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Title:China and the future of the developing world: The coming global-Asian era and its consequences PDF Logo
Authors:Henderson, Jeffrey
Issue Date:2008
Series/Report no.:Research paper / UNU-WIDER 2008.58
Abstract:The rise of China as an economic and political driver of the global economy is likely to be one of the defining moments of world history. Its dynamism and international expansion are on the verge of creating a critical disruption in the global order that has held sway for over 60 years. As such, China is beginning to reshape the world, presaging a new phase of globalization: a global-Asian era. This new era is likely to be distinct from any of the earlier phases of globalization and China's global footprint, in terms of its business, economic and political actions and their geopolitical implications, is likely to be markedly different from what has gone before. This paper offers a framework by which we can begin to understand the coming global-Asian era (GAE) and some of its consequences, particularly as the latter are surfacing in the developing world. Having discussed the nature and dynamics of the GAE, the paper turns to sketch a series of vectors (trade, aid and energy security) along which the GAE is beginning to impact on developing countries. The paper argues that, at least for these vectors, the Chinese-driven GAE is providing opportunities as well as dangers for national development projects. It concludes by briefly speculating on the viability of the GAE.
Subjects:China
globalization
developing world
trade
oil
aid
geopolitics
JEL:F01
F14
F59
ISBN:978-92-9230-106-4
Document Type:Working Paper
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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