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Leadership Transition and Global Governance

Role Conception, Institutional Balancing, and the Aiib

Bibliographic Data

ID12907248
AuthorsKai He (0000-0003-2335-7638, Griffith University, corresponding author), Huiyun Feng (0000-0002-6565-9610, Griffith University)
Year2019
Volume12
Issue2
Pages153-178
Publication date2019-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Chinese Journal of International Politics (JOURNAL)
Journal identifiersISSN: 1750-8916 • E-ISSN: 1750-8924
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1093/cjip/poz003
OpenAlexW2937019458
LanguageEN
Citations received20

The establishment of the Asian Infrastructure Investment Bank (AIIB) signified China’s ‘charm offensive’ towards multilateral institutions and existing global financial governance. If the rise of China is inevitable, what will the future world look like, and what should other countries be prepared for? Borrowing insights from institutional balancing theory and role theory in foreign policy analysis, this project introduces a ‘leadership transition’ framework to explain policy dynamics in global governance, with the AIIB as a case study. It suggests that China, the United States, and other countries have employed different types of institutional balancing strategies, i.e. inclusive institutional balancing, exclusive institutional balancing, and inter-institutional balancing, to compete for influence and interest in the process of establishing the AIIB. A state’s role identity as a ‘leader’, a ‘challenger’, or a ‘follower’ will shape its policy choices in global governance regarding different institutional balancing strategies in the process of ‘leadership transition.’ Institutional balancing is a new type of balancing among states in the future transformation of global governance. China’s institutional rise in global governance, therefore, might be more peaceful than widely predicted

Business · China · Corporate governance · Economic system · Economics · Global governance · Management · Offensive · Political economy · Political science · International Arbitration and Investment Law · International Development and Aid · International Relations and Foreign Policy · Finance

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Unique citing works20
Citations per year2,86
Citation span2019 - 2026 (8)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 20

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