China and Japan in Pursuit of Infrastructure Investment Leadership in Asia

Competition or Convergence?

In: Global Governance: A Review of Multilateralism and International Organizations
Saori N. Katada University of Southern California Department of Political Science and International Relations USA Los Angeles, CA

Search for other papers by Saori N. Katada in
Current site
Google Scholar
Jessica Liao North Carolina State University Department of Political Science USA Raleigh, NC

Search for other papers by Jessica Liao in
Current site
Google Scholar
View More View Less
Download Citation Get Permissions

Access options

Get access to the full article by using one of the access options below.

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institution


Buy instant access (PDF download and unlimited online access):



Powerful states often use tools of economic statecraft, such as foreign aid and other financial policy instruments, in a bid to “purchase” influence as well as establish regional leadership among their neighbors. How and why do these states undertake similar economic statecraft strategies and policies? The article examines the evolution of infrastructure financing policy of China and Japan and identifies the ever changing and, yet at the same time, mirroring interaction between the two countries’ development finance practices. We argue that emulation and competition have led to the process of policy diffusion between these two countries. The competition between these two foreign aid leaders in East Asia especially after China’s Belt and Road Initiative has shaped the region’s infrastructure development dynamics as they strive to move the equilibrium outcome to their advantage. Such equilibrium through the policy diffusion process has important implications on global development governance.

Content Metrics

All Time Past Year Past 30 Days
Abstract Views 2464 679 52
Full Text Views 399 128 2
PDF Views & Downloads 641 254 8