Skip to main content Accessibility help
×
Home
Hostname: page-component-59b7f5684b-fmrbl Total loading time: 0.954 Render date: 2022-10-03T11:51:26.140Z Has data issue: true Feature Flags: { "shouldUseShareProductTool": true, "shouldUseHypothesis": true, "isUnsiloEnabled": true, "useRatesEcommerce": false, "displayNetworkTab": true, "displayNetworkMapGraph": false, "useSa": true } hasContentIssue true

8 - Poisonous Dragon Fruits?

The Side Effects of Chinese Development Finance

Published online by Cambridge University Press:  21 April 2022

Axel Dreher
Affiliation:
Universität Heidelberg, Heidelberg, Germany
Andreas Fuchs
Affiliation:
Georg-August-Universität, Göttingen, Germany
Bradley Parks
Affiliation:
William & Mary, Virginia
Austin Strange
Affiliation:
The University of Hong Kong
Michael J. Tierney
Affiliation:
William & Mary, Virginia
Get access

Summary

In this chapter we focus on the intended and unintended side effects of Chinese development finance, which we address from two different angles, both at the country level and at subnational scales. In the first part of this chapter, we investigate whether and to what extent Chinese-financed aid and debt affect recipient countries’ propensity for civil conflict and environmental degradation. We then turn to the question of how Chinese-funded projects might affect the quality of governance in recipient countries and regions. China claims to follow a policy of non-interference in the domestic affairs of sovereign governments, which implies that its allocation decisions are made without considering the quality of governance, so that Chinese funds might prop up rogue regimes and delay much-needed governance reforms. The second part of this chapter turns to the popular claim that significant financial support from China impairs the effectiveness of aid from Western donors and lenders. Specifically, we investigate whether the effects of World Bank aid differ in countries or subnational regions that receive large volumes of Chinese support compared to other recipients.

Type
Chapter
Information
Banking on Beijing
The Aims and Impacts of China's Overseas Development Program
, pp. 247 - 281
Publisher: Cambridge University Press
Print publication year: 2022

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×