Yancheng Xin, 鑫丽 范
This paper examines the evolving mechanisms of International Public Goods (IPG) provision by shifting the analytical focus from traditional state-centric hegemonic stability to the structural power of multinational corporations (MNCs). While classical theories accurately identify the prohibitive costs and diminishing marginal returns associated with unilateral state provision, they often underappreciate the capacity of corporate actors to mitigate these systemic burdens. By integrating Susan Strange’s framework of structural power, this study conceptualizes MNCs as indispensable co-providers of global governance. Through an empirical analysis of Chinese MNCs, the research demonstrates a sustainable supplementary mechanism for IPG supply. Evidence from the digital logistics networks of the China-Europe Freight Train, institutional platforms like the China International Import Expo (CIIE), global health technological diffusion, and capacity- building investments in the Global South reveals how these enterprises leverage immense economies of scale to transform fixed sunk costs into global developmental benefits. Ultimately, this paper argues that the synergy between state strategic objectives and corporate market logic offers a resilient, economically sustainable paradigm for contemporary global governance