China’s relations with the World Bank: between great power and developing country

Marina Rudyak

Chapter 13 in The Elgar Companion to the World Bank, 2024, pp 154-165 from Edward Elgar Publishing

Abstract: The People’s Republic of China (PRC) went from being the World Bank’s largest loan recipient (in 1993) to its sixth-largest contributor (in 2020) and the world’s largest bilateral development lender. While China has called for greater representation of developing countries in the international development system, instead of pursuing a fuller integration, it expresses a preference for bilateral lending and has founded two new multilateral development banks. The partial integration reflects its structural and policy dissatisfactions with the World Bank dominated system and its inherent power asymmetries in favor of the G7. This chapter, first, traces Chinas history with the World Bank as borrower and contributor, and China’s role as a provider of international development cooperation. It then turns to the reasons for China’s partial integration, drawing hereby extensively on Chinese discourse and sources. The chapter concludes with discussion of the prospects for a fuller integration.

Keywords: Development Studies; Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781802204780.00025 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21163_13

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().