Politics and International Relations Research Seminar
The Political Economy of Risk Management in China’s Belt and Road Initiative: Institutions, Rule Making and Hegemony by Dr Sahra Joharchi
This paper fills a substantial gap in academic literature and policy-orientated analysis of the climate change narratives in Central Asia, using the case-study of Kazakhstan as an example.
- From: Wednesday 29 January 2020, 1 pm
- To: Wednesday 29 January 2020, 2 pm
- Location: CH2702, Chaucer Building, Nottingham Trent University, Goldsmith Street, Nottingham, NG1 5LS
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As the Belt and Road Initiative (BRI) evolves, it has become more institutionalised. Among other things, that means that rule making and managing processes reflect a set of interests and relationships which have been established by Chinese leadership, but which also reflect at least some interests of other participants.
This is not sham multilateralism, but it is equally not an open shared system of international cooperation without limits. In this paper, the separate financial instruments, Including the AIIB and the Silk Road fund, established by Beijing are examined to explore how they contribute to a complex network of development finance, meaning primarily infrastructure investment. We ask how the tile-making structures shape risk-taking and risk-making, and how arbitration is managed when projects get into difficulties.
We examine some nuanced differences between the different institutional and banking frameworks which have been set up, but also look at commonalities which reflect a distinctive balance of power. We suggest how these differences and commonalities can be explained drawing on a modified framework of analysis borrowed from Cox, Gill, Worth and others.
Nottingham Trent University