{"title":"新亚洲发展金融","authors":"Karin Costa Vazquez, Yu Zheng","doi":"10.19088/1968-2021.119","DOIUrl":null,"url":null,"abstract":"The recent challenges posed for multilateralism and the emergence of a sustainable development regime have pushed countries to engage in more flexible, issue-based development finance initiatives and institutions. These changes have profoundly impacted how China conceives and delivers its development finance. How is China’s development finance being shaped by other countries’ experiences? How has China been shaping development finance globally? This article argues that China’s development finance has been increasingly market-oriented, concerned about financial and environmental sustainability, and delivered through hybrid bilateral–multilateral channels, particularly since the launch of the Belt and Road Initiative. Shaped by the changes that China experienced at both international and domestic levels, these new features signal the rise of a ‘new Asian development finance’ that is refocusing the global debate on the importance of combining aid, trade, and investment under financially and environmentally sustainable frameworks, and channelling development finance through multilateral channels to catalyse structural transformation.","PeriodicalId":47532,"journal":{"name":"Ids Bulletin-Institute of Development Studies","volume":"29 1","pages":""},"PeriodicalIF":1.0000,"publicationDate":"2021-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The New Asian Development Finance\",\"authors\":\"Karin Costa Vazquez, Yu Zheng\",\"doi\":\"10.19088/1968-2021.119\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The recent challenges posed for multilateralism and the emergence of a sustainable development regime have pushed countries to engage in more flexible, issue-based development finance initiatives and institutions. These changes have profoundly impacted how China conceives and delivers its development finance. How is China’s development finance being shaped by other countries’ experiences? How has China been shaping development finance globally? This article argues that China’s development finance has been increasingly market-oriented, concerned about financial and environmental sustainability, and delivered through hybrid bilateral–multilateral channels, particularly since the launch of the Belt and Road Initiative. Shaped by the changes that China experienced at both international and domestic levels, these new features signal the rise of a ‘new Asian development finance’ that is refocusing the global debate on the importance of combining aid, trade, and investment under financially and environmentally sustainable frameworks, and channelling development finance through multilateral channels to catalyse structural transformation.\",\"PeriodicalId\":47532,\"journal\":{\"name\":\"Ids Bulletin-Institute of Development Studies\",\"volume\":\"29 1\",\"pages\":\"\"},\"PeriodicalIF\":1.0000,\"publicationDate\":\"2021-11-29\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Ids Bulletin-Institute of Development Studies\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.19088/1968-2021.119\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"AREA STUDIES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Ids Bulletin-Institute of Development Studies","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.19088/1968-2021.119","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"AREA STUDIES","Score":null,"Total":0}
The recent challenges posed for multilateralism and the emergence of a sustainable development regime have pushed countries to engage in more flexible, issue-based development finance initiatives and institutions. These changes have profoundly impacted how China conceives and delivers its development finance. How is China’s development finance being shaped by other countries’ experiences? How has China been shaping development finance globally? This article argues that China’s development finance has been increasingly market-oriented, concerned about financial and environmental sustainability, and delivered through hybrid bilateral–multilateral channels, particularly since the launch of the Belt and Road Initiative. Shaped by the changes that China experienced at both international and domestic levels, these new features signal the rise of a ‘new Asian development finance’ that is refocusing the global debate on the importance of combining aid, trade, and investment under financially and environmentally sustainable frameworks, and channelling development finance through multilateral channels to catalyse structural transformation.
期刊介绍:
The IDS Bulletin is the flagship publication of the Institute of Development Studies, UK, which is a leading global organisation for research, teaching and communications on international development. With its over 40 year history the Bulletin has a unique reputation for intellectually rigorous articles on emerging and evolving development issues presented in an accessible manner, and has become one of the leading journals in its field through engaged scholarship between academic and policy communities in the North and the South. It brings together the latest cutting-edge thinking and research from programmes and events involving the IDS community and presents them to an audience of development practitioners, policymakers and researchers.