EasterBlack-owned or founded brands at TargetGroceryClothing, Shoes & AccessoriesBabyHomeFurnitureKitchen & DiningOutdoor Living & GardenToysElectronicsVideo GamesMovies, Music & BooksSports & OutdoorsBeautyPersonal CareHealthPetsHousehold EssentialsArts, Crafts & SewingSchool & Office SuppliesParty SuppliesLuggageGift IdeasGift CardsClearanceTarget New ArrivalsTarget Finds#TargetStyleTop DealsTarget Circle DealsWeekly AdShop Order PickupShop Same Day DeliveryRegistryRedCardTarget CircleFind Stores

The Latecomer's Rise - (Cornell Studies in Money) by Muyang Chen (Hardcover)

The Latecomer's Rise - (Cornell Studies in Money) by  Muyang Chen (Hardcover) - 1 of 1
$49.95 when purchased online
Target Online store #3991

About this item

Highlights

  • In The Latecomer's Rise, Muyang Chen reveals the nature and impact of a rapidly growing form of international lending: Chinese development finance.Over the past few decades, China has become the world's largest provider of bilateral development finance.
  • About the Author: Muyang Chen is Associate Professor at Peking University's School of International Studies.
  • 240 Pages
  • Political Science, Public Policy
  • Series Name: Cornell Studies in Money

Description



About the Book



"Seeks to understand the nature and global impact of the Chinese lending by looking at China's national policy banks -- the China Development Bank and the Export-Import Bank of China -- and the financial giants that capitalize China's overseas infrastructure and industrial projects"-



Book Synopsis



In The Latecomer's Rise, Muyang Chen reveals the nature and impact of a rapidly growing form of international lending: Chinese development finance.

Over the past few decades, China has become the world's largest provider of bilateral development finance. Through its two national policy banks, the China Development Bank (CDB) and the Export-Import Bank of China (China Exim), it has funded infrastructure and industrial projects in numerous emerging markets and developing countries. Yet this very surge and magnitude of capital has raised questions about the characteristics of Chinese bilateral lending and its repercussions on the international order.

Drawing on a variety of novel Chinese primary sources, including interviews and official bank documents, Chen pinpoints the distinctiveness of Chinese bilateral development finance, explains its origins, and analyzes its effects. She compares Chinese policy banks with their foreign counterparts to show that the CDB and China Exim, while state-supported, are in fact also market-oriented--they are as much government organs as they are profit-driven financial agencies that serve both state and firms' interests. This approach, which emerged out of China's particular economic history, suggests that Chinese overseas lending is not merely a tool of economic statecraft that challenges Western-led economic regimes. Instead, China's responses to extant rules, norms, and practices across given issue areas have varied between contestation and convergence.

Rich with empirical detail and penetrating insights, The Latecomer's Rise demystifies the little-known workings of Chinese development finance to revise our conceptions of China's role in the international financial system.



Review Quotes




China's policy banks are distinctive in seeking to simultaneously advance public policy goals and make a profit. Conflicts arise from these mixed motives, which include underwriting infrastructure investment and financing Chinese exports but also advancing Beijing's geopolitical interests. According to Chen, China can reduce this tension by more clearly distinguishing policy and commercial lending, including by establishing separate financial accounts for the two activities.

-- "Foreign Affairs"

The Latecomer's Rise is an excellent book that introduces the reader to China's two main policy banks active in global development: the China Development Bank (CDB) and China Exim Bank. It is a very valuable source for scholars, policymakers, business professionals, development practitioners, students, and everyone interested in China's rise.

-- "The Review of International Organizations"

It should be essential reading for scholars of modern China, as well as policymakers and financial practitioners seeking to understand the implications of China's rise. As China's influence in global finance grows, The Latecomer's Rise will remain a seminal text for years to come.

-- "China Journal"



About the Author



Muyang Chen is Associate Professor at Peking University's School of International Studies. She has published in World Development, International Affairs, European Journal of International Relations, and Review of International Political Economy.

Dimensions (Overall): 9.0 Inches (H) x 6.0 Inches (W) x .69 Inches (D)
Weight: 1.15 Pounds
Suggested Age: 22 Years and Up
Number of Pages: 240
Series Title: Cornell Studies in Money
Genre: Political Science
Sub-Genre: Public Policy
Publisher: Cornell University Press
Theme: Economic Policy
Format: Hardcover
Author: Muyang Chen
Language: English
Street Date: June 15, 2024
TCIN: 92105161
UPC: 9781501775857
Item Number (DPCI): 247-13-7903
Origin: Made in the USA or Imported

Shipping details

Estimated ship dimensions: 0.69 inches length x 6 inches width x 9 inches height
Estimated ship weight: 1.15 pounds
We regret that this item cannot be shipped to PO Boxes.
This item cannot be shipped to the following locations: American Samoa (see also separate entry under AS), Guam (see also separate entry under GU), Northern Mariana Islands, Puerto Rico (see also separate entry under PR), United States Minor Outlying Islands, Virgin Islands, U.S., APO/FPO

Return details

This item can be returned to any Target store or Target.com.
This item must be returned within 90 days of the date it was purchased in store, shipped, delivered by a Shipt shopper, or made ready for pickup.
See the return policy for complete information.

Related Categories

Get top deals, latest trends, and more.

Privacy policy

Footer

About Us

About TargetCareersNews & BlogTarget BrandsBullseye ShopSustainability & GovernancePress CenterAdvertise with UsInvestorsAffiliates & PartnersSuppliersTargetPlus

Help

Target HelpReturnsTrack OrdersRecallsContact UsFeedbackAccessibilitySecurity & FraudTeam Member ServicesLegal & Privacy

Stores

Find a StoreClinicPharmacyTarget OpticalMore In-Store Services

Services

Target Circle™Target Circle™ CardTarget Circle 360™Target AppRegistrySame Day DeliveryOrder PickupDrive UpFree 2-Day ShippingShipping & DeliveryMore Services
PinterestFacebookInstagramXYoutubeTiktokTermsCA Supply ChainPrivacy PolicyCA Privacy RightsYour Privacy ChoicesInterest Based AdsHealth Privacy Policy