The Political Economy of Japanese and Chinese Infrastructure Financing Governance, livre ebook

• Draws on interviews with individuals across Japan, China and Indonesia as well as several case studies of Chinese and Japanese financed large-scale infrastructure projects;

• Highlights Indonesia’s pivotal role in the geoeconomic rivalry between China and Japan.

This book explores the political economy of Chinese and Japanese infrastructure financing in Indonesia, examining how Chinese and Japanese actors utilize diverse modes including Official Development Assistant, commercial loans, export credits, business-to-business investments, and public–private partnerships to ensure profitability and manage risks.

Moving beyond traditional views of these financing modes as geoeconomic statecraft, the book exposes readers to a new perspective by situating infrastructure financing in the context of capitalist development. It reveals how contestation, conflicts, and compromise between socio-political forces including different segments of Japanese and Chinese capital, state actors, and civil society actors in Indonesia give shape to distinct modes of financing. Through detailed case studies and interviews across Japan, China and Indonesia, it uncovers the interplay between these forces and how their relations are sustained through regulatory complexes underpinning large-scale projects.

Introduction

1. Infrastructure Financing, Social Forces and the Regulatory Complex

2. Japanese-Led Infrastructure Financing and an Institutionalised Regulatory Complex in the New Order in Indonesia (1968-1998)

3. The Japanese Diffuse Regulatory Complex in the Democratised Indonesia (1998-2016)

4. Chinese-Led Infrastructure Financing and a Deinstitutionalised Regulatory Complex in Indonesia (1998-2013)

5. The Belt and Road Initiative (BRI) and China’s Institutionalised Regulatory Complex

Conclusion