Parallel Institutionalization; A Step on the Way of International Order Peaceful Transition (A China-Based Chain Value Vs. American Order)

Abstract

The Emergence of China and other rising powers in international relations era on the one hand, and the US reluctance or impotence in resolving issues, especially after monetary and financial crises in 2007 to 2008, and also its attempts on maintaining the current order on the other side have led to some important questions on purposes of rising powers and plenty of ambiguities about the future of international order. Many theorists, especially Realism and Power Transition scholars, believe that the future of the world order will be distinguished by a war. In this way, the main question that this article seeks to reply is the way that China’s economic growth and performance affect the international order transition, and also how this transition could be done peacefully despite Power Transition scholars’ belief that any transition will be done proceeded by a war. On this basis, the research hypothesis is how China’s parallel institutionalization for making a chain of non-American economic value in a long term will make participant states change their political approaches, where the result of which will be peaceful transition, and besides, how China will be turned into a confirmed multidimensional superpower without being involved in a major war. Therefore, examples of Asian Bank of Infrastructure Investigation, New Development Bank of BRICS (NDB), Belt and Road Initiative the Regional Comprehensive Project for Economic Association (RCEP) will be considered.

Keywords

• international order
• monetary and financial crises
• institutionalization
• china: usa