The New Development Bank and the Asian Infrastructure Investment Bank: China's Ambiguous Approach to Global Financial Governance

The creation of the New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB) has generated a great deal of attention and controversy in the development community and beyond. Do these banks indicate that China is promoting a new model of multilateral development finance that undermines the existing system dating back to Bretton Woods? What are the forces shaping China's policy choices in this area? In contrast to the prevailing tendency to view these banks as part and parcel of the same challenge or opportunity for multilateral development financing, this article highlights major distinctions between the NDB and the AIIB. The fact that China is playing a prominent role in both the NDB and the AIIB suggests that China is not promoting a coherent new model of multilateral development financing, but is instead straddling different traditions in this realm of global financial governance. The ambiguity in China's approach to multilateral development finance is shaped by its multiple identities and complex economic and political interests.     

Globalizing China: The Rise of Mainland Firms in the Global Economy

Two economic geographers survey the changing trends of China's outward foreign direct investment. Based on materials derived from original field work as well as published studies, they shed light on the major mechanisms through which mainland China's leading firms have successfully ventured abroad, as evidenced by proposed or realized acquisitions of significant corporate entities in the United States, Africa, Europe, and elsewhere in Asia. The authors argue for a political-economy approach to understanding "globalizing China," a complex phenomenon whereby the Chinese state is strategically and intricately enmeshed with the corporate interests of its leading business firms. Journal of Economic Literature, Classification Numbers: F23, L21, L22, M16. 3 figures, 3 tables, 128 references.     

Explaining the Rise of Rural Governance in Europe

This paper develops a new institutional economics account of the broad issues of governance in European rural development. It is argued that rural governance is determined by rural development stakeholders' property rights which in turn reflect their interests in rural development. On this basis, rural governance is explained in terms of the property rights structures reflecting the growing commonness of interests of rural development stakeholders.     

Global Governance: Poorly done and Poorly Understood

A set of ethical issues—tensions between democratization and globalization, about some ways in which the global inequalities have increased, and about gross failures of contemporary international cooperation—provide reason to consider our understanding of global governance and the political forces organized to support or transform it. Many scholars agree on the existence of a global polity characterized by the dominance of neo-liberalism, the growing network of both public and private regimes that extend across the world's largest regions, the system of global intergovernmental organizations, and transnational organizations both carrying out some of the traditional service functions of global public agencies and working to create regimes and new systems of international integration. Scholars who emphasize the historically contingent social construction of human institutions and who focus on the transformative potential of transnational social movements have provided the greatest insight into what can be done to confront the ethical issues raised by contemporary global governance. Almost all analysts agree that the current great powers cannot be relied upon to facilitate progressive change, although that is only one reason why global governance is likely to remain inefficient and incapable of shifting resources from the world's rich to the poor, even though it may continue to play a role in promoting liberal democracy and the empowering of women.     

The Permeability of the Middle East: The Predicament of Regional and Global Forces: a Review Easy

Book reviewed in this article: Persistent Permeability? regionalism, localism, and globalization in the Middle East: by Bassel F. Salloukh and Rex Brynen, eds. A History of the Modern Middle East: by William L. Cleveland Middle East at the Crossroads: the Changing Political Dynamics and the Foreign Policy Challenges: by Manochehr Dorraj, ed. Conflict and Peace in the Middle East: National Perceptions and United States‐Jordan Relations: by Hatem Shareef Abu‐Lebdeh Nation‐Building: A Middle East Recovery Program: by Jerry M. Rosenberg     

Economic Globalization and Institutions of Global Governance

Economic globalization is reducing the significance of state boundaries. We have a global economy but lack the institutions necessary for a global polity. Unilateral action by a would–be hegemon is untenable in the long term and hence there is a need to discuss our institutions of global governance. The benefits and costs of globalization have been distributed asymmetrically, placing poor people in poor countries at a disadvantage, especially as regards the free movement of low–skilled labour and the creation of intellectual property rights. The World Trade Organization, a target of the critics of globalization, should be seen as a welcome extension of the rule of law to the international arena and a counterweight to unilateralism. More generally, global economic liberalism should be balanced by institutions which provide global public goods and international mechanisms to finance them. All of this implies a further weakening of state sovereignty and a need to ensure that global institutions are democratic and can be held accountable to people worldwide for their performance.     

The Sociopolitics of Archaeology in Quebec: Regional Developments within Global Trends

In the 1960s, archaeology was a newcomer to Quebec’s cultural francophone scene, and commercial archaeology made its first appearance at the end of the 1970s. Today, in a context of global chronic economic crisis, we intend to examine the effects of provincial and federal ideological and economic trends on the praxis of archaeology in Quebec. These include a progressive deregulation of the public sector by weakening the institutions through the termination of archaeological posts or/and non-replacement of retired archaeologists, and a progressive disengagement of the public sector through conditional regulation, accompanied by a lax attitude towards entrepreneurs, and stickler regulations for archaeologists. We present a series of current issues and examples in Quebec archaeology which illustrate these trends, in particular two case studies occurring in Montreal and Northern Quebec, respectively.     

Global Environmental Governance and the Challenge of Shadow States: The Impact of Illicit Sapphire Mining in Madagascar

The environment has become a key site of global governance because of its transboundary nature: forests, wildlife and oceans have all become central foci for networks of global governance which link international organizations, international financial institutions, states and non‐governmental organizations. This article examines how contemporary forms of global governance can be challenged and even subverted. It uses the concept of shadow states introduced by William Reno to explore how invisible global networks flow through developing states, to show how they constitute important political and economic interest groups, and to assess what kinds of environmental impact they have. It explores how powerful these networks are, and whether they are able to challenge or subvert attempts to manage, control or govern the environment. The author provides an analysis of the ways in which the clandestine networks of shadow states impact on conservation initiatives in the developing world, focusing on the features of global environmental governance and the problems posed by illicit gem mining and trafficking in Madagascar.     

日本金融体系及企业治理机制的转型

高度经济增长时期日本形成了银行中心的金融体系及企业治理机制。本文依据金融体系设计和构筑的经济学理论,对日本金融体系及企业治理机制需要转型的理由加以分析。基本结论是日本的银行中心金融体系已经劣化,需要向市场中心的金融体系转型。本文还分析了金融体系及企业治理机制转型的动向及存在的问题。     

Regional Foresight,Modes of Governance and Democracy

The aim of this article is to discuss democratic potentials and pitfalls inherent in the use of Foresight methodologies, especially on the regional level. Foresight is used on the regional level as a tool for developing common visions about the future, strengthening the cohesion between regional actors and enabling coordinated action towards common goals. Based on broad participation, foresight represents a departure from expert-based scenario building and planning. The emphasis on building common goals and achieving coordinated action makes it feasible to conceptualize foresight processes as instances of governance. Based on a discussion on generalized modes of governance, a contention is made to the effect that foresight processes most closely resemble network governance as a general mode. With this point of departure, the paper uses arguments from the debate on democratic network governance to substantiate the discussion on the democratic aspects of foresight.     

International Regimes and Democratic Governance: Political Equality and Influence in Global Institutions

Proponents of cosmopolitan democracy rely primarily on institutional design to make their case for the feasibility of democratic governance at this level. Another strategy seems more plausible: proposing a 'non-ideal' theory in Rawls's sense that examines the social forces and conditions currently promoting democracy at the international level. The strongest forces operating now are various transnational associations that help to produce and monitor regime formation and compliance. Such a highly decentralized form of governance suggests that democratization is thereby promoted by a dense network of associations in international civil society, a global public sphere, and responsive political organizations. However much these forces disperse power through the normative principle of equal access to political influence, they could also fall well short of realizing desirable ideals such as free and open deliberation. In order not to devolve into an interest group pluralism, the decentralized strategy requires that a richer democracy be realized through the legal institutionalization of free and equal access to the global public sphere.     

Economic Globalization and Institutions of Global Governance: Comments and Debate (I)

Reading Keith Griffin is like listening to a Frenchman presenting his ideas in three parts and ten minutes. It is clear, brilliant, and a delight for the ear, but once it is over you scratch your head and wonder what exactly the meaning of it all was. In the recent article by Griffin published in this journal ( Griffin, 2003 ), there were two instances where I scratched my head. The first instance was when he pleaded in favour of mobility of the factor labour, not only of labour in general, but of unskilled labour in particular in order to reduce global income inequalities. The second instance occurred when he argued in favour of a compulsory tax and transfer mechanism in replacement of the old‐style foreign aid that is ‘nearly obsolete’.     

金融危机对青海地方税收的影响及对策

由美国次贷危机引发的全球金融危机,给我国经济发展带来了一定影响,进而对地方税收也产生了较大影响。本文结合青海实际,首先分析了金融危机背景下青海地方税收呈现的主要特点;进而从不同角度深入分析了影响青海地方税收增减的主要因素;最后提出了金融危机背景下促进青海地方税收增长的路径选择等。     

Social Reconstruction and the Radicalization of Development: Aid as a Relation of Global Liberal Governance

That democratic societies do not fall into conflict has become an axiom of contemporary international relations. Liberal societies, however, do not properly exist along the troubled margins of the global order. This absence has lent urgency to present efforts at social reconstruction. Whereas a couple of decades ago the principle of non–interference prevailed, this unfinished business has shaped a new will to intervene and transform societies as a whole. This article critically analyses the international will to govern through three interconnected themes. First, it examines accepted views on the nature of the new wars. These representations usually portray conflict as a form of social regression stemming from the failure of modernity. As such, they provide a moral justification for intervention. Second, an alternative view of the new wars — as a form of resistant and reflexive modernity — is developed. Made possible by the opportunities created by globalization, this resistance assumes the organizational form of network war. The essay concludes with an examination of the encounter between the international will to govern and the resistance of reflexive modernity. This encounter is the site of the post–Cold War reuniting of aid and politics. One important consequence has been the radicalization of development and its reinvention as a strategic tool of conflict resolution and social reconstruction. The use of aid as a tool of global liberal governance is fraught with difficulty; not least, the equivocal and contested nature of its influence. Rather than reconsideration, however, policy failure tends to result in a fresh round of reinvention and reform. The increasing normalization of violence is but one effect.     

Global Markets, Local Home-working: Governance and Inter-firm Relationships in the Balinese Clothing Industry

Abstract: Within the industrialization process of the Indonesian economy, the manufacture of clothing has played a significant role. Besides Java, Bali has the second highest agglomeration of industrial activities within this sector. However, in contrast to Javanese clothing firms, which have a strong emphasis on Western-styled clothing, Balinese clothing firms focus on the manufacture of Batik and embroidery products. Based on the commodity chain debate, I will show in this paper how Balinese clothing industry is organized into and governed within the global and local economy. This aims in particular to unravel how these types of garments (Batik and embroidery) can shape and reshape buyer relations. The analysis will also include a discussion of aspects, such as product development and raw material procurement. Furthermore, since Balinese clothing companies organize their production activities within extensive networks of rural home industries, the driving forces behind these specific network co-ordinations will be explored.