Global Development and Cooperation with China: New Ideas, Policies and Initiatives for a Changing World. By Henry Huiyao Wang & Mabel Lu Miao (Eds.)

Abstract

This open-access edited volume, part of the "China and Globalization" series, explores the necessity for new concepts, initiatives, and relationships to reform the current system of global governance. The book contends that the existing international institutions, such as the Bretton Woods system and the United Nations, must be updated to address challenges like rapid technological advancements, radical shifts in the distribution of power (from West to East and North to South), climate change, and geopolitical instability. The book is a collection of essays contributed by current and former members of a wide range of international organizations, including UN agencies, multinational banks, and NGOs, aiming to provide innovative and sometimes alternative perspectives on global governance. It is structured into three main parts: New Concepts in Global Governance, New Initiatives of Growth and Development, and New Relations for Peoples and Governments. Key themes include reforming the UN to be "Fit for Purpose", China's role in global development through institutions like the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB) , re-imagining the international trading system , and leveraging China's experience in green development and technology for global good. The overall message is a call for networked multilateralism, emphasizing cooperation, inclusiveness, and the need for a global community to work together like a "family" to resolve shared crises.

JEL. F13; F50; O19; Q01; P16.