The international political economy of the rise of China and emerging powers

2020 ◽  
pp. 74-91
Author(s):  
Li Xing ◽  
Zhang Shengjun
Keyword(s):  
Political Economy ◽  
International Political Economy ◽  
Rise Of China ◽  
Emerging Powers ◽  
The Rise Of China

16. Global political economy

2016 ◽  
Author(s):  
Nicola Phillips
Keyword(s):  
Political Economy ◽  
Case Studies ◽  
International Political Economy ◽  
The Other ◽  
Global Political Economy ◽  
Global Migration ◽  
Labour Exploitation ◽  
Rise Of China ◽  
Forced Labour ◽  
The Rise Of China

This chapter introduces the field of International Political Economy (IPE), the themes and insights of which are reflected in the Global Political Economy (GPE), and what it offers in the study of contemporary globalization. It begins with three framing questions: How should we think about power in the contemporary global political economy? How does IPE help us to understand what drives globalization? What does IPE tell us about who wins and who loses from globalization? The chapter proceeds by discussing various approaches to IPE and the consequences of globalization, focusing on IPE debates about inequality, labour exploitation, and global migration. Two case studies are presented, one dealing with the BRICs and the rise of China, and the other with slavery and forced labour in global production. There is also an Opposing Opinions box that asks whether national states are irrelevant in an era of economic globalization.

16. Global political economy

2019 ◽  
pp. 256-270
Author(s):  
Nicola Phillips
Keyword(s):  
Political Economy ◽  
Case Studies ◽  
International Political Economy ◽  
The Other ◽  
Global Political Economy ◽  
Global Migration ◽  
Labour Exploitation ◽  
Rise Of China ◽  
Forced Labour ◽  
The Rise Of China

This chapter introduces the field of International Political Economy (IPE), the themes and insights of which are reflected in the Global Political Economy (GPE), and what it offers in the study of contemporary globalization. It begins with three framing questions: How should we think about power in the contemporary global political economy? How does IPE help us to understand what drives globalization? What does IPE tell us about who wins and who loses from globalization? The chapter proceeds by discussing various approaches to IPE and the consequences of globalization, focusing on IPE debates about inequality, labour exploitation, and global migration. Two case studies are presented, one dealing with the BRICs and the rise of China, and the other with slavery and forced labour in global production. There is also an Opposing Opinions box that asks whether national states are irrelevant in an era of economic globalization.

The political economy of currency internationalisation: the case of the RMB

2017 ◽  
Vol 43 (4) ◽  
pp. 765-787 ◽  
Author(s):  
Randall Germain ◽  
Herman Mark Schwartz
Keyword(s):  
Political Economy ◽  
Global Economy ◽  
Adjustment Costs ◽  
Critical Element ◽  
International Currency ◽  
Political Consequences ◽  
Trade Offs ◽  
Rise Of China ◽  
External Conditions ◽  
The Rise Of China

AbstractThe rise of China has sparked a debate about the economic and political consequences for the global economy of the internationalisation of the renminbi. We argue that the dominant focus of this literature – primarily the external conditions and requirements for a national currency to become an international currency – misspecifies the connections between the international and domestic requirements for currency internationalisation, as well as the potential to become the dominant international reserve currency. We correct this oversight by developing an integrated theoretical framework that highlights the domestic adjustment costs which a state must accommodate before its currency can carry the weight of internationalisation. These costs constitute a critical element of an international currency’s ‘political economy’, and they force states to negotiate contentious social trade-offs among competing domestic claims on finite public resources in a sustainable manner. Our analysis suggests that the likelihood of China being able to successfully negotiate the social costs associated with running a fully internationalised currency is currently very low, precisely because this will place unacceptable pressure on groups benefiting from the economic and political status quo. This further suggests that the American dollar will remain unchallenged as the global economy’s pre-eminent international currency for the foreseeable future.

scholarly journals Interdependent Hegemony: China’s Rise Under the Emerging New World Order

2018 ◽  
Vol 04 (02) ◽  
pp. 159-175
Author(s):  
Xing Li ◽  
Shengjun Zhang
Keyword(s):  
World Economy ◽  
World Order ◽  
Conceptual Tool ◽  
The World ◽  
Rise Of China ◽  
Capitalist World Economy ◽  
Basic Features ◽  
Emerging Powers ◽  
Changes Over Time ◽  
The Rise Of China

To better assess the global impact of the ascendance of emerging powers brought about by globalization, this paper attempts to provide a conceptual framework of “interdependent hegemony,” which can serve as an alternative conceptual tool for analyzing the dynamics between the role of emerging powers as a counter-hegemonic, socio-political force and the hegemonic resilience of the existing international order. The paper also regards the capitalist world economy as a dynamic system which is under constant changes over time, whereas certain basic features of the system remain in place. It is argued that despite the rise of emerging powers, the functioning of the world economy will always generate inequalities with positional changes in the stratification of the core-semiperiphery-periphery structure. In this context, the rise of China as both a recipient and provider of global production and investment is fundamentally a positive driving force behind the evolution of the world system.

Open Economy Politics Revisited

2021 ◽  
Author(s):  
Stephanie J. Rickard
Keyword(s):  
Open Economy ◽  
International Political Economy ◽  
Economic Policies ◽  
Economic Relations ◽  
International Economic Relations ◽  
Recent Developments ◽  
Rise Of China ◽  
Emerging Issues ◽  
The Rise Of China ◽  
Political Backlash

Scholars of International Political Economy (IPE) working in the open economy politics (OEP) tradition use interests, institutions and international bargaining to explain economic policies, as well as international economic relations. A large amount of research in IPE today fits squarely within the OEP paradigm, which makes OEP itself an expedient subject for investigation. This chapter describes the OEP framework and discusses recent developments that have challenged it, including the behavioral revolution and the growing importance of economic geography. An evaluation of how the paradigm has evolved in response to these challenges is undertaken. The chapter concludes with a discussion of emerging issues that confront the OEP paradigm going forward, including the rise of China and the growing political backlash against globalization and the liberal international order.

The Future of the Brussels Effect

2019 ◽  
pp. 265-288
Author(s):  
Anu Bradford
Keyword(s):  
Market Power ◽  
The United Kingdom ◽  
Multilateral Institutions ◽  
Political Struggles ◽  
The Future ◽  
Rise Of China ◽  
Emerging Powers ◽  
The Rise Of China ◽  
Rule Making ◽  
The Eu

Chapter 9 concludes this book by looking into the future. It addresses both external and internal challenges to EU’s regulatory hegemony and examines whether and how the Brussels Effect will persist, given these challenges. The impending departure of the United Kingdom from the EU may appear to weaken the EU’s regulatory power. The growing concerns over the future of multilateral institutions and international cooperation may also challenge the EU’s ability to shape the global regulatory environment. Additional challenges loom on the horizon. These include the rise of China and other emerging powers that will gradually erode the relative market power of the EU. Technological change may revolutionize industrial processes, allowing for greater customization and thereby reducing the need to produce to a single global (often European) standard. Finally, the EU’s internal political struggles may compromise its ability to engage in effective rule making as the anti-EU sentiment grows. This chapter will consider each of these challenges in turn, offering an account of not just the EU’s regulatory power but the persistence of that power.

The Political Economy of Peaceful Change

2020 ◽  
Author(s):  
Lars S. Skålnes
Keyword(s):  
Trade Agreements ◽  
Economic Interdependence ◽  
Economic Policies ◽  
Policy Makers ◽  
Open World ◽  
Economic Statecraft ◽  
Globalized Economy ◽  
Rise Of China ◽  
Emerging Powers ◽  
The Rise Of China

This chapter discusses the role of economic interdependence and economic statecraft in promoting peaceful change. The rise of China and other emerging powers has rekindled interest among policy makers and scholars alike in the role foreign economic policies can play as strategic instruments. Trade wars, the emerging discipline of geoeconomics, and the new interdependence approach are examples of the increased attention being paid to asymmetric interdependence and economic discrimination. The use of such instruments, however, takes place in a globalized economy that is still characterized by high levels of economic interdependence. Several aspects of the modern globalized economy tend to promote an open world economy, higher trade, and peaceful relations such as intra-industry trade and globalized value chains. Preferential trade agreements and particularly regional trade agreements have more ambiguous effects, as they tend to be discriminatory and as such have the potential to increase international tension.

scholarly journals The Rise of China-Indonesia Relationship: Soft Power, Resources, and Prospect in the Future

2017 ◽  
Vol 2 (2) ◽  
pp. 131
Author(s):  
Juniar Laraswanda Umagapi
Keyword(s):  
Economic Integration ◽  
Soft Power ◽  
Research Method ◽  
Power Resources ◽  
The World ◽  
The Future ◽  
Rise Of China ◽  
The Many ◽  
Emerging Powers ◽  
The Rise Of China

China is the emerging powers that many people believe that in the many years later they will be the most productive country with the fastest growing economic development in the world. As a consequence, China would be the main actor for global integrations as well as one of strategic partners for Indonesia. This research employs qualitative research method to understand which aspect influence the most towards Indonesia and China partnership. This paper will show the future partnership between China and Indonesia in economic and socio-cultural aspect.Keywords: China, Indonesia, emerging powers, economic, integration, socio-cultural

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