Eurocentric fables of international debt and China. China report
The article outlines different trajectories of the international debt trap diplomacy, which uses debt as a tool to control resources and to undermine state and governments in countries outside the Westphalian outlook. The debt is not only an economic tool but also a weapon of political leverage. Dev...
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| Format: | Article |
| Language: | English |
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Sage
2024
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| Online Access: | https://repository.londonmet.ac.uk/9737/3/Eurocentric%20Fables%20of%20International%20Debt%20and%20China.pdf |
| _version_ | 1824446491728543744 |
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| author | Nayak, Bhabani Shankar |
| author_facet | Nayak, Bhabani Shankar |
| author_sort | Nayak, Bhabani Shankar |
| collection | LMU |
| description | The article outlines different trajectories of the international debt trap diplomacy, which uses debt as a tool to control resources and to undermine state and governments in countries outside the Westphalian outlook. The debt is not only an economic tool but also a weapon of political leverage. Developed countries use debt as tool of their economic and political agenda to dominate world economy and politics in order to pursue the project of debt led capitalist dependency as a dominant global system. The article argues that it is time to democratise rules, regulations and institutions that govern international debt to ensure egalitarian political economy of development focusing on people and the planet. It engages with alternative Chinese debt based engagement with Africa. |
| first_indexed | 2025-02-19T01:16:00Z |
| format | Article |
| id | oai:repository.londonmet.ac.uk:9737 |
| institution | London Metropolitan University |
| language | English |
| last_indexed | 2025-02-19T01:16:00Z |
| publishDate | 2024 |
| publisher | Sage |
| record_format | eprints |
| spelling | oai:repository.londonmet.ac.uk:97372024-11-25T10:46:57Z https://repository.londonmet.ac.uk/9737/ Eurocentric fables of international debt and China. China report Nayak, Bhabani Shankar 320 Political science 330 Economics The article outlines different trajectories of the international debt trap diplomacy, which uses debt as a tool to control resources and to undermine state and governments in countries outside the Westphalian outlook. The debt is not only an economic tool but also a weapon of political leverage. Developed countries use debt as tool of their economic and political agenda to dominate world economy and politics in order to pursue the project of debt led capitalist dependency as a dominant global system. The article argues that it is time to democratise rules, regulations and institutions that govern international debt to ensure egalitarian political economy of development focusing on people and the planet. It engages with alternative Chinese debt based engagement with Africa. Sage 2024-10-17 Article PeerReviewed text en https://repository.londonmet.ac.uk/9737/3/Eurocentric%20Fables%20of%20International%20Debt%20and%20China.pdf Nayak, Bhabani Shankar (2024) Eurocentric fables of international debt and China. China report. China Report, 60 (3). pp. 212-217. ISSN 0009-4455, 0973-063X https://doi.org/10.1177/00094455241287930 10.1177/00094455241287930 10.1177/00094455241287930 |
| spellingShingle | 320 Political science 330 Economics Nayak, Bhabani Shankar Eurocentric fables of international debt and China. China report |
| title | Eurocentric fables of international debt and China. China report |
| title_full | Eurocentric fables of international debt and China. China report |
| title_fullStr | Eurocentric fables of international debt and China. China report |
| title_full_unstemmed | Eurocentric fables of international debt and China. China report |
| title_short | Eurocentric fables of international debt and China. China report |
| title_sort | eurocentric fables of international debt and china china report |
| topic | 320 Political science 330 Economics |
| url | https://repository.londonmet.ac.uk/9737/3/Eurocentric%20Fables%20of%20International%20Debt%20and%20China.pdf |
| work_keys_str_mv | AT nayakbhabanishankar eurocentricfablesofinternationaldebtandchinachinareport |