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  • Leadership Transition and Global Governance: Role Conception, Institutional Balancing, and the AIIB

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    He230335-Accepted.pdf (374.8Kb)
    File version
    Accepted Manuscript (AM)
    Author(s)
    He, Kai
    Feng, Huiyun
    Griffith University Author(s)
    Feng, Huiyun
    He, Kai
    Year published
    2019
    Metadata
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    Abstract
    The establishment of the Asian Infrastructure Investment Bank (AIIB) signified China’s ‘charm offensive’ towards multilateral institutions and existing global financial governance. If the rise of China is inevitable, what will the future world look like, and what should other countries be prepared for? Borrowing insights from institutional balancing theory and role theory in foreign policy analysis, this project introduces a ‘leadership transition’ framework to explain policy dynamics in global governance, with the AIIB as a case study. It suggests that China, the United States, and other countries have employed different ...
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    The establishment of the Asian Infrastructure Investment Bank (AIIB) signified China’s ‘charm offensive’ towards multilateral institutions and existing global financial governance. If the rise of China is inevitable, what will the future world look like, and what should other countries be prepared for? Borrowing insights from institutional balancing theory and role theory in foreign policy analysis, this project introduces a ‘leadership transition’ framework to explain policy dynamics in global governance, with the AIIB as a case study. It suggests that China, the United States, and other countries have employed different types of institutional balancing strategies, i.e. inclusive institutional balancing, exclusive institutional balancing, and inter-institutional balancing, to compete for influence and interest in the process of establishing the AIIB. A state’s role identity as a ‘leader’, a ‘challenger’, or a ‘follower’ will shape its policy choices in global governance regarding different institutional balancing strategies in the process of ‘leadership transition.’ Institutional balancing is a new type of balancing among states in the future transformation of global governance. China’s institutional rise in global governance, therefore, might be more peaceful than widely predicted.
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    Journal Title
    The Chinese Journal of International Politics
    Volume
    12
    Issue
    2
    DOI
    https://doi.org/10.1093/cjip/poz003
    Funder(s)
    ARC
    Grant identifier(s)
    FT160100355
    Copyright Statement
    © 2019 Oxford University Press. This is a pre-copy-editing, author-produced PDF of an article accepted for publication in Analysis following peer review. The definitive publisher-authenticated version Leadership Transition and Global Governance: Role Conception, Institutional Balancing, and the AIIB, The Chinese Journal of International Politics, 12 (2), pp. 153–178 is available online at: https://doi.org/10.1093/cjip/poz003.
    Subject
    Political science
    Publication URI
    http://hdl.handle.net/10072/386075
    Collection
    • Journal articles

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