Way of Authoritarian Regional Hegemon? Formation of the RCEP From the Perspective of China

Yoo, In Tae; Wu, Charles

doi:10.1177/00219096211049792

Cited by 6 publications

(3 citation statements)

References 40 publications

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“…Thus, China's role is perhaps the most critical of the developments brought about by the RCEP and other regional integration agreements in East Asia. According to Tae Yoo and Chong-Han Wu, 69 China is an authoritarian regional hegemon, comfortable with this piecemeal move from bilateral to multilateral agreements, easing fear and reducing suspicion among member states. We think it is with a similar hegemonic rationale that China is now discussing a new trade agreement with the EU.…”

Section: Cwrmentioning

confidence: 99%

On Evolutionary Geoeconomics and the RCEP Case: A Correlative SWOT Analysis

Vlados¹

2023

China and WTO Review

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This integrative review introduces the correlative and evolutionary perspective of SWOT as a strategic analysis mechanism of geoeconomics. We use the Regional Comprehensive Economic Partnership (RCEP) as a case study. Thus, we establish the emerging challenges and threats by correlating the comparative strengths and weaknesses of the RCEP, its members, and the global system. We conclude that this evolutionary approach of SWOT in geoeconomics can contribute to a holistic understanding of the current phase of the new globalization. It appears that evolutionary geoeconomics studies dialectically opposing views and interests. In this direction, we find that the vision and ambitions of the RCEP do not delve into significant socioeconomic depth compared to other multilateral organizations. This fact poses strategic risks to this new trade bloc's longevity and socioeconomic sustainability. At the same time, we examine how these geostrategic dimensions are linked to the gradual construction of the broader framework of the new perspective of global socioeconomic development.

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Section: Cwrmentioning

confidence: 99%

On Evolutionary Geoeconomics and the RCEP Case: A Correlative SWOT Analysis

Vlados¹

2023

China and WTO Review

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“…Besides, some scholars argue that China has contributed significantly toward the conclusion of RCEP by engendering incentives for member countries to join through multiple cooperative structures. China turned to be more assertive in concluding the RCEP than in the early years of RCEP negotiations (Yoo and Wu, 2022). It is pointed out that the complex global value chains underlying the RCEP raise an important question on the macroeconomic (output, inflation, exchange rate, and interest rate) exposure of ASEAN to output shocks in the non-ASEAN-RCEP members, within the context of expanded regional architecture (Raghavan et al, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

China’s shipping market supervision system under theRCEP: Influence, challenges and countermeasures

Shi

2023

Front. Mar. Sci.

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The entry into force of the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement, has injected new vitality into multilateralism and free trade, against a background of global economic and political instability. Its core concept is to liberalize and facilitate trade. Regulation of the shipping market warrants attention. Under the RCEP, the international shipping industry is characterized by a digital development trend in shipping supervision, continuous upgrading of shipping management and supervision capabilities, and more open and transparent shipping market supervision. However, in the process of implementing new rules for shipping market supervision, there are still some challenges, such as logistics risks and loopholes in shipping supply chains, insufficient coordination of shipping supervision among RCEP member countries, and an imperfect legal and regulatory system. This paper therefore suggests that under the RCEP, China should strengthen the anti-risk ability of shipping supply chains, promote coordinated supervision among member countries, strengthen environmental protection, and promote the coordination of digital supervision.

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“…Fourth, China has ideational goods-exclusive in the form of multilateral financial cooperation, namely the BRI. Such financial initiative, which provides investment, aid, and debt for infrastructure projects globally id supported by other Chinese financial institutions, such as the AIIB (Yuliantoro and Dinarto, 2019), as well as regional economic governance such as the Regional Comprehensive Economic Partnership (RCEP) and other FTAs (Al-Fadhat, 2022; Yoo and Wu, 2021). BRI here serves as ideational goods-exclusive for China for two reasons: (a) its exclusive nature which promises certain benefits to its global members, whether directly involved or only provides support for the project and (b) it offers new alternative values and arrangements outside of the Western financial order, which was previously dominated by the United States through the IMF and the World Bank.…”

Section: China’s Structural Power In the Debt-trap Schemementioning

confidence: 99%

How China’s Debt-Trap Diplomacy Works in African Countries: Evidence from Zimbabwe, Cameroon, and Djibouti

Al-Fadhat

Prasetio

2022

Journal of Asian and African Studies

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Since the Belt and Road Initiative (BRI) was initiated in 2013, China under Xi Jinping has continued to expand its capital to various countries. This expansion is part of China’s strategy to shore up its position as a major global economic and political power vis-à-vis the United States. As nearly 70 countries have joined the BRI network, this economic cooperation scheme contributes to economic growth and helps close the infrastructure gap. Nevertheless, the case of China’s capital expansion in Africa has shown mixed results, where some economies are becoming more dependent and even facing a debt trap. This article addresses why such economic cooperation has turned into a debt trap for countries in the African region. Applying the concept of Structural Power in examining China’s investment in Zimbabwe, Cameroon, and Djibouti, this article argues that the debt trap has been caused by the structural disparity between China as an investor and African countries as investment recipients. China, in this case, has a more dominant “good” aspect, while African countries are more in “need.” This article also contends that the debt trap is a strategy carried out by the Chinese government to dominate the African economies in the long run. The three case studies are valuable as they represented different geographical locations in the region and portray a border of lower middle-income countries in general.

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Way of Authoritarian Regional Hegemon? Formation of the RCEP From the Perspective of China

Cited by 6 publications

References 40 publications

On Evolutionary Geoeconomics and the RCEP Case: A Correlative SWOT Analysis

On Evolutionary Geoeconomics and the RCEP Case: A Correlative SWOT Analysis

China’s shipping market supervision system under theRCEP: Influence, challenges and countermeasures

How China’s Debt-Trap Diplomacy Works in African Countries: Evidence from Zimbabwe, Cameroon, and Djibouti

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