01:098:242 Lecture Notes - Lecture 25: Mark Selden, Beijing Consensus, Foxconn

• School: Rutgers University
• Department: Asian Studies
• Course: 01:098:242
• Professor: Schalow

Document Summary

3: is the chinese economy in sync with the global economic. Steger, globalization, (cid:272)hap. (cid:1007) (cid:862)the e(cid:272)o(cid:374)o(cid:373)i(cid:272) di(cid:373)e(cid:374)sio(cid:374) of glo(cid:271)alizatio(cid:374). (cid:863) pp. (cid:1007)(cid:1011)-59. Building blocks of the global economic order. Three building blocks of 21st c. global economic order: huge transnational corporations (tncs, powerful international economic institutions. Imf, world bank, wto: large regional trading systems. 1990s washington consensus (devised by imf john williamson, 1970s) Structural adjustments were demanded of developing countries in 1990s in exchange for loans: Establish competitive exchange rates to assist export growth. Tege(cid:396)"s p(cid:396)edi(cid:272)tion: us dominated imf/world bank may give way to china dominated equivalent as the. Ex: asian infrastructure investment bank, aiib, international financial institution for asia-pacific development (us, canada, japan did not join) Articles of agreement went into effect dec. 2015. Opened for business 16 jan. 2016 (capital: billion) Je(cid:374)(cid:374)(cid:455) cha(cid:374), ngai pu(cid:374), a(cid:374)d ma(cid:396)k elde(cid:374), (cid:862)the politi(cid:272)s of glo(cid:271)al p(cid:396)odu(cid:272)tio(cid:374): apple, fo(cid:454)(cid:272)o(cid:374)(cid:374) a(cid:374)d. Chi(cid:374)a"s (cid:374)e(cid:449) (cid:449)o(cid:396)ki(cid:374)g (cid:272)lass. (cid:863) japanfocus. org #3981 (2013) 13 pp.