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Çin'in Proaktif Küresel Ekonomik Düzendeki Dönüşü Aşma Stratejisi: Kuşak ve Yol Girişimi'ni Küreselleşme ve Bölgeselleşme Trendleri Arasına Oturtmak

Year 2021, Volume: 5 Issue: 2, 96 - 104, 31.12.2021

Abstract

İlan edildiğinden bu yana Kuşak ve Yol Girişimi'nin siyasal-iktisat karakterinin nasıl tanımlanacağına dair bir tartışma süregelmekte. Bu makale Kuşak ve Yol Girişimi'nin küresel düzendeki değişen dinamiklere karşılık Çin'in kendi ulusal ve uluslararsı öncelikleri doğrultusunda geliştirdiği proaktif bir strateji olarak değerlendirilmesi gerektiğini önerir. Literatürdeki mevcut argümanları özetleyerek tarihsel bir perspektifin içine yerleştirir. Kuşak ve Yol Girişimi'nin Çin'in 2008 Finansal Krizi sonrası dünya ekonomisindeki küreselleşmeden bölgeselleşmeye doğru değişen trendi aşma projesi olduğunu savunur.

References

  • Alon, I., Zhang, W., & Lattemann, C. (2018). Introduction. In W. Zhang, I. Alon, & C. Lattemann (Eds.), China’s Belt and Road Initiative: Changing the Rules of Globalization (pp. 1–13). Springer International Publishing. https://doi.org/10.1007/978-3-319-75435-2_1
  • Andornino, G. B. (2017). The Belt and Road Initiative in China’s Emerging Grand Strategy of Connective Leadership. China and World Economy, 25(5), 4–22. https://doi.org/10.1111/cwe.12211
  • Aoyama, R. (2016). “One Belt, One Road”: China’s New Global Strategy. Journal of Contemporary East Asia Studies, 5(2), 3–22. https://doi.org/10.1080/24761028.2016.11869094
  • Baldwin, R., & Martin, P. (1999). Two Waves of Globalization: Superficial Similarities, Fundamental Differences. In Globalization and Labor (No. 6904). http://www.nber.org/papers/w6904
  • Cai, K. G. (2018). The One Belt One Road and the Asian Infrastructure Investment Bank: Beijing’s New Strategy of Geoeconomics and Geopolitics. Journal of Contemporary China, 27(114), 831–847. https://doi.org/10.1080/10670564.2018.1488101
  • Enderwick, P., & Buckley, P. J. (2020). Rising regionalization: will the post-COVID-19 world see a retreat from globalization? Transnational Corporations, 27(2), 99–112. https://doi.org/10.18356/8008753a-en
  • Ferguson, N., & Schularick, M. (2007). ‘Chimerica’ and the Global Asset Market Boom. International Finance, 10(3), 215–239. https://doi.org/10.1111/j.1468-2362.2007.00210.x
  • Gao, M. H. (2018). Globalization 5.0 Led by China: Powered by Positive Frames for BRI. In China’s Belt and Road Initiative: Changing the Rules of Globalization (pp. 321–335). Springer International Publishing. https://doi.org/10.1007/978-3-319-75435-2_17
  • Gul, S., Umer, S., & Malik, M. S. (2018). China’s Belt and Road Initiative (BRI): Debt Quagmire or a Ridge Rope for Struggling Economies. Global Economics Review, III(I), 62–70. https://doi.org/10.31703/ger.2018(III-I).07
  • He, Y. (2017). China’s new role in global governance: Shaping the emerging world order. China Quarterly of International Strategic Studies, 3(3), 341–355. https://doi.org/10.1142/S2377740017500221
  • Holslag, J. (2017). How China’s New Silk Road Threatens European Trade. The International Spectator, 52(1), 46–60. https://doi.org/10.1080/03932729.2017.1261517
  • Hui, Z., Qiangming, Y., & Li, N. (2021). BRI Infrastructure Development and Economic Growth. China Economist, 16(3), 26–61. https://doi.org/10.19602/j.chinaeconomist.2021.05.02
  • Jones, H. (2010). CHINAMERICA: The Uneasy Partnership that Will Change the World. McGrawHill.
  • KWAN, C. H. (2013). Trade Structure of China Becoming More Sophisticated: Changing complementary and competitive relationships with other countries. RIETI. https://www.rieti.go.jp/en/china/13060502.html
  • Liu, Q. (2020). China’s One Belt One Road Initiative—A Debt Trap? [University of Denver]. https://www.proquest.com/docview/2447505702?pq-origsite=gscholar&fromopenview=true
  • Liu, W., & Dunford, M. (2016). Inclusive globalization: unpacking China’s Belt and Road Initiative. Area Development and Policy, 1(3), 323–340. https://doi.org/10.1080/23792949.2016.1232598
  • Livesey, F. (2018). Unpacking the possibilities of deglobalisation. Cambridge Journal of Regions, Economy and Society, 11(1), 177–187. https://doi.org/10.1093/cjres/rsx030
  • Mehanna, R.-A. (2008). Globalization Versus Regionalization: And the Winner Is…. Journal of Transnational Management, 13(4), 287–317. https://doi.org/10.1080/15475770802574485
  • NDRC. (2015). Vision And Actions On Jointly Building Silk Road Economic Belt And 21st-Century Maritime Silk Road. Belt and Road Portal. https://eng.yidaiyilu.gov.cn/qwyw/qwfb/1084.htm
  • O’Sullivan, M. (2019). The Levelling: What’s Next After Globalization. PublicAffairs.
  • Pisani-Ferry, J. (2021). The End of Globalization as We Know It. Project Syndicate. https://www.project-syndicate.org/commentary/future-of-globalization-national-priorities-international-threats-by-jean-pisani-ferry-2021-06
  • Rajah, R. (2020). Roland Rajah (No. 1; Issue 2019). https://www.lowyinstitute.org/sites/default/files/East Asia%27s Decoupling_1.pdf
  • Rodrik, D. (2011). The Globalization Paradox: Democracy and the Future of the World Economy. W. W. Norton.
  • Rodrik, D. (2019). Globalization’s Wrong Turn and How it Hurt America. Foreign Affairs, 98(4).
  • Rolland, N. (2017). China’s “Belt and Road Initiative”: Underwhelming or Game-Changer? The Washington Quarterly, 40(1), 127–142. https://doi.org/10.1080/0163660X.2017.1302743
  • Sukar, A., & Ahmed, S. (2019). Rise of trade protectionism: the case of US-Sino trade war. Transnational Corporations Review, 11(4), 279–289. https://doi.org/10.1080/19186444.2019.1684133
  • Therborn, G. (2000). Globalizations: Dimensions, Historical Waves, Regional Effects, Normative Governance. International Sociology, 15(2), 151–179. https://doi.org/10.1177/0268580900015002002
  • Wade, R. H. (2004). Is globalization reducing poverty and inequality? World Development, 32(4), 567–589. https://doi.org/10.1016/j.worlddev.2003.10.007
  • Wang, Z., & Sun, Z. (2021). From Globalization to Regionalization: The United States, China, and the Post-Covid-19 World Economic Order. Journal of Chinese Political Science, 26(1), 69–87. https://doi.org/10.1007/s11366-020-09706-3
  • Wei, S.-J., & Frankel, J. A. (1996). Can regional blocs be a stepping stone to global free trade? a political economy analysis. International Review of Economics & Finance, 5(4), 339–347. https://doi.org/10.1016/S1059-0560(96)90021-0
  • Witt, M. A. (2019). De-globalization: Theories, predictions, and opportunities for international business research. Journal of International Business Studies, 50(7), 1053–1077. https://doi.org/10.1057/s41267-019-00219-7
  • World Bank. (2019). Belt and Road Economics: Opportunities and Risks of Transport Corridors. Washington, DC: World Bank. https://doi.org/10.1596/978-1-4648-1392-4
  • Yilmaz, S., & Li, B. (2020). The BRI-Led Globalization and Its Implications for East Asian Regionalization. Chinese Political Science Review, 5(3), 395–416. https://doi.org/10.1007/s41111-020-00145-2

China’s Proactive Strategy to Breach the Turn in Global Economic Order: Placing the Belt and Road Initiative in between Globalization and Regionalization Trends

Year 2021, Volume: 5 Issue: 2, 96 - 104, 31.12.2021

Abstract

Since the Belt and Road Initiative is introduced, there has been an ongoing controversy on how to define its politicaleconomic character. This paper suggests that the BRI should be considered as a proactive strategy of China in response to the changing dynamics in the global system, in accordance with China's particular domestic and international concerns. Utilizing the discussions on globalization and regionalization, it reviews different approaches on the BRI and narrates the relevant arguments in a wider perspective. It is claimed that the BRI is a breakthrough attempt of China to breach the changing trend from globalization towards regionalization in the world economy started after the 2008 Financial Crisis.

References

  • Alon, I., Zhang, W., & Lattemann, C. (2018). Introduction. In W. Zhang, I. Alon, & C. Lattemann (Eds.), China’s Belt and Road Initiative: Changing the Rules of Globalization (pp. 1–13). Springer International Publishing. https://doi.org/10.1007/978-3-319-75435-2_1
  • Andornino, G. B. (2017). The Belt and Road Initiative in China’s Emerging Grand Strategy of Connective Leadership. China and World Economy, 25(5), 4–22. https://doi.org/10.1111/cwe.12211
  • Aoyama, R. (2016). “One Belt, One Road”: China’s New Global Strategy. Journal of Contemporary East Asia Studies, 5(2), 3–22. https://doi.org/10.1080/24761028.2016.11869094
  • Baldwin, R., & Martin, P. (1999). Two Waves of Globalization: Superficial Similarities, Fundamental Differences. In Globalization and Labor (No. 6904). http://www.nber.org/papers/w6904
  • Cai, K. G. (2018). The One Belt One Road and the Asian Infrastructure Investment Bank: Beijing’s New Strategy of Geoeconomics and Geopolitics. Journal of Contemporary China, 27(114), 831–847. https://doi.org/10.1080/10670564.2018.1488101
  • Enderwick, P., & Buckley, P. J. (2020). Rising regionalization: will the post-COVID-19 world see a retreat from globalization? Transnational Corporations, 27(2), 99–112. https://doi.org/10.18356/8008753a-en
  • Ferguson, N., & Schularick, M. (2007). ‘Chimerica’ and the Global Asset Market Boom. International Finance, 10(3), 215–239. https://doi.org/10.1111/j.1468-2362.2007.00210.x
  • Gao, M. H. (2018). Globalization 5.0 Led by China: Powered by Positive Frames for BRI. In China’s Belt and Road Initiative: Changing the Rules of Globalization (pp. 321–335). Springer International Publishing. https://doi.org/10.1007/978-3-319-75435-2_17
  • Gul, S., Umer, S., & Malik, M. S. (2018). China’s Belt and Road Initiative (BRI): Debt Quagmire or a Ridge Rope for Struggling Economies. Global Economics Review, III(I), 62–70. https://doi.org/10.31703/ger.2018(III-I).07
  • He, Y. (2017). China’s new role in global governance: Shaping the emerging world order. China Quarterly of International Strategic Studies, 3(3), 341–355. https://doi.org/10.1142/S2377740017500221
  • Holslag, J. (2017). How China’s New Silk Road Threatens European Trade. The International Spectator, 52(1), 46–60. https://doi.org/10.1080/03932729.2017.1261517
  • Hui, Z., Qiangming, Y., & Li, N. (2021). BRI Infrastructure Development and Economic Growth. China Economist, 16(3), 26–61. https://doi.org/10.19602/j.chinaeconomist.2021.05.02
  • Jones, H. (2010). CHINAMERICA: The Uneasy Partnership that Will Change the World. McGrawHill.
  • KWAN, C. H. (2013). Trade Structure of China Becoming More Sophisticated: Changing complementary and competitive relationships with other countries. RIETI. https://www.rieti.go.jp/en/china/13060502.html
  • Liu, Q. (2020). China’s One Belt One Road Initiative—A Debt Trap? [University of Denver]. https://www.proquest.com/docview/2447505702?pq-origsite=gscholar&fromopenview=true
  • Liu, W., & Dunford, M. (2016). Inclusive globalization: unpacking China’s Belt and Road Initiative. Area Development and Policy, 1(3), 323–340. https://doi.org/10.1080/23792949.2016.1232598
  • Livesey, F. (2018). Unpacking the possibilities of deglobalisation. Cambridge Journal of Regions, Economy and Society, 11(1), 177–187. https://doi.org/10.1093/cjres/rsx030
  • Mehanna, R.-A. (2008). Globalization Versus Regionalization: And the Winner Is…. Journal of Transnational Management, 13(4), 287–317. https://doi.org/10.1080/15475770802574485
  • NDRC. (2015). Vision And Actions On Jointly Building Silk Road Economic Belt And 21st-Century Maritime Silk Road. Belt and Road Portal. https://eng.yidaiyilu.gov.cn/qwyw/qwfb/1084.htm
  • O’Sullivan, M. (2019). The Levelling: What’s Next After Globalization. PublicAffairs.
  • Pisani-Ferry, J. (2021). The End of Globalization as We Know It. Project Syndicate. https://www.project-syndicate.org/commentary/future-of-globalization-national-priorities-international-threats-by-jean-pisani-ferry-2021-06
  • Rajah, R. (2020). Roland Rajah (No. 1; Issue 2019). https://www.lowyinstitute.org/sites/default/files/East Asia%27s Decoupling_1.pdf
  • Rodrik, D. (2011). The Globalization Paradox: Democracy and the Future of the World Economy. W. W. Norton.
  • Rodrik, D. (2019). Globalization’s Wrong Turn and How it Hurt America. Foreign Affairs, 98(4).
  • Rolland, N. (2017). China’s “Belt and Road Initiative”: Underwhelming or Game-Changer? The Washington Quarterly, 40(1), 127–142. https://doi.org/10.1080/0163660X.2017.1302743
  • Sukar, A., & Ahmed, S. (2019). Rise of trade protectionism: the case of US-Sino trade war. Transnational Corporations Review, 11(4), 279–289. https://doi.org/10.1080/19186444.2019.1684133
  • Therborn, G. (2000). Globalizations: Dimensions, Historical Waves, Regional Effects, Normative Governance. International Sociology, 15(2), 151–179. https://doi.org/10.1177/0268580900015002002
  • Wade, R. H. (2004). Is globalization reducing poverty and inequality? World Development, 32(4), 567–589. https://doi.org/10.1016/j.worlddev.2003.10.007
  • Wang, Z., & Sun, Z. (2021). From Globalization to Regionalization: The United States, China, and the Post-Covid-19 World Economic Order. Journal of Chinese Political Science, 26(1), 69–87. https://doi.org/10.1007/s11366-020-09706-3
  • Wei, S.-J., & Frankel, J. A. (1996). Can regional blocs be a stepping stone to global free trade? a political economy analysis. International Review of Economics & Finance, 5(4), 339–347. https://doi.org/10.1016/S1059-0560(96)90021-0
  • Witt, M. A. (2019). De-globalization: Theories, predictions, and opportunities for international business research. Journal of International Business Studies, 50(7), 1053–1077. https://doi.org/10.1057/s41267-019-00219-7
  • World Bank. (2019). Belt and Road Economics: Opportunities and Risks of Transport Corridors. Washington, DC: World Bank. https://doi.org/10.1596/978-1-4648-1392-4
  • Yilmaz, S., & Li, B. (2020). The BRI-Led Globalization and Its Implications for East Asian Regionalization. Chinese Political Science Review, 5(3), 395–416. https://doi.org/10.1007/s41111-020-00145-2
There are 33 citations in total.

Details

Primary Language English
Subjects Economics, Political Science
Journal Section Articles
Authors

Sinan Caner Yamak 0000-0002-6753-3026

Publication Date December 31, 2021
Submission Date December 23, 2021
Published in Issue Year 2021 Volume: 5 Issue: 2

Cite

APA Yamak, S. C. (2021). China’s Proactive Strategy to Breach the Turn in Global Economic Order: Placing the Belt and Road Initiative in between Globalization and Regionalization Trends. Ulisa: Uluslararası Çalışmalar Dergisi, 5(2), 96-104.
AMA Yamak SC. China’s Proactive Strategy to Breach the Turn in Global Economic Order: Placing the Belt and Road Initiative in between Globalization and Regionalization Trends. Ulisa: Uluslararası Çalışmalar Dergisi. December 2021;5(2):96-104.
Chicago Yamak, Sinan Caner. “China’s Proactive Strategy to Breach the Turn in Global Economic Order: Placing the Belt and Road Initiative in Between Globalization and Regionalization Trends”. Ulisa: Uluslararası Çalışmalar Dergisi 5, no. 2 (December 2021): 96-104.
EndNote Yamak SC (December 1, 2021) China’s Proactive Strategy to Breach the Turn in Global Economic Order: Placing the Belt and Road Initiative in between Globalization and Regionalization Trends. Ulisa: Uluslararası Çalışmalar Dergisi 5 2 96–104.
IEEE S. C. Yamak, “China’s Proactive Strategy to Breach the Turn in Global Economic Order: Placing the Belt and Road Initiative in between Globalization and Regionalization Trends”, Ulisa: Uluslararası Çalışmalar Dergisi, vol. 5, no. 2, pp. 96–104, 2021.
ISNAD Yamak, Sinan Caner. “China’s Proactive Strategy to Breach the Turn in Global Economic Order: Placing the Belt and Road Initiative in Between Globalization and Regionalization Trends”. Ulisa: Uluslararası Çalışmalar Dergisi 5/2 (December 2021), 96-104.
JAMA Yamak SC. China’s Proactive Strategy to Breach the Turn in Global Economic Order: Placing the Belt and Road Initiative in between Globalization and Regionalization Trends. Ulisa: Uluslararası Çalışmalar Dergisi. 2021;5:96–104.
MLA Yamak, Sinan Caner. “China’s Proactive Strategy to Breach the Turn in Global Economic Order: Placing the Belt and Road Initiative in Between Globalization and Regionalization Trends”. Ulisa: Uluslararası Çalışmalar Dergisi, vol. 5, no. 2, 2021, pp. 96-104.
Vancouver Yamak SC. China’s Proactive Strategy to Breach the Turn in Global Economic Order: Placing the Belt and Road Initiative in between Globalization and Regionalization Trends. Ulisa: Uluslararası Çalışmalar Dergisi. 2021;5(2):96-104.
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