Taiwan-China economic ties will grow, despite tension

Significance Even as China's military intimidation of Taiwan reaches its highest level in decades, economic interaction continues expanding. During the first ten months of 2021, Taiwan’s exports to China reached a record high of USD154.68bn, or 42.5% of its total. Impacts Chinese sanctions on Taiwan will not have much impact on overall economic interaction. Beijing will encourage further economic integration, especially Taiwanese investment in China. Taiwanese firms will not terminate business with China, but will increase their investment in friendlier countries. China will remain Taiwan’s top economic partner.

Subject China-Russia cooperation. Significance Beijing and Moscow are compensating for deteriorating ties with Washington by building -- or at least declaring -- close political and economic relations with each other. Chinese exporters of production and consumer goods are replacing Western companies that are curtailing activities due to Western sanctions and Moscow’s countersanctions. However, neither Beijing nor Moscow sees the other as a true substitute for normal relations with Washington. Impacts China and Russia will more actively use the renminbi and ruble as settlement currencies. Russia will preserve its position as China’s key supplier of oil and will significantly expand deliveries of natural gas. Russia will press for closer ties in high-tech industries; China will be wary, fearing this might prompt new US sanctions. The epicentre of Russia’s foreign economic ties will shift further from the EU to China. Greater economic interaction with Russia will help China cement its relations with other former Soviet countries.


Subject China's multilateral approach in Africa. Significance After more than a decade of China-Africa engagement characterised by bilateral economic ties, Beijing has shifted to pursue a more multilateral approach. China is departing from its long-held policy of non-interference in favour of a more comprehensive engagement with the continent, visible in terms of diplomacy, security and development finance. This strategic shift is not confined to Africa, but representative of Beijing's new interest in international economic integration and its desire to take a leadership role in global institution building. Impacts Experiments with institutionalising regional relations in Africa and Asia may inform the structure of new Chinese partnerships elsewhere. Attention on formal relations overshadows the more prominent Chinese presence in Africa that is outside Beijing's control. African states welcome deeper and more comprehensive Chinese cooperation as a way to leverage -- not offset -- Western ties.


Author(s):  
Evgenii V. Palamarenko ◽  

The lack of Russian-language research on the features of the economic development of Israel as an OECD member state underlines the urgent need to identify new trends in the Israeli economy. Not taking into account the existing variety of humanitarian studies, and especially the concentration of studies on the political history of Israel and its modern component, we can recognize a clear lack of work that would cover Israeli economy. Current trends in Israeli trade relations, which have begun to make the mselves clear, require both consideration of effective trade and economic interaction between Israel and Palestine, and identification of the peculiarities of hidden regional trade and economic ties. Israel and Palestine are in close cooperation on the exchange of labor and goods, despite the lack of a political settlement. For Palestine, Israel is a major trading partner, and Palestine plays a key security role for Israel. The second important aspect in covering new trends in the Israeli economy may be the need to study the nascent format of cooperation between Israel and the Middle East. The article explores the specifics of economic relations between Israel and the countries of the Middle East, reveals the growing role of economic relations between Israel and the countries of the region.


2019 ◽  
Vol 25 (1) ◽  
pp. 14-18
Author(s):  
Christina Bache

Purpose The following question drove this research: Would the pursuit of a rights-based approach, one that considers local dynamics and political sensitivities result in greater economic integration and social inclusion of Syrian refugees in Turkey? The paper aims to discuss this issue. Design/methodology/approach This piece draws on independent research the author conducted in Turkey and other frontline states to the war in Syria from 2016 to 2018. Findings Despite a shift in government policy toward Syrian refugees, without an overarching rights-based approach that includes the participation of all stakeholders and considers local dynamics and political sensitivities, enhancing the livelihood security of Syrian refugees and vulnerable members of host communities remains bleak in Turkey. Originality/value This original paper closely examines the Government of Turkey’s response to the humanitarian crisis that was precipitated by the armed conflict in Syria. The paper also examines the socioeconomic dynamics and increased tensions between the Syrian refugee and host communities.


2014 ◽  
Vol 6 (1) ◽  
pp. 4-20 ◽  
Author(s):  
Yaokuang Li ◽  
Li Ling ◽  
Juan Wu ◽  
Peng Li

Purpose – The paper is aimed to obtain a clear understanding of influence factors that can increase the possibility to be business angels (BA). Design/methodology/approach – This study develops the 3A model in the Chinese context to design questionnaire, and 334 questionnaires are obtained via focus group sample and targeted snowball approach, and the multinomial logit analysis is used to test a serious of hypotheses. Findings – The paper confirmed that the entrepreneurial experience and wealth are determinants of investment for potential BA, and the wealth have both directly and indirectly positive influence on investment activity through risk preference, namely that richer people prefer risk which impel them to invest as BA. Research limitations/implications – There are two limitations in the paper: first, the macro environment in China has not been taken into consideration in the model; second, the source of the sample focuses on the developed cities in the middle and eastern of China, only reflect the characteristic of angels in these areas, which may somewhat diverges from the reality. Practical implications – The paper would contribute to form the policy which could promote the development of angel investment in China. Originality/value – This paper conducts a preliminary exploration of the factors that have impact on Chinese BA' investment activity based on current research.


2018 ◽  
Vol 26 (2) ◽  
pp. 94-110 ◽  
Author(s):  
Jan-Erik Vahlne ◽  
Inge Ivarsson ◽  
Claes G. Alvstam

Purpose This paper aims to contribute to the debate concerning the asserted end of the globalization process. Design/methodology/approach This paper is a description of the evolution of all Swedish MNEs, the 50 largest companies and the ten truly global MNEs, building on data compiled by the authors, mainly from annual reports. Findings The largest Swedish MNEs have continued to globalize and have at the same time improved their financial performance during the period of study, 2010-2016. Practical implications The proposition that multinationals are heading home cannot be confirmed in the Swedish case. There is therefore a need to compare Swedish experiences with other national examples to better generalize the findings. Social implications The political decisions regarding external trade and foreign direct investment should support continuous liberalization and facilitation of cross-border economic interaction. Originality/value As Swedish MNEs are more globalized than the average in advanced economies, this study offers insight into the contemporary internationalization process.


2021 ◽  
Vol 17 (4) ◽  
pp. 404-418
Author(s):  
Olga V. Bakhlova ◽  
Ekaterina G. Uliashkina

Introduction. Economic cooperation between the Russian Federation and the Republic of Belarus is based on the platforms of the Commonwealth of Independent States, the Union State, and the Eurasian Economic Union. These associations contribute to the identification and promotion of promising business niches and areas of economic integration, taking into account the interests of the participating countries. The Union State, embodying a more multidimensional idea of integration, encourages us to turn to a deeper and more substantive analysis of the relationship between various factors and spheres. The purpose of the article is to identify positive and negative constants and dominants of economic interaction between the Russian Federation and the Republic of Belarus in the general course of integration processes in the CIS and in the context of current challenges of modernity for both countries and the Union State. Materials and Methods. The main research methods are diachronic analysis, event analysis and the method of studying documents. The main sources are materials posted on the Internet resources of integration associations with the participation of the Russian Federation and the Republic of Belarus. Results. The key actors – state and non-state participants in the economic integration of Russia and Belarus – are identified, the degree of their involvement in integration processes and the dynamics of interaction are characterized. The most attractive traditional spheres of Russian-Belarusian integration are shown, as well as new vectors determined by current needs. Discussion and Conclusion. A moderate positive scenario is considered the most likely in the field of economic integration of Russia and Belarus. The deepening of integration is determined by the content and orientation of the “road maps”, the established economic relationships and political motives in the internal and external spheres. However, the economy in the process of union building largely continues to follow politics. The necessity of closer coupling of efforts within the framework of the CGB and the EAEU is shown. At the same time, the “dissolution” of the Union State in the EAEU and subordination to it in the logic of integration development are assessed as undesirable.


2014 ◽  
Vol 7 (2) ◽  
pp. 70-89 ◽  
Author(s):  
Soumyananda Dinda

Purpose – The aim of this paper was to focus on China’s economic integration with Asia region and the world. It also attempts to find the long-run relation with short-run dynamics of China’s trade in Asia and the world. Design/methodology/approach – The augmented Dickey–Fuller and Phillips–Perron methods are applied to test the time-series properties of the variables. Co-integration technique is used to detect the economic integration of China’s export to the USA and its import from Asian nations using monthly aggregate data from December 2005 to July 2010. Findings – This study observed that empirically China’s export to the USA depends on exchange rate and China’s import from Asia depends on China’s export to the USA. China has double role in international trade – China acts as an attractor of all inputs from Asia, and China exports the final products in international market. This study also reveals that the speed of China’s import from Asia is faster than that of China’s export to the USA. Research limitations/implications – This study has some limitation in terms of data availability, and choice of methodology like the Gravity model Practical implications – The results imply that China’s trade should be treated as an engine of growth in the Asian developing countries and the trade promotion policies should be encouraged. The emerging China will create other opportunities through trade integration with Asia and the world. Social implications – These empirical findings will help policy-makers formulate their policy and design the mechanism for application as per their targets. Originality/value – China is economically integrated with the region and the world. The paper contributes to measure the speed of China’s export and import in short run within Asia and the world. These empirical findings will help policy-makers to formulate their policy and design the mechanism for application as per their targets.


2018 ◽  
pp. 004908571878468
Author(s):  
Imad El-Anis

Since the late 1980s governments in the Middle East and North Africa (MENA) have created commercial institutions in order to promote regional economic integration. The primary aim of this policy has been regarded as the promotion of economic welfare gains at the national level. The second, albeit less-emphasized goal, has been to promote regional peace through economic interdependence. This study examines the prospects for a liberal peace in the MENA by analyzing two stages of the commercial institutional peace. First, the study considers whether commercial institutions have promoted intra-regional trade in the MENA. Second, it examines whether economic interaction has had an impact on promoting peace within the region. Twenty states are considered here and the unit of analysis is the dyad-year over a 25-year period from 1990 to 2014. This study finds that commercial institutions in the MENA have only a limited positive correlation with trade volume and while there is a direct positive correlation between economic integration and peace in the region, this is quite limited. These findings suggest that the conclusions made by previous studies demonstrate a direct positive correlation between commercial institutions (and economic integration more generally) and peace, may be less applicable to some regions such as MENA.


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