Endnote export
%T Kleptocracy and foreign loan decision-making process: insights from Malaysia's deals and renegotiations with China %A Abadi, Abdul Muein %J Journal of Current Southeast Asian Affairs %N 1 %P 135-158 %V 41 %D 2022 %K Entscheidungsprozess; Internationale Kredite; Kleptokratie; One-Belt-One-Road-Initiative %@ 1868-4882 %~ GIGA %U https://journals.sagepub.com/doi/pdf/10.1177/18681034211058470 %X One the largest cases of kleptocracy is attributed to the 1Malaysia Development Berhad (1MDB) scandal involving the former Malaysian Prime Minister, Najib Razak. As a result of the pressure to pay the debt, Najib signed multiple inflated infrastructure loans from China in 2016. This study analyses the manipulation of Public Service Bargains as a critical variable influencing the foreign loan decision-making of the kleptocrat leader. It concludes that Najib's manipulation strategies transformed the established Trustee-type to kleptocratic-type bargains in Malaysia's foreign loan decision-making process. The post-Najib's restoration of Trustee-type bargains under the new Malaysian government, followed by a series of successful renegotiations with China, attest to the significance of the Public Service Bargains system on the foreign loan decision-making process. This analysis also contributes to the wider discussion on the critical side of China's Belt and Road Initiative amidst a global call for good governance. %C GBR %G en %9 Zeitschriftenartikel %W GESIS - http://www.gesis.org %~ SSOAR - http://www.ssoar.info