Steadfast reformism or speculative pragmatism? The political economy of China's exchange-rate reform.
China's exchange-rate regime reform policies have fluctuated since the early 1990s, experiencing at least six significant policy changes: 1994 unification, 1998 stabilization, 2005 reform, 2008 stagnation, 2010 relaunch and 2015 '8•11' reform. This policy fluctuation plausibly suggests that China ha...
| Publicado en: | Pacific Review Vol. 33; no. 6; pp. 958 - 991 |
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| Autores principales: | , |
| Formato: | Artículo |
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Taylor & Francis Ltd
Nov2020
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=146806835&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 146806835 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 09512748 5C0 jtl: Pacific Review issn: 09512748 maglogo: N pubinfo: dt: Nov2020 vid: 33 iid: 6 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 146806835 10.1080/09512748.2019.1620845 ppf: 958 ppct: 33 formats: fmt: – @attributes: type: T – @attributes: type: P size: 2.4MB tig: atl: Steadfast reformism or speculative pragmatism? The political economy of China's exchange-rate reform. aug: au: Zhang, Falin Zhu, Xiaolue affil: Zhou Enlai School of Government, Nankai University, Tianjin, China School of International Relations and Public Affairs, Fudan University, China su: Foreign exchange rates Political economic analysis Unificationists Balance of power International economic relations China sug: subj: China Foreign exchange rates Political economic analysis Unificationists Balance of power International economic relations keyword: China's exchange-rate regime foreign policy motivation integrative foreign policy analysis national interest Steadfast reformism ab: China's exchange-rate regime reform policies have fluctuated since the early 1990s, experiencing at least six significant policy changes: 1994 unification, 1998 stabilization, 2005 reform, 2008 stagnation, 2010 relaunch and 2015 '8•11' reform. This policy fluctuation plausibly suggests that China has behaved as a speculative pragmatist without being disciplined by established and consistent values, principles or national interests, particular against the backdrop of the current international power transition. Adopting an integrative Foreign Policy Analysis (FPA) analytical framework that differentiates and bridges International Relations (IR) national interests with FPA policy motivations, this article compares the six policy changes and argues that China has been a steadfast reformer rather than a speculative pragmatist since the early 1990s. Namely, the market-oriented exchange-rate regime reform has consistently reflected China's national interest since the early 1990s, notwithstanding occasional policy fluctuations that diverge from the national interest. This integrative analysis contributes to transcending the 'holism failure' of IR studies by looking into the specific decision-making processes, and escaping from the 'reductionist gamble' of FPA studies by examining the long-term tendency and interests behind these apparently inconsistent policies. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Pacific Review is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Pacific Review holder: Taylor & Francis Ltd dt: @attributes: year: 2020 holdings: @attributes: islocal: N |
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