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Conclusion

Chapter

Abstract

This chapter distills the central message, discusses its practical and theoretical implications, and delineates a future research agenda. The central message of the book is that China’s globalization of its development finance for energy through its twin policy banks is integral to its national drive toward modernization . Practically, while China’s global energy finance contributes to energy poverty alleviation and energy security improvement in recipient countries, its overwhelming majority has flown into fossil fuels, thus raising complications about China’s role in global governance on climate change and development finance. Theoretically, the book’s main findings call into doubt the power-based, ideology-based, and geopolitics-based theories about the country’s global economic expansion at the beginning of the twenty-first century. Understanding the policy banks’ effectiveness in promoting the Chinese state’s agenda abroad and assessing the local and global impacts of the country’s energy finance, especially in a comparative manner, represent the agenda for future scholars.

Keywords

“Homeward linkage” Modernization ODA ODF 

References

  1. Gallagher, Kevin P. 2017. China’s Global Energy Finance. Boston: Boston University Global Economic Governance Initiative.Google Scholar
  2. International Energy Agency. 2017. Energy Access Outlook 2017: From Poverty to Prosperity. In World Energy Outlook Special Report. Paris: OECD and IEA.Google Scholar
  3. World Bank. 2018. World Bank Development Indicators. Washington, DC: World Bank.Google Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.ConocoPhillips Petroleum Chair in Chinese and Asian Studies David L. Boren College of International StudiesUniversity of OklahomaNormanUSA

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