Summary
As the World Bank and the International Monetary Fund gather this week, they will rightfully claim to be at the center of the international financial system. China does not share the West’s commitment to raising global standards of living by promoting sound macroeconomic policies. Instead, China seeks to promote its own economic, political, and military interests. China undermines attempts to uphold standards related to human rights, says D.J. D. J. It is time for democratic and capitalist nations to stop believing the fiction that China can be a productive force, he says. The author is a senior advisor at the Center for Strategic and International Studies. The author also served as the U.S. executive director of the World Bank Group.
