The new cold war and the rise of the 21st‐century infrastructure state

Schindler, Seth; DiCarlo, Jessica; Paudel, Dinesh

doi:10.1111/tran.12480

Cited by 65 publications

(26 citation statements)

References 86 publications

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“…The global competition between China and the US in the infrastructure sector matters (Schindler et al, 2021). When compared with the US, China imposes few general conditionalities on recipients of loans for infrastructure (the main exception is that countries cannot promote ‘splitism’ by recognising Taiwan).…”

Section: Tracing Ild’s Geo-economic Entanglements: Comparing Conditio...mentioning

confidence: 99%

Infrastructure-led development and the peri-urban question: Furthering crossover comparisons

Kanai

Schindler

2022

Urban Studies

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Contemporary development policy portrays enhanced connectivity as the key to fostering economic growth in lagging regions. This global policy consensus and consequent infrastructure scramble have resulted in a proliferation of new urban spaces. These are dispersed, fragmentary and often unrecognised as urban by projects and plans centred on large-scale connective infrastructures to integrate remote regions into circuits of capital. Whilst our understanding of infrastructure-led development is informed by critical engagements with planetary urbanisation, global infrastructure and logistics, this position paper seeks to reconcile political economy analyses with situated studies closer to lived forms of heterogeneous precariousness in emerging urban worlds. Addressing recent debates that frame these bodies of scholarship as antagonistic, we emphasise the supplementarity of perspectives from within and beyond urban studies. This pluralism can be practised through comparisons that will (i) trace the geo-economic relationality of mega-infrastructures, which conditions directly and indirectly their planning, financing, construction and management, and (simultaneously or independently) (ii) examine difference in the diverse experiences of and responses to emergent infrastructural urbanisms of precarity. The article shows that genetic and generative comparisons can inform a research agenda on (peri-)urban precariousness, engaging policies with unmistakable global moorings but complex multi-scalar politics, diverging outcomes and situated resistances and appropriations.

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Section: Tracing Ild’s Geo-economic Entanglements: Comparing Conditio...mentioning

confidence: 99%

Infrastructure-led development and the peri-urban question: Furthering crossover comparisons

Kanai

Schindler

2022

Urban Studies

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“…At the interplay between financial and technological statecraft and existing and emerging transnational finance infrastructures (cf. Mann, 2008; Schindler et al, 2021; Schouten & Mayer, 2016), digital currencies can enable a transfer of monetary power, as the development of new monetary systems usually accompanies some dispersion of political power (cf. Strange, 1988, p. 94).…”

Section: Digital Currencies and Us–china Power Competitionmentioning

confidence: 99%

Digital currencies, monetary sovereignty, and U.S.–China power competition

Huang

Mayer

2022

Policy & Internet

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The rise of digital currencies challenges practices of monetary sovereignty and impacts the international monetary order. Drawing on recent IPE debates about the public‐private nature of money, the critique of the “impossible trinity” and “territorial currencies,” this article explores the competition between China and the United States over and within the international monetary system. The two largest economies display strikingly divergent regulatory approaches to cryptocurrencies and Central Bank Digital Currency (CBDC). China completely banned cryptocurrencies but became a front‐runner in developing a CBDC. It aims to expand the RMB's global role without giving up its monetary control. U.S. administrations have instead reluctantly considered regulating cryptocurrencies. Discussions on a potential digital U.S. dollar (USD) only began in 2020. Washington aims at preserving the existing cross‐border financial mechanisms and offshore infrastructure for USD‐denominated transactions and credit creation. It focuses on financial crime and maintaining the innovation dynamic of its private sector to preserve its “exorbitant privilege.” Emerging financial infrastructures and standards for digital currencies are the new technological arena for U.S.–China monetary competition.

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“…Geoeconomic studies have looked at the role of Chinese expansion into different geographical areas in the wake of its geoeconomic Belt and Road Initiative (BRI), such as Central and Eastern Europe (Song, 2019), the Indo-Pacific (Li, 2020), Asia (Yeh, 2016) or the globe as such (Beeson, 2018). Similarly, a focus on the United States, often in geoeconomic competition with China, can be found on a global scale (Aggarwal & Reddie, 2021), within Asia (Lee et al, 2018), toward Iran (Rivlin, 2018), or within global infrastructures (Schindler et al, 2021). Some scholars take this even further away from the United States and China as major geoeconomic actors.…”

Section: Globalization and Change In Geoeconomic Timesmentioning

confidence: 99%

Geoeconomics in a Changing Global Order

Babić

Dixon

Liu

2022

International Political Economy Series

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This introductory chapter presents an overview and summary of the focus of this edited volume. We first discuss the contribution of the chapters to a more nuanced and novel way of studying geoeconomic dynamics from an IPE perspective as going beyond the classical geopolitical focus on conflict, state-centrism, and security issues. We then embed the volume in broader changes of globalization from the neoliberal era into a more confrontative phase since 2016. The third part of the introduction then interrogates the role of the EU in this changing global order and makes the case for studying this sidelined actor in contemporary discussions about geoeconomics. The fourth and last part introduces the different chapters in detail and lays out the plan of this book.

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The new cold war and the rise of the 21st‐century infrastructure state

Abstract: Relations between the USA and China have steadily deteriorated in recent years, and nearly all aspects of the relationship are characterised by competition and confrontation (

Cited by 65 publications

References 86 publications

Infrastructure-led development and the peri-urban question: Furthering crossover comparisons

Infrastructure-led development and the peri-urban question: Furthering crossover comparisons

Digital currencies, monetary sovereignty, and U.S.–China power competition

Geoeconomics in a Changing Global Order

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