|Table of Contents|

RCEP and China's participation in the reform of global economic governance system: plight, opportunities and paths(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2021年05期
Page:
31-40
Research Field:
RCEP研究专题
Publishing date:
2021-10-10

Info

Title:
RCEP and China's participation in the reform of global economic governance system: plight, opportunities and paths
Author(s):
HAN Yonghui1;  MAI Jinghua2;  ZHANG Fan1
(1. Guangdong Institute for International Strategies, Guangdong University of Foreign Studies,Guangzhou 510420, Guangdong, China; 2. School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou 510006, Guangdong, China)
Keywords:
global economic governance;  Regional Comprehensive Economic Partnership(RCEP);  economic globalization;  regional economic integration;  governance system reform;  reverse globalization;  World Trade Organization(WTO)
PACS:
F125; F744; F114.46
DOI:
-
Abstract:
In order to identify the challenges faced by China in its participation in the reform of global economic governance system, this paper explores the opportunities brought by the signing of Regional Comprehensive Economic Partnership(RCEP), and studies the paths in which China promotes the reform of global economic governance system by employing RCEP. This paper finds that the existing institutions of global economic governance are obsolete, certain countries have deliberately set up governance barriers, and the wave of reverse globalization has weakened the multilateral consensus of reform worldwide. The signing of the RCEP can bring China new opportunities in its participation in the reform of global economic governance system, facilitate the reconstruction of a rational and efficient global economic governance mechanism, eliminate unilateral and hegemonic barriers, and promote political mutual trust among sovereign nations. It is suggested that China should seize this opportunity of signing the RCEP, accelerate the construction of institutionally open economy, utilize the joint efforts of all regional economic and trade partners to properly handle the Sino-US co-opetition relationship, actively explore the innovations in global investment and trade governance, boost the linkup between the "Belt and Road" initiative and the RCEP framework, and safeguard as well as consolidate the multilateral political mutual trust.

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Memo

Memo:
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Last Update: 2021-10-10