In his guest lecture, Gregory Shaffer (University of California, Irvine School of Law) will speak about China's incremental development of a new, decentralized model of trade governance through a web of finance, trade, and investment initiatives involving memorandum of understandings, contracts, and trade and investment treaties.
China is incrementally developing a new, decentralized model of trade governance through a web of finance, trade, and investment initiatives involving memorandum of understandings, contracts, and trade and investment treaties. In this way, China could create a vast, Sino-centric, regional order in which the Chinese state plays a nodal role. Chinese state-owned and private enterprises have now internationalized and integrated within Sino-centric global production chains. It is a hub and spokes model, with China at the hub. In this lecture Shaffer will first examine China’s export of an infrastructure-based development model, before turning to its creation of a complementary web of free trade and investment agreements, and an indigenous innovation policy. The paper theorizes and empirically traces how this forms part of the broader evolving ecology of transnational trade legal orders.
Gregory Shaffer, Chancellor’s Professor of Law, is Director of the Center on Globalization, Law, and Society. His work is cross-disciplinary, addressing such topics as national law in transnational context; public-private networks in international trade law; and comparative institutional approaches to global governance.
He previously was Melvin C. Steen Professor of Law at the University of Minnesota Law School, Wing-Tat Lee Chair at Loyola University Chicago School of Law, and Professor at the University of Wisconsin Law School, where he also directed two university research centers on World Affairs and the Global Economy (WAGE) and the European Union. He received his B.A., magna cum laude, from Dartmouth College and his J.D., with distinction, from Stanford Law School. He practiced law in Paris for seven years for Coudert Frères and Bredin Prat, where he was a member of the Paris bar.
Gregory Shaffer’s lecture is based on the paper ‘A New Chinese Economic Law Order?’ written by Gregory Shaffer and Henry S. Gao and is available on SSRN: https://ssrn.com/abstract=3370452