Edited by Huiyao Wang and Lu Miao
Chapter 8: Global governance: how Asia shapes the world
The global steering system has become unpredictable. This is bad news for China looking forward to reap benefits from the system it joined 35 years ago. The abdication of the United States and Britain as leaders, however, offers China an opportunity to shape a new system without breaking up the existing one – evolution and not revolution. It is happening at the same time as information and communication technology (ICT) together with social networks is introducing a new power game around the shaping of perceptions: from nation-state versus nation-state to the colossal data companies versus the state. Data companies have more insights into the behavior of persons and business life than the state and use it to influence and ultimately control behavioral patterns. Three of these companies are in China: Baidu, Alibaba, and Tencent. A number of indicators point to common interest between China and continental Europe. These include attitudes towards the data companies, maintaining an open global system, sustainability, and awareness of social external diseconomies. China’s initiatives like the Belt & Road Initiative, the Asian Infrastructure Investment Bank, and the Regional Comprehensive Economic Partnership illustrate an embryonic entrance to frame a future global system without disrupting the existing one.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.