{"product_id":"international-political-economy-of-the-renminbi-paperback-softback","title":"International Political Economy of the Renminbi - Paperback \/ softback","description":"\u003cp\u003eAlthough the internationalization of the Chinese renminbi is an important international political event, most of the studies of it place their analytical focuses largely just on China itself, the issuer of the currency. In contrast, this book addresses the question of how \u003ci\u003eforeign states\u003c\/i\u003e have responded to the renminbi’s internationalization, during its initial phase through the 2010s, and thereby breaks new ground in exploring the \u003ci\u003einternational politics\u003c\/i\u003e of currency internationalization. It builds a theoretical framework for analyzing a state’s policy toward renminbi internationalization, developing the key concept of \u003ci\u003ereactive currency statecraft\u003c\/i\u003e. It then applies this framework to the four select cases of the United Kingdom, Japan, South Korea and the United States. \u003c\/p\u003e\u003cp\u003eThis book reveals that all four of these countries have deliberately utilized their policies related to renminbi internationalization as means of achieving their own foreign policy goals associated with China, goals that have been principally economic in some cases but political in others. Remarkably, the predominant mode of response to the renminbi’s internationalization has been \u003ci\u003eaccommodative\u003c\/i\u003e. Even the United States and Japan—China’s chief geopolitical and also international currency rivals—have never attempted to actively suppress it. \u003c\/p\u003e\u003cp\u003eThis study provides new insights to anyone concerned with the transformation of the world monetary order, while also contributing a valuable analysis of the international politics surrounding the rise of China. \u003c\/p\u003e","brand":"Taylor \u0026 Francis","offers":[{"title":"Default Title","offer_id":45566285644014,"sku":"9781032077864","price":67.19,"currency_code":"AUD","in_stock":true}],"url":"https:\/\/bookland.com.au\/products\/international-political-economy-of-the-renminbi-paperback-softback","provider":"Book Land AU","version":"1.0","type":"link"}