Beijing Sets the Rules of the Game Governing Global Capitalism: An Essay

China’s New Silk Road is challenging the international rules-based order that has governed the global economy since the Second World War. As unsettling as that may be for the establishment, there is value in understanding China’s ambitious geopolitical and economic initiative with a focus on its new rules of the game “with Chinese characteristics” that impact financial institutions, judicial systems, special economic zones, digital sovereignty, and transcontinental commerce incorporated into Silk Road projects. This essay begs the question as to whether China’s Silk Road will prove to simply be an expansion of the long-standing market system model or, ultimately, disrupt the global order in the years to come.

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Publication Details

Journal
Open Journal of Business and Management
Published
2025-01-01
DOI
https://doi.org/10.4236/ojbm.2025.133120
Primary Topic
Elite Sociology and Global Capitalism
Type
article
Field-Weighted Citation Impact
0.00
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article

Beijing Sets the Rules of the Game Governing Global Capitalism: An Essay

Patrice Flynn
Open Journal of Business and Management
Elite Sociology and Global Capitalism
article

Beijing Sets the Rules of the Game Governing Global Capitalism: An Essay

Patrice Flynn
article en

Abstract

China’s New Silk Road is challenging the international rules-based order that has governed the global economy since the Second World War. As unsettling as that may be for the establishment, there is value in understanding China’s ambitious geopolitical and economic initiative with a focus on its new rules of the game “with Chinese characteristics” that impact financial institutions, judicial systems, special economic zones, digital sovereignty, and transcontinental commerce incorporated into Silk Road projects. This essay begs the question as to whether China’s Silk Road will prove to simply be an expansion of the long-standing market system model or, ultimately, disrupt the global order in the years to come.

Open Journal of Business and ManagementVol. 13(03)
Mount St. Mary's University (US)
Decent work and economic growth
Openalex Percentile: Top 84%
Elite Sociology and Global Capitalism
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