TY - JOUR
T1 - One belt, one road : China's strategy for a new global financial order
AU - SIT, Tsui
AU - WONG, Erebus
AU - LAU, Kin Chi
AU - WEN, Tiejun
PY - 2017/1/4
Y1 - 2017/1/4
N2 - In late 2013, Chinese premier Xi Jinping announced a pair of new development and trade initiatives for China and the surrounding region: the "Silk Road Economic Belt" and the "Twenty-First-Century Maritime Silk Road," together known as One Belt, One Road (OBOR). Along with the Asian Infrastructure Investment Bank (AIIB), the OBOR policies represent an ambitious spatial expansion of Chinese state capitalism, driven by an excess of industrial production capacity, as well as by emerging financial capital interests. The Chinese government has publicly stressed the lessons of the 1930s overcapacity crisis in the West that precipitated the Second World War, and promoted these new initiatives in the name of "peaceful development." Nevertheless, the turn to OBOR suggests a regional scenario broadly similar to that in Europe between the end of the nineteenth century and the years before the First World War, when strong nations jostled one another for industrial and military dominance.
AB - In late 2013, Chinese premier Xi Jinping announced a pair of new development and trade initiatives for China and the surrounding region: the "Silk Road Economic Belt" and the "Twenty-First-Century Maritime Silk Road," together known as One Belt, One Road (OBOR). Along with the Asian Infrastructure Investment Bank (AIIB), the OBOR policies represent an ambitious spatial expansion of Chinese state capitalism, driven by an excess of industrial production capacity, as well as by emerging financial capital interests. The Chinese government has publicly stressed the lessons of the 1930s overcapacity crisis in the West that precipitated the Second World War, and promoted these new initiatives in the name of "peaceful development." Nevertheless, the turn to OBOR suggests a regional scenario broadly similar to that in Europe between the end of the nineteenth century and the years before the First World War, when strong nations jostled one another for industrial and military dominance.
KW - Economic Theory
KW - Imperialism
KW - Political Economy
UR - http://commons.ln.edu.hk/sw_master/6425
UR - https://www.scopus.com/inward/record.uri?eid=2-s2.0-85014185105&doi=10.14452%2fMR-068-08-2017-01_4&partnerID=40&md5=60fe6004a065f1677c57ac1245410618
U2 - 10.14452/MR-068-08-2017-01_4
DO - 10.14452/MR-068-08-2017-01_4
M3 - Journal Article (refereed)
VL - 68
SP - 36
EP - 45
JO - Monthly Review
JF - Monthly Review
SN - 0027-0520
IS - 8
ER -