The globalisation of China's financial capital: How China's growing financial clout is affecting the global political economy. (4th October 2010)

• Record Type: Journal Article
• Authors: Schortgen, Francis
• Is Part Of: International journal of business and emerging markets. Volume 2:Number 4(2010)
• Page Start: 335
• Page End: 351
• Publication Date: 2010-10-04
• Subjects: business -- China -- emerging markets -- financial capital -- wealth distribution -- power distribution -- emerging markets -- globalisation -- competition -- cooperation -- global political economy -- coordination; International business enterprises -- Developing countries -- Periodicals; Investments -- Developing countries -- Periodicals; Globalization -- Economic aspects -- Periodicals; 338.888172405
• Languages: English
• ISSNs: 1753-6219

Abstract

This paper aims to critically evaluate the significance of the unfolding globalisation of Chinese financial capital, for both China and the world. Specifically, it will juxtapose a general assessment of Chinese motivations and objectives to preconceptions of and reactions to China's financial globalisation. To date, efforts to understand the dynamics behind and implications of China's financial globalisation remain significantly burdened by misperceptions and misrepresentations. This paper argues that while China's economic and financial globalisation is seen as ushering in a new global dynamic, it need not (and should not) necessarily come at the expense of possible cooperation and coordination.