Product Overview
China has experienced a remarkable transformation since the 1990s. It now boasts the second-largest some would argue the largest economy in the world, having evolved from a closed economy into the leading goods-trading nation. Chinas economic rise has given it increasing prominence in international monetary and financial governance, but it also exposes China to new risks associated with its integration into the global financial system. Drawing insights from economics and political science, Enter the Dragon: China in the International Financial System takes a broad conceptual approach and tackles the questions that accompany Chinas ascendance in international finance: What are the motivations and consequences of Chinas effort to internationalize the renminbi? What is the political logic underlying Chinas foreign financial policy? What forces have shaped Chinas preferences and capacities in global financial governance? Enter the Dragon contributes to the ongoing debate over Chinas political interests, its agenda for economic and financial cooperation, and the domestic and international implications of its economic rise. Bringing together experts from both inside and outside of China, this volume argues that Chinas rise in the international financial system is a highly complex and political process, and can only be understood by incorporating analysis of domestic and international political economy.
