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LI Junjiu | The Kindleberger Proposition and Its Limitions: China’s Public Product Supply in Global Economy

Release Date: 2017/11/22 13:57:49

 

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The Kindleberger Proposition and Its Limitions: China’s Public Product Supply in Global Economy

Lecturer:LI Junjiu | Jilin University
Date & Time:9:30-11:00, Wednesday, November 29, 2017
Venue:Room 304, Building 4, Zhijiang Campus, Zhejiang University

 

In early 2017, Harvard University professor Joseph Nye put forward a "two traps" theory. While warning Trump against making the United States from falling into the "Thucydides trap" with a strong China, he emphasized that a disadvantaged China may become a "destructive freerider ", causing the world order to fall into a " Kindleberger trap ". The latter formulation of "traps" is in essence maintaining the interests of American hegemony in the name of observing moral principles, and is replica of questioning China being a responsible rising power (or stakeholder) in the international system. But both the theoretical basis and the field on which this trap was from cannot stand up to close scrutiny.


Therefore, we need to look back at the original intention of "Kindleburg Proposition" , its inherent logic fallacy as well as its limits in understanding the current world situation and Sino-U.S. relations. Based on this, we try to construct a simple analytical framework of three-factor system including cognition of self (ability, willingness and intention), demands from the other (the needs of other countries and its resulting restriction of international system), interaction between “self and other” (diplomatic exchanges ) , using it to analyze China's role transition process in global economic governance, from revolutionary to reformer, from rival to collaborator, from outsider to participant, and from follower to leader. As a responsible power, China is providing an all-round, multi-level, and wide range of international public products, playing an increasingly important role in improving global economic governance.



LI Junjiu | The Kindleberger Proposition and Its Limitions: China’s Public Product Supply in Global Economy

 



Ph.D. in World Economy, Jilin University.

Professor in Department of Economy, Jilin University.

Research Interests: Global currency and finance, world economy,world political economy




 


LI Junjiu | The Kindleberger Proposition and Its Limitions: China’s Public Product Supply in Global Economy

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