Since 2015, China has actively promoted third-party market cooperation as a new model of international economic engagement. This approach brings together China, advanced economies, and beneficiary countries to jointly develop infrastructure and construction projects, moving beyond traditional bilateral cooperation framework. Official narratives portray tripartite cooperation as a triple-win arrangement that combines China's manufacturing capacity, partner countries' advanced technologies, and the development needs of beneficiary countries. While such cooperation promises risk-sharing, resource complementarity, and enhanced project quality, it also introduces new challenges, including higher transaction costs, divergent governance practices, and complex negotiations among multiple actors.

Addressing the central question of why stakeholders choose tripartite cooperation and how three-party collaboration shapes project outcomes, the book makes both theoretical and practical contributions. It integrates transaction cost theory, international relations theory, foreign direct investment theory, and infrastructure natural monopoly theory to advance a novel concept of semi-internalisation. The analysis provides policymakers, practitioners, and scholars with a framework to understand partner selection, interest alignment, and the evolving dynamics of one of China's significant yet understudied innovations in global economic cooperation

explains tripartite cooperation provides context for Chinese overseas investment analyzes China's development model

Autorentext

SU Chang holds a PhD from King’s College London, and this book is developed directly from her doctoral research. Prior to her PhD, she obtained two Master’s degrees in Development Studies from the University of Exeter and the University of Birmingham, where she built a strong academic foundation in development theory, international political economy, and global governance.

Klappentext

Since 2015, China has actively promoted “third-party market cooperation” as a new model of international economic engagement. This approach brings together China, advanced economies, and beneficiary countries to jointly develop infrastructure and construction projects, moving beyond traditional bilateral cooperation framework. Official narratives portray tripartite cooperation as a “triple-win” arrangement that combines China’s manufacturing capacity, partner countries’ advanced technologies, and the development needs of beneficiary countries. While such cooperation promises risk-sharing, resource complementarity, and enhanced project quality, it also introduces new challenges, including higher transaction costs, divergent governance practices, and complex negotiations among multiple actors.

Addressing the central question of why stakeholders choose tripartite cooperation and how three-party collaboration shapes project outcomes, the book makes both theoretical and practical contributions. It integrates transaction cost theory, international relations theory, foreign direct investment theory, and infrastructure natural monopoly theory to advance a novel concept of “semi-internalisation.” The analysis provides policymakers, practitioners, and scholars with a framework to understand partner selection, interest alignment, and the evolving dynamics of one of China’s significant yet understudied innovations in global economic cooperation

Inhalt

Chapter 1 Introduction.- Chapter 2 Review of Trends in the International Development of Tripartite Cooperation.- Chapter 3 Navigating the Tripartite Cooperation Realm: Insights from the Literature.- Chapter 4 Research Design and Methodology.- Chapter 5 Tripartite Panorama: Navigating Chinese Global Tripartite Cooperation Projects.- Chapter 6 Tripartite Tango: Unravelling Determinants and Actions in Cooperative Projects.- Chapter 7 Tripartite Odyssey: Tracing Paths of Cooperation through In-depth Case Studies.- Chapter 8 Conclusion and Discussion about Tripartite Cooperation.