China's Race to the Top: Regional and Global Implications of China's Industrial Policy

Oh, Seung-Youn

doi:10.1017/s147474562000052x

Cited by 9 publications

(4 citation statements)

References 34 publications

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“…Recent literature has established that different types of capitalism exist in the world, and that they are distinguished from one another according to their social relationship with the environment and their consequent mode of regulation; the main global economies are distinguished in this work [20]. Despite the current debate around the capitalism of the Chinese economic model-considered out of the scope of this work-this work acknowledges considerations that place it on a capitalist approach [21][22][23]. Furthermore, this work considers a general global approach towards a capitalist economic model based on linear and growth-based neoclassical economics.…”

Section: Literature Review On Capitalism and Global Sustainabilitymentioning

confidence: 96%

Towards a Sustainability-Based Society: An Analysis of Fundamental Values from the Perspective of Economics and Philosophy

Hereu‐Morales

Valderrama

2022

Sustainability

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Sustainability faces numerous challenges when applied to the real-world global economic model of capitalism. In implementing sustainability planning based on the triple bottom line (TBL), the prevailing trend of the economic pillar compromises both the environment and society. A new vision of enduring sustainability is proposed in this paper to address such challenges by first considering the global economic model in the real world and, second, having strong core values of sustainability. To evaluate the first characteristic, a review of the literature regarding capitalism and TBL-sustainability has been conducted. For the second characteristic, a historical–philosophical discussion around the role of society and the economy has been conducted. The results suggest that a realistic sustainable society requires a fixed and sustained focus on environmental and social pillars together with a flexible organisation of society (including its economic model).

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Section: Literature Review On Capitalism and Global Sustainabilitymentioning

confidence: 96%

Towards a Sustainability-Based Society: An Analysis of Fundamental Values from the Perspective of Economics and Philosophy

Hereu‐Morales

Valderrama

2022

Sustainability

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“…China's foreign policy in recent years has been geared towards securing a respected position by its own efforts and on its own terms. China is developing from a rule‐taker to an influential rule‐maker (Alden & Large, 2015; Wang, 2020) that wants to shape the rules according to its own ideas and interests (Callahan, 2012; Oh, 2021; Shaffer & Gao, 2020). While it used open markets to maintain national economic growth, which implied a commitment to a rules‐based liberal trade law, China's economic system provokes a particular challenge for its implementation of trade rules (van Grasstek, 2019b; WTO, 2017).…”

Section: Trade Relations and Trade Policy At Present: More Politicise...mentioning

confidence: 99%

The EU's strategic autonomy in times of politicisation of international trade: The future of commission accountability

Weiß

2023

Global Policy

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Trade relations face unprecedented challenges, which has led to an increased politicisation and contestation of trade rules. In response, the EU has changed its trade policy under the motto ‘Open Strategic Autonomy’ towards a more assertive policy. The EU seeks to significantly expand its room of manoeuvre and to gain more autonomy by strengthening the enforcement of its trade rights and by ensuring more effectively, including unilaterally, a level playing field. This reorientation engenders several new or amended trade policy instruments, but meets with reservations as the renewed politicisation of EU trade policy will have internal consequences and raise demands for more democratic accountability of the European Commission. The new policy instruments will enlarge its leeway in trade policy. The future of the EU's multilateral, rule‐ instead of power‐oriented political stance becomes unclear, which might undermine its negotiation position in WTO reform and collide with the EU's respect for international law. The tensions of the EU's new hybrid approach with its international commitments even more fuel demands for increased accountability of the Commission as a safeguard against employing the new powers for protectionism and disrespect to international law. The contribution analyses the need for increased Commission accountability in the redirected trade policy.

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“…Second, many scholars accept the claim that industrial policy can successfully promote the development of specific industries (Oh, 2021; Wei, 2018; Zhao et al, 2019). This study shows that China's 5G industrial policies, especially in 2015–May 2019, distorted industrial development.…”

Section: Puzzling Divergence: China's 5g and Supercomputing Outcomesmentioning

confidence: 99%

China's 5G and supercomputing industrial policies: A critical (comparative) analysis

Zhang

2023

Global Policy

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The Chinese central government has greatly supported two strategic high‐tech industries: 5G and supercomputing. However, when both encountered similar U.S. sanctions, the 5G industry failed to make crucial upstream components while the supercomputing industry could. This article argues that the central government‐level industrial policies contributed to these divergent outcomes. Using natural language processing and qualitative content analysis of meticulously collected official documents and secondary sources, key policy differences were identified. Before the U.S. sanctions in May 2019, China's 5G industrial policies were significantly unbalanced, with inadequate attention given to research and development of vital upstream components, contributing to a lack of upstream investment. Although recent attempts to rebalance 5G industrial development since 2021, the policy focus remains largely on the mid and downstream segments. In contrast, before the U.S. sanctions in 2015, the supercomputing industrial policies emphasised the development of the entire industrial chain, including crucial upstream components, resulting in China's possession of entirely homegrown supercomputers. Leveraging a tri‐level analysis framework rooted in political economics, this study also offers possible explanations for the policy divergence and discusses implications. It contributes to the existing literature and ongoing debate on China and industrial policy amidst great power high‐tech competition.

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China's Race to the Top: Regional and Global Implications of China's Industrial Policy

Cited by 9 publications

References 34 publications

Towards a Sustainability-Based Society: An Analysis of Fundamental Values from the Perspective of Economics and Philosophy

Towards a Sustainability-Based Society: An Analysis of Fundamental Values from the Perspective of Economics and Philosophy

The EU's strategic autonomy in times of politicisation of international trade: The future of commission accountability

China's 5G and supercomputing industrial policies: A critical (comparative) analysis

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