CCG launches new book – The Ebb and Flow of Globalization

CCGviews 2022-11-01

On October 27, Dr. Henry Huiyao Wang’s latest work, The Ebb and Flow of Globalization, published by Springer Nature, was released online.

YouTube:

https://www.youtube.com/watch?v=Isjt9DGxuAM

William Achauer, Editorial Director for Business, Economics and Political Sciences and Law at Springer Nature delivered opening remarks and Dr. Henry Huiyao Wang, Founder and President of the Center for China and Globalization, chaired the official release of the book. Leana Li, Regional Director for Books for China at Springer Nature, David Blair, an expert specializing in macroeconomics, monetary policy and entrepreneurship, Andy Mok, Commentator for CGTN and Harvey Dzodin, Senior Consultant of the National Image Communication Research Center of Tsinghua University and freelancer attended the event and discussed the future of globalization and great power relations. The event was hosted by Zoon Ahmed Khan, Research Fellow at CCG.

Globalization is an unstoppable force. Given the high stakes at hand – international stability, continued economic growth, and the future of our planet – it is more important than ever that China gain a deeper understanding of the rest of the world, and that the rest of the world also comes to gain a clearer understanding of China. As the world witnesses dramatic geopolitical changes and rising anti-globalization, it is essential that we discuss the direction globalization is taking and the role China can play.

Springer-Nature：

https://link.springer.com/book/10.1007/978-981-16-9253-6

This book, published in August, features a selection of Dr. Wang’s writings published between 2016 and 2021 by domestic and overseas media and institutions including Beijing Review, Bloomberg, China Daily, CGTN, The Financial Times, Global Times, The Indian Express, Munich Security Conference, South China Morning Post, the Wilson Center, and the World Economic Forum. It is one of the few works in English that looks at China and the development of globalization from the perspective of a Chinese scholar, offering a comprehensive overview of China-related policy issues.

The Ebb and Flow of Globalization is the latest volume in the “China and Globalization” series. Previous volumes of this series include The Asian 21^st Century, Transition and Opportunity: Strategies from Business Leaders on Making the Most of China’s Future, and China and the World in a Changing Context: Perspectives from Ambassadors to China. The first four books in the series are open access and all five volumes are currently available on Springer Nature’s website, receiving a warm welcome worldwide with total downloads exceeding 2 million.

This book focuses on globalization and China’s evolving role in the world. By any measure, these five years mark a pivotal period for China and global affairs, which saw major changes in geopolitics, economic cooperation, and global governance in which there both progress and setbacks were seen, which Dr. Wang views as a natural phenomenon of “ebb and flow” in globalization.

The five years that this book covers is book-ended by two seismic events: the election of US President Donald Trump in 2016 and the COVID-19 pandemic of 2020-21. These, in addition to the war in Ukraine, have resulted in global ramifications that will affect the world for many years to come.

This period also witnessed China’s landmark 19^th Party Congress, which marked a new era for the nation and its integration with the world; twists and turns in the China-US relationship, which marked a new phase of great power competition and brought uncertainty to the international system; new developments in regional cooperation, such as the signing of the Regional Comprehensive Economic Partnership (RCEP), the world’s largest FTA; and the continuous development and disruption resulting from new technologies that are changing the way we live, work, and interact with each other. It has truly been a period of ups and downs for globalization, with a host of new trends, challenges, and complexities for those of us in the think tank community to grapple with, research, and write about.

The essays in the book center on three interconnected themes – China’s remarkable development under its policy of Reform and Opening-up, China’s deepening integration into the global economy and rise in an increasingly multipolar world, and the quest to reinvigorate global governance and multilateralism to address the pressing global challenges of the 21st century.

The book is divided into three parts. Part I, Vectors of China’s Globalization, focuses on domestic developments that have shaped different aspects of China’s integration into the rest of the world. These include China’s evolving role in trade and investment, the improvement of laws and the overall business environment, the effectiveness of China’s democracy, the rise of Chinese multinational corporations, educational, cultural and professional ties, as well as the need to make China a global talent hub.

Part II China’s Rise in a Multipolar World takes a step back to look at China’s external relations in a changing world. It highlights and adaptions of China’s diplomacy in a changing context, how to create a new Chinese narrative in the global arena, the attempt to achieve a truce between US and China in today’s tech Cold War and manage conflict. It also examines the dawn of the Asian Century, China’s role in a more integrated Asia, Asian countries’ economic dependence on on counting on China as well as the US focus on security, China-EU relations in a changing era looking back at and beyond the Merkel era.

Part III Reinvigorating Multilateralism looks at the strains on our current system of global governance and identifies key areas for reform and innovation that will allow us to cooperate effectively and address the pressing global challenges of the twenty-first century. This part suggests China lead the way to save the ailing WTO and revive multilateralism, while also take advantage of the opportunity to join the CPTPP to promote a more integrated trading order in Asia. This part argues that RCEP’s synergy with China’s economic strategy bodes well for Asia-Pacific, and Build Back Better could work well with the BRI to close the infrastructure gap. Dr. Wang also advocates that the AIIB can be a key support structure for the BRI and it can expand its remit to build a greener, more inclusive post-pandemic world.

These insights are useful for academics, policymakers, students, and anyone trying to deepen their understanding of China’s development and role in making globalization work for our multipolar world.

Dr. Henry Huiyao Wang is Founder and President of Center for China and Globalization (CCG), a think tank ranked among top 100 think tanks in the world. He is also Dean of the Institute of Development Studies of Southwestern University of Finance and Economics of China, Vice Chairman of China Association for International Cooperation, and Director of Chinese People’s Institute of Foreign Affairs. He is currently a Steering Committee Member of the Paris Peace Forum and an Advisory Board Member of the Duke Kunshan University. He pursued his Ph.D. studies at University of Western Ontario and University of Manchester. He was Senior Fellow at Harvard Kennedy School and Visiting Fellow of Brookings Institute, and an adjunct professor at Peking University. In addition to its top ranking as a world think tank, CCG is also the only non-governmental Chinese think tank that has been granted special consultative status by the United Nations.

Content

Introduction: The Journey of Reform and Opening-Up

PART 1 VECTORS OF CHINA’S GLOBALIZATION

Chapter 1 China’s evolving role in trade and investment1.Foreign Investment Law will lift opening-up to a new level2.Rising FDI reflects China’s openness and improved business environment3.China rises from “Special Economic Zones” to anchor of the global economy4.CIIE marks a new economic era5.A trinity of growth drivers for the post-pandemic era6.How creating a better business environment can boost foreign investment in China7.From moderate prosperity to modern society8.’Consultative democracy’ a key part of China’s approach to democracy9.Effectiveness of Chinese democracy: meritocracy, market democracy and technocracy Chapter 2 The rise of Chinese multinationals10.Partnering for success11.Smarten up and take the lead Chapter 3 Education, talent and cultural ties12.Gaokao resumption was the start of a new era13.Chinese universities need to attract more foreign students, but not by treating them differently14.How to encourage the flow of Hong Kong’s youth, talent and innovation across the Greater Bay Area15.China is running the world’s largest tourism deficit. How can it plug the gap?16.Building a global talent hub for China’s future development PART 2 CHINA’S RISE IN A MULTIPOLAR WORLD Chapter 4 Reflections on the changing international order17.We should focus on real threats, not illusory ones18.Beyond “Westlessness”: Building a more inclusive order for the new decade19.How COVID-19 will reinforce trends shaping the international order Chapter 5 Chinese diplomacy in a changing world20.Challenging times, creative efforts – Highlights of Chinese diplomacy in 201821.Building a shared future for all – Highlights of Chinese diplomacy in 201922.Highlights of China’s diplomacy for the post-pandemic world23.Creating a new Chinese narrative in the global arena Chapter 6 China-US relations in flux24.China-US relations at 40: Different dreams, shared future25.Instead of US-China decoupling, the new decade should bring acceptance of different development models26.US and China should seek a truce in tech Cold War27.How Biden could improve US-China relations28.Sino-US competition need not entail conflict29.“Climate Superpowers?” Why the Cold War is the wrong analogy for our heating planet Chapter 7 China’s role in a rising, more integrated Asia30.Dawn of the Asian Century31.New chapter in China-Japan relations can drive Asian integration32.Can China and India overcome their Himalayan differences to benefit Asia?33.India, China must look to the future34.From the Syrian civil war to Yemen to energy, China has a larger role to play in the Middle East35.The two sides of Asia: China’s economic priorities vs the US’ focus on security Chapter 8 China-EU relations36.Transcending “us versus them”: China-EU relations in a changing era37.China and EU can boost cooperation on digital economy38.China, a land of opportunity for EU firms willing to adapt39.EU deal is a milestone for China’s globalization that can help build a new world economic order40.Germany as a mediating power41.Looking back at and beyond the Merkel era PART 3 REINVIGORATING MULTILATERALISM Chapter 9 Global challenges and joint solutions42.China can be the unifier the world needs to tackle environmental crisis43.No country is an island in the climate crisis44.Embracing the green spirit45.Cooperation is the core of humanity’s immune system46.COVID-19 is a call for a resilient globalization Chapter 10 Finding a way forward for free trade47.From confrontation to cooperation: How to manage the next era of globalization48.Why China should lead the mission to save the ailing WTO and revive multilateralism49.The WTO can be an institutional catalyst for post-pandemic recovery50.How China’s economic heft can reshape the WTO and global trade for the better51.A transpacific window of opportunity52.China should seize the day and join the CPTPP to promote a more integrated trading order in Asia53.China should join the trade deal the US abandoned54.RCEP’s synergy with China’s economic strategy bodes well for Asia-Pacific Chapter 11 Evolution of the Belt and Road55.Spurring global cooperation and development through the Belt and Road56.AIIB can be a key benchmark for the BRI57.Redefining the BRI as a global growth project58.How the China-led AIIB can expand its remit to build a greener, more inclusive post-pandemic world59.Build back better vs Belt and Road: to improve infrastructure, competition must yield to cooperation Index

CCG Books

● Published by Springer

● Authors: Wang Huiyao

More Information

This book focuses on globalization and China’s evolving role in the world, offering unique perspectives on a number of developments during a tumultuous period that began with Donald Trump’s election and ended with the outbreak of the Covid-19 pandemic. This period saw the global landscape reshaped by China’s continued rise, intensifying great power competition, and a public health crisis that has changed how we live.

The essays center on three interconnected themes – China’s remarkable development under its policy of Reform and Opening-up, China’s deepening integration into the global economy and rise in an increasingly multipolar world, as well as the quest to revitalize global governance and multilateralism to address the pressing global challenges of the 21st century.

● Links：

https://link.springer.com/book/10.1007/978-981-16-9253-6

● Published by Springer

● Edited by Wang Huiyao and Lu Miao

More Information

China and the World in a Changing Context-Perspectives from Ambassadors to China is the latest volume in CCG’s “China and Globalization” series, which seeks to create a balanced global perspective by gathering the views of highly influential scholars, practitioners, and opinion leaders from around the world on issues of policy and governance.

Ambassadors are a kind of vehicle and bellwether for globalization. These diplomatic envoys serve as pivotal contact points between nations across a wide range of fields, from economics and culture, to health and the environment. The special group of ambassadors in this book – all based in Beijing – are at the forefront of what, for many countries, is one of their most important bilateral relationships and the platform for one of the most striking and consequential developments in global affairs in the 21st century: the rise of China on the world stage.

● Links：

https://link.springer.com/book/10.1007/978-981-16-8086-1

● Published by Springer

● Edited by Wang Huiyao and Lu Miao

More Information

Released nearly two years after the outbreak of COVID-19, Transition and Opportunity brings together an array of CEOs and senior executives from leading multinationals, leaders of foreign trade associations and representatives of advocacy groups on the ground in China to share their views on the potential and risks China holds for business as the world economy recovers.

The 22 entries in this book include contributions from the heads of Beijing-based chambers of commerce representing the EU, the US, France, Switzerland and Brazil and others, CEOs and senior executives of MNCs like Airbus, Royal DSM, Michelin, LinkedIn and Herbalife as well as representatives of global consulting firms like KPMG, PwC, Accenture and Roland Berger.

Divided into three parts - ‘The Big Picture,’ ‘Analysis and Advice,’ and ‘On the Ground’ - content progresses from looking at how countries balance their own interests with China’s for that elusive ‘win-win’ formula, to the role consultancies and advisors play in helping companies succeed, then looking at the experiences of individual companies to see how they have adapted and thrived in China.

● Links：

https://link.springer.com/book/10.1007/978-981-16-8603-0

● Published by Springer

● Edited by Wang Huiyao and Alistair Michie

More Information

This book brings together leading international scholars and policy-makers to explore the challenges and dilemmas of globalization and governance in an era increasingly defined by economic crises, widespread populism, retreating internationalism, and a looming cold war between the United States and China. It provides the diversity of views on those widely concerned topics such as global governance, climate change, global health, migration, S&T revolution, financial market, and sustainable development.

● Links：

https://link.springer.com/book/10.1007/978-981-16-5391-9

● Published by Springer

● Edited by Wang Huiyao, President and Miao Lu, Vice President, Center for China and Globalization(CCG), Beijing, China

More Information

The internationalization of Chinese enterprises is one of the most notable aspects of economic globalization in the 21st century. Despite the 2008 financial crisis and weak global outbound investment, under the “go global“ initiative, Chinese outbound investment has gone from strength to strength, while also diversifying in terms of investment modalities, destinations, and industries. However, growing anti-globalization sentiment in some countries has also created new challenges for Chinese firms expanding internationally.

Drawing on nearly 3000 data samples, using both quantitative and qualitative research methods, this book presents unique insights into the features and patterns of Chinese enterprises’ globalization. The analysis provides a useful reference for enterprises that have already gone global and those that plan to. In particular, this book investigates challenges confronted by Chinese companies when doing business in foreign countries. It summarizes research covering three angles, namely: the current situation, causation analysis and corresponding solutions, and recommendations for firms, government agencies and other institutions.

This book provides a comprehensive overview to help readers to grasp the broad picture of the international expansion of Chinese enterprises. It has important reference value for enterprises to help devise foreign investment strategy, seize opportunities, and navigate challenges in the course of globalization.

● Links：

https://www.springer.com/cn/book/9789811546457

● Published by Edward Elgar

● Edited by Wang Huiyao, President and Miao Lu, Vice President, Center for China and Globalization(CCG), Beijing, China

More Information

An excellent guide for understanding the trends, challenges and opportunities facing China through globalization, this Handbook answers the pertinent questions regarding the globalization process and China’s influence on the world.

With contributions from leading experts and international researchers, each chapter covers key topics regarding China’s participation in globalization, including: China’s new role in global economic governance; outward direct investment; China’s soft power and the implications for foreign relations; global migration, diaspora and talent. An enriching range of case studies and extensive empirical research are used to explore the successes and failures of globalization in China, and to discuss the dilemmas facing decision makers in today’s globalized world. A major contribution to the field, this Handbook offers valuable insights to China’s often misunderstood globalization process.

An essential reference for academics and researchers looking for a go-to empirical resource, this Handbook provides scholars of economics, politics and East Asian studies with an exemplary selection of contemporary research on China and globalization.

● Links：

https://www.e-elgar.com/shop/handbook-on-china-and-globalization

● Published by Springer

● Authors: Wang Huiyao, President and Miao Lu, Vice President, Center for China and Globalization(CCG), Beijing, China

The first effort to address the gap regarding higher-end talent within the scholarly work on internal labor migration in China

Provides an essential overview of the major milestones in China’s talents attraction policies, as well as several recommendations to help further improve those policies

Investigates corresponding policies in Germany, Japan, and Singapore to serve as a basis for comparison

Provides a snapshot of first-hand reference material for relevant stakeholders involved in cooperation with China

More Information

This book offers the most comprehensive, up-to-date assessment of China’s domestic and international migration. Restructuring economic development requires large numbers of educated and skilled talents, but this effort comes at a time when the size of China’s domestic workforce is shrinking. In response, both national and regional governments in China have been keen to encourage overseas Chinese talents and professionals to return to the country. Meanwhile, the Chinese government has initiated a number of policies to attract international highly-skilled talents and enhance the country’s competitiveness, and some Chinese policies have started attracting foreign talents, who are coming to the country to work, and even to stay. Since Chinese policies, mechanisms, and administration efforts to attract and retain skilled domestic or overseas talents are helping to reshape China’s economy and are significantly affecting the cooperation on migration and talent mobility, these aspects, in addition to being of scholarly and research interest, hold considerable commercial potential.

● Links：

https://www.springer.com/gp/book/9789811362552#aboutBook

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