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dc.contributor.authorVazquez, Karin Costa
dc.contributor.authorZheng, Yu
dc.coverage.spatialChinaen
dc.date.accessioned2021-11-25T13:18:21Z
dc.date.available2021-11-25T13:18:21Z
dc.date.issued2021-11-29
dc.identifier.citationVazquez, K.C. and Zheng, Y. (2021) 'The New Asian Development Finance', IDS Bulletin 52.2: 37–52en
dc.identifier.issn1759-5436
dc.identifier.urihttps://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/16963
dc.description.abstractThe recent challenges posed for multilateralism and the emergence of a sustainable development regime have pushed countries to engage in more flexible, issue-based development finance initiatives and institutions. These changes have profoundly impacted how China conceives and delivers its development finance. How is China’s development finance being shaped by other countries’ experiences? How has China been shaping development finance globally? This article argues that China’s development finance has been increasingly market-oriented, concerned about financial and environmental sustainability, and delivered through hybrid bilateral–multilateral channels, particularly since the launch of the Belt and Road Initiative. Shaped by the changes that China experienced at both international and domestic levels, these new features signal the rise of a ‘new Asian development finance’ that is refocusing the global debate on the importance of combining aid, trade, and investment under financially and environmentally sustainable frameworks, and channelling development finance through multilateral channels to catalyse structural transformation.en
dc.description.sponsorshipForeign, Commonwealth & Development Officeen
dc.language.isoenen
dc.publisherInstitute of Development Studiesen
dc.relation.ispartofseriesIDS Bulletin;52.2
dc.rightsThis is an Open Access article distributed under the terms of the Creative Commons Attribution 4.0 International licence (CC BY), which permits unrestricted use, distribution, and reproduction in any medium, provided the original authors and source are credited and any modifications or adaptations are indicated. http://creativecommons.org/licenses/by/4.0/legalcodeen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectAiden
dc.subjectDevelopment Policyen
dc.subjectTradeen
dc.titleThe New Asian Development Financeen
dc.typeArticleen
dc.rights.holder© Authors © Institute of Development Studies 2021en
dc.identifier.teamBusiness, Markets and the Stateen
dc.identifier.doi10.19088/1968-2021.119
rioxxterms.funderDefault funderen
rioxxterms.identifier.projectDefault projecten
rioxxterms.versionVoRen
rioxxterms.versionofrecord10.19088/1968-2021.119en
rioxxterms.funder.project9ce4e4dc-26e9-4d78-96e9-15e4dcac0642en


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This is an Open Access article distributed under the terms of the Creative Commons Attribution 4.0 International licence (CC BY), which permits unrestricted use, distribution, and reproduction in any medium, provided the original authors and source are credited and any modifications or adaptations are indicated. http://creativecommons.org/licenses/by/4.0/legalcode
Except where otherwise noted, this item's license is described as This is an Open Access article distributed under the terms of the Creative Commons Attribution 4.0 International licence (CC BY), which permits unrestricted use, distribution, and reproduction in any medium, provided the original authors and source are credited and any modifications or adaptations are indicated. http://creativecommons.org/licenses/by/4.0/legalcode