It is not the end of History: The Financing Institutions of the Belt and Road Initiative and the Bretton Woods System
Article from: TDM 3 (2017), in China
It is assumed that China's Belt and Road Initiative (BRI), and the international developmental financing institutions (IDFIs) recently created in order to support it, are going to challenge the Bretton Woods institutions and, as a consequence, the liberal order, contributing to a global shift in power from the United States to China. The aim of this article is to understand whether this is the case. After introducing the main Chinese financial institutions that are going to support the BRI, the article looks at the key differences between the BRI related IDFIs and the Bretton Woods ...