4337/9781784714918