Pressures from Great Power Competition and International Public Goods Provi-sion Strategies of Emerging Powers
The provision of international public goods is an important way for a great power to demon-strate its style and enhance international recognition.For a long time,classical economics has been focusing on the"non-competitiveness and non-exclusiveness"of the consumption side but neglecting the"legitimacy and competitiveness"of the supply side.Since the 1970s,the hegemonic stability theory has relied principally on Western practice and ig-nored the dynamism of emerging powers.In today's era of flattened global governance and nonviolent international norms,the supply of international public goods has become an im-portant means for emerging powers to accumulate legitimacy and authority.Since the global financial crisis in 2008,the BRICS countries including China,Russia and India have sup-plied a great deal of international public goods that are different from those of Western coun-tries.Based on the two dimensions of functional heterogeneity and degree of congestion,the emerging powers can choose diversified supply paths in a timely and appropriate manner.The dynamic advantages of the emerging powers in global governance will bring opportuni-ties for the construction of an open and inclusive global governance system.
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