Johannes Petry Profile picture
Oct 10, 2022 8 tweets 9 min read Read on X
My paper “Beyond ports, roads & railways: Chinese economic statecraft, the Belt and Road Initiative & the politics of financial infrastructures” is finally coming out with @EuroJournIR 🥳🥳🥳 journals.sagepub.com/doi/10.1177/13… - a short 🧵 #IR #IPE #BRI #China #BeltandRoad #CHERN
1/8
While many IR/IPE scholars focus on physical infrastructures, this article analyses the construction of Chinese financial infrastructures along the BRI as an exercise of economic statecraft within the context of the liberal, US-dominated global financial order 2/8
I trace activities of Chinese exchanges as crucial actors that facilitate financial connectivity by enabling investment into BRI projects (investment opportunities), bringing 🇨🇳investors into BRI markets (investor structure) & shaping how these markets work (investment rules) 3/8
After illustrating the emergence of financial infrastructure connectivity as important foreign economic policy within BRI, the empirical analysis 1) analyses 🇨🇳 exchanges' activities in Pakistan, Kazakhstan & Bangladesh as instances of ‘bilateral’ & ‘offensive’ statecraft 4/8
2) I analyse an emerging 🇨🇳-centred global network of financial infrastructures as ‘systemic’ & ‘defensive’ statecraft that shields Chinese foreign policy objectives from global pressures, potentially creating a parallel system of capital markets with Chinese characteristics 5/8
While, like much of BRI, China’s construction of BRI financial infrastructures is still in its formative stages, this development potentially adds another dimension to China’s growing challenge to the rules, norms and procedures that underpin the liberal global order. 6/8
Beyond BRI, I argue for including financial infrastructures in #IPE/#IR scholarship as objects of analysis contributing to work by @deGoede9, @C__West, @henryfarrell, @ANewman_forward, @BernardsNick, @mcverduyn, @MalcolmCV, @BeltBeyond, @beltandroadpod, @ChinaPowerCSIS et al 7/8
This paper had a long journey & I am grateful for feedback on earlier versions by @_AaronSchneider, @AmritaNarlikar, @fichtner_jan, @JasaVeselinovic, @leo__ahrens, @MarinaZucker, @mhallerberg, @nadegraaff, @jepson_nick, @ruben_kremers, @thomas_rixen, @WarwickCFG & many more! 8/8

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Johannes Petry

Johannes Petry Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(