Chinese scholars have tended to define the struggle of developing countries for the establishment of a new international economic order as a claim for ＂special and differential treatment.＂ However, the rise of newly...Chinese scholars have tended to define the struggle of developing countries for the establishment of a new international economic order as a claim for ＂special and differential treatment.＂ However, the rise of newly emerging countries in recent years has narrowed the gap between them and the developed economic powers. Consequently, China and other newly emerging countries have begun to seek ＂equal and undifferentiated treatment＂ from the developed world. The opening of this new path may indicat~ a resurgence of the developing countries＇ struggle to establish a new international economic order, a struggle that has ebbed since the 1980s. Therefore, in pursuing their traditional research approaches, Chinese scholars should pay more attention to the significance of opening a new path to China＇s peaceful development, so as to gain a more complete and accurate understanding of the basic situation China finds itself in as it participates in the struggle for a fairer international economic order.展开更多
The use of an intemational currency is not just a natural market phenomenon; it relies heavily on international political foundations. The historical lessons of the four major international currencies--the pound, doll...The use of an intemational currency is not just a natural market phenomenon; it relies heavily on international political foundations. The historical lessons of the four major international currencies--the pound, dollar, euro and yen--show that a strong partner network and a favorable international institutional environment are the two major political foundations for the formation of a stable international currency. The rise of the renminbi, as a late starter looking to become a major international currency, depends not only on the requisite economic conditions but on governmental diplomacy aimed at attracting more monetary cooperation partners and creating international institutions that support its worldwide use. This strategy reinforces the political foundations for the rise of the renminbi. Building a network of partners supporting the renminbi as an international currency and creating a system of international monetary institutions are the real tests of the issuing country＇s political leadership. This political leadership capacity has three dimensions： public trust founded on reputation building; a centripetal force driven by provision of benefits; and coercive force applied through sanctions. Comparatively speaking, the renminbi is still in the early stage of its ascent, so the development of its political infrastructure should concentrate mainly on gaining public trust through reputation-building and employing centripetal force involving provision of benefits.展开更多
基金a phased result of the key philosophy and social science research project of the Ministry of Education in 2009 "Research on the Reconstruction of International Economic Order after the Global Financial Crisis and Legal Countermeasures China Should Take" presided over by the author(Project No.:09JZD0021)
文摘Chinese scholars have tended to define the struggle of developing countries for the establishment of a new international economic order as a claim for ＂special and differential treatment.＂ However, the rise of newly emerging countries in recent years has narrowed the gap between them and the developed economic powers. Consequently, China and other newly emerging countries have begun to seek ＂equal and undifferentiated treatment＂ from the developed world. The opening of this new path may indicat~ a resurgence of the developing countries＇ struggle to establish a new international economic order, a struggle that has ebbed since the 1980s. Therefore, in pursuing their traditional research approaches, Chinese scholars should pay more attention to the significance of opening a new path to China＇s peaceful development, so as to gain a more complete and accurate understanding of the basic situation China finds itself in as it participates in the struggle for a fairer international economic order.
文摘The use of an intemational currency is not just a natural market phenomenon; it relies heavily on international political foundations. The historical lessons of the four major international currencies--the pound, dollar, euro and yen--show that a strong partner network and a favorable international institutional environment are the two major political foundations for the formation of a stable international currency. The rise of the renminbi, as a late starter looking to become a major international currency, depends not only on the requisite economic conditions but on governmental diplomacy aimed at attracting more monetary cooperation partners and creating international institutions that support its worldwide use. This strategy reinforces the political foundations for the rise of the renminbi. Building a network of partners supporting the renminbi as an international currency and creating a system of international monetary institutions are the real tests of the issuing country＇s political leadership. This political leadership capacity has three dimensions： public trust founded on reputation building; a centripetal force driven by provision of benefits; and coercive force applied through sanctions. Comparatively speaking, the renminbi is still in the early stage of its ascent, so the development of its political infrastructure should concentrate mainly on gaining public trust through reputation-building and employing centripetal force involving provision of benefits.
