ABSTRACT
How do societies and states navigate 21st-century multipolarity? Dynamics that EMDC face include the end of the export-led growth model, the end of the commodities boom, and international financial instability (as in the ebb and flow of QE in the US). Meanwhile the pressures of neoliberal institutions largely continue in international finance, credit rating agencies, MNCs, and trade pacts. Now China is on the horizon, which in many ways follows an updated version of the East Asian developmental state (EADS) with distinct differences. Its leading companies are going global and China is undertaking a major new global surplus recycling mechanism in the One Belt, One Road initiatives (Chapter 6.5).
