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Development finance institutions (DFIs), also known as public
development banks (PDBs) are public financial institutions
initiated and steered by governments with explicit official
missions to promote public policy objectives, and public
development banks (PDBs) are the main category. DFIs are
experiencing a renaissance worldwide, but there is limited academic
research examining their roles, operations, and effectiveness. This
book attempts to fill this gap by bringing together world-renowned
scholars who discuss in detail the economics and the social
consequences of both development banks and public banks. Combining
together, the chapters in this volume discuss topics from
sustainability, development impact of financial instruments, a new
development financial architecture, and the interaction with
existing international rules like the Basel Accord. This book will
be of particular interest to students, scholars, and researchers of
development finance, global governance, and international political
economy. The chapters in this book were originally published in the
Review of Political Economy.
This book shares Chinese scholars' philosophical views on
artificial intelligence. The discussions range from the foundations
of AI-the Turing test and creation of machine intelligence-to
recent applications of AI, including decisions in games, natural
languages, pattern recognition, prediction in economic contexts,
autonomous behaviors, and collaborative intelligence, with the
examples of AlphaGo, Microsoft's Xiao Bing, medical robots, etc.
The book's closing chapter focuses on Chinese machines and explores
questions on the cultural background of artificial intelligence.
Given its scope, the book offers a valuable resource for all
members of the general public who are interested in the future
development of artificial intelligence, especially from the
perspective of respected Chinese scholars.
China's initiative to establish the Asian Infrastructure Investment
Bank (AIIB), attracting membership from G7 countries against the
vocal opposition of the United States, has been recognised as a
significant moment in an ongoing hegemonic transition. This book
examines how power transitions have played out in the World Bank
over the last five decades, offering the first authentic account of
the international diplomacy behind donor financing of the World
Bank's International Development Association (IDA). Jiajun Xu
decodes how the United States amplified its influence at the World
Bank despite its flagging financial contributions to IDA. She
further demonstrates that the widening influence-to-contribution
disparity provoked other donors into taking 'exit/voice' measures,
contesting the hegemon's legitimacy. A rising China initially
decided to become an IDA donor, seeking influence from within.
However, the entrenched hegemonic position of the United States in
World Bank governance drove China to initiate the AIIB and New
Development Bank, putting competitive pressures on the US-centred
multilateral institutions to adapt.
China's initiative to establish the Asian Infrastructure Investment
Bank (AIIB), attracting membership from G7 countries against the
vocal opposition of the United States, has been recognised as a
significant moment in an ongoing hegemonic transition. This book
examines how power transitions have played out in the World Bank
over the last five decades, offering the first authentic account of
the international diplomacy behind donor financing of the World
Bank's International Development Association (IDA). Jiajun Xu
decodes how the United States amplified its influence at the World
Bank despite its flagging financial contributions to IDA. She
further demonstrates that the widening influence-to-contribution
disparity provoked other donors into taking 'exit/voice' measures,
contesting the hegemon's legitimacy. A rising China initially
decided to become an IDA donor, seeking influence from within.
However, the entrenched hegemonic position of the United States in
World Bank governance drove China to initiate the AIIB and New
Development Bank, putting competitive pressures on the US-centred
multilateral institutions to adapt.
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