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Understanding China’s Outlook on Global Aid & Development

The Chinese approach to global aid and development is very different than that of traditional donors in the U.S., Europe, and Japan. While Beijing is leveraging much of the existing global development infrastructure, including organizations like the IMF, the WHO, and the UN among others, they’re bringing a very different philosophy in how aid is administered in developing countries.

And just as in other areas of China’s geopolitical engagement with the international community, their approach to aid and development is also creating points of friction, both with the legacy powers and even with stakeholders in a number of recipient countries. China’s dedication to its non-interference doctrine and refusal to be fully transparent in aid delivery often leads to misunderstanding and tension.

Peking University Professor Yao Yang, dean of the university’s national school of development, joins Eric & Cobus from Beijing to discuss the Chinese outlook on global development and specifically how it differs from established Western norms.

Show Notes:

About Yao Yang:

Yao Yang is a Liberal Arts Chair Professor at the China Center for Economic Research (CCER) and the National School of Development (NSD), Peking University. He currently serves as the director of CCER, the dean of NSD, the executive dean of the ISSCAD, and the editor of CCER’s house journal China Economic Quarterly. He serves as the chairman of China Economic Annual Meetings and chairman of the Foundation of Modern Economics. He is a member of the China Economist 50 Forum. His research interests include economic transition and development in China. He has published more than a hundred research papers in international and domestic journals. He publishes or edits a dozen books on institutional economics, political economy, and economic development in China. He is also a prolific writer for magazines and newspapers, including the Financial Times and the Project Syndicate.

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