Title: The globalisation of China's financial capital: How China's growing financial clout is affecting the global political economy

Authors: Francis Schortgen

Addresses: Department of Political Science, University of Mount Union, Chapman Hall 452, 1972 Clark Avenue, Alliance, OH, USA

Abstract: This paper aims to critically evaluate the significance of the unfolding globalisation of Chinese financial capital, for both China and the world. Specifically, it will juxtapose a general assessment of Chinese motivations and objectives to preconceptions of and reactions to China|s financial globalisation. To date, efforts to understand the dynamics behind and implications of China|s financial globalisation remain significantly burdened by misperceptions and misrepresentations. This paper argues that while China|s economic and financial globalisation is seen as ushering in a new global dynamic, it need not (and should not) necessarily come at the expense of possible cooperation and coordination.

Keywords: business; China; emerging markets; financial capital; wealth distribution; power distribution; emerging markets; globalisation; competition; cooperation; global political economy; coordination.

DOI: 10.1504/IJBEM.2010.035662

International Journal of Business and Emerging Markets, 2010 Vol.2 No.4, pp.335 - 351

Published online: 02 Oct 2010 *

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