Challenges for global economic security

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

Abstract

Extract:
Global economic security will be defined in the coming decades by two concurrent forces in international relations: the quest for energy and the rise of strategic regions. Pivotal to both will be the East, a hemisphere that spans Eurasia through to the Western Pacific and South Asia through to the Indian Ocean. East Asia, comprising China, Japan, Korea and the Association of Southeast Asian Nations (ASEAN), is the most dynamic region of the East. The International Monetary Fund (IMF) projects that in 2015 East Asia will account for over a quarter of global output (26.3%) compared to the USA's declined share of 22% (IMF cited in Rudd, 2010). The People's Republic of China (PRC or China), the world's biggest energy consumer in terms of a range of energy sources (oil, natural gas, nuclear power and renewable energy), may be viewed as the core state of the emerging global markets of East Asia and a core contributor to trade and investment in Africa and Latin America. With its growing resource needs, China represents a key determining factor in the way in which the quest for energy is handled. Its economic weight, especially when augmented by its regional associations, is such that its mode of international interaction will be setting standards rather than following them from the West. Its cross regional energy diplomacy will strongly influence the competition cooperation calculus: whether hedging or harmonising strategies become dominant in the geopolitics of the future. This chapter explores the challenges for global economic security at a time of transition from West to East. It concludes with a 'mandalic' recommendation that includes social policy for a more comprehensive security.
Original languageEnglish
Title of host publicationThe world economy today
Subtitle of host publicationMajor trends and developments
EditorsBrian de Schaine
Place of PublicationRepublic of Armenia
PublisherResearch Center Alternative
Pages38-56
Number of pages19
ISBN (Print)9789994127146
Publication statusPublished - 2012

Fingerprint

energy
China
IMF
economics
nuclear power
Indian Ocean
energy source
ASEAN
geopolitics
natural gas
renewable energy
South Asia
diplomacy
Korea
international relations
Latin America
Japan
market
interaction
resources

Cite this

Dellios, R. (2012). Challenges for global economic security. In B. de Schaine (Ed.), The world economy today: Major trends and developments (pp. 38-56). Republic of Armenia : Research Center Alternative
Dellios, Rosita. / Challenges for global economic security. The world economy today: Major trends and developments. editor / Brian de Schaine. Republic of Armenia : Research Center Alternative , 2012. pp. 38-56
@inbook{86789a60d76f441ba92b50495b5701e8,
title = "Challenges for global economic security",
abstract = "Extract:Global economic security will be defined in the coming decades by two concurrent forces in international relations: the quest for energy and the rise of strategic regions. Pivotal to both will be the East, a hemisphere that spans Eurasia through to the Western Pacific and South Asia through to the Indian Ocean. East Asia, comprising China, Japan, Korea and the Association of Southeast Asian Nations (ASEAN), is the most dynamic region of the East. The International Monetary Fund (IMF) projects that in 2015 East Asia will account for over a quarter of global output (26.3{\%}) compared to the USA's declined share of 22{\%} (IMF cited in Rudd, 2010). The People's Republic of China (PRC or China), the world's biggest energy consumer in terms of a range of energy sources (oil, natural gas, nuclear power and renewable energy), may be viewed as the core state of the emerging global markets of East Asia and a core contributor to trade and investment in Africa and Latin America. With its growing resource needs, China represents a key determining factor in the way in which the quest for energy is handled. Its economic weight, especially when augmented by its regional associations, is such that its mode of international interaction will be setting standards rather than following them from the West. Its cross regional energy diplomacy will strongly influence the competition cooperation calculus: whether hedging or harmonising strategies become dominant in the geopolitics of the future. This chapter explores the challenges for global economic security at a time of transition from West to East. It concludes with a 'mandalic' recommendation that includes social policy for a more comprehensive security.",
author = "Rosita Dellios",
year = "2012",
language = "English",
isbn = "9789994127146",
pages = "38--56",
editor = "{de Schaine}, Brian",
booktitle = "The world economy today",
publisher = "Research Center Alternative",

}

Dellios, R 2012, Challenges for global economic security. in B de Schaine (ed.), The world economy today: Major trends and developments. Research Center Alternative , Republic of Armenia , pp. 38-56.

Challenges for global economic security. / Dellios, Rosita.

The world economy today: Major trends and developments. ed. / Brian de Schaine. Republic of Armenia : Research Center Alternative , 2012. p. 38-56.

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

TY - CHAP

T1 - Challenges for global economic security

AU - Dellios, Rosita

PY - 2012

Y1 - 2012

N2 - Extract:Global economic security will be defined in the coming decades by two concurrent forces in international relations: the quest for energy and the rise of strategic regions. Pivotal to both will be the East, a hemisphere that spans Eurasia through to the Western Pacific and South Asia through to the Indian Ocean. East Asia, comprising China, Japan, Korea and the Association of Southeast Asian Nations (ASEAN), is the most dynamic region of the East. The International Monetary Fund (IMF) projects that in 2015 East Asia will account for over a quarter of global output (26.3%) compared to the USA's declined share of 22% (IMF cited in Rudd, 2010). The People's Republic of China (PRC or China), the world's biggest energy consumer in terms of a range of energy sources (oil, natural gas, nuclear power and renewable energy), may be viewed as the core state of the emerging global markets of East Asia and a core contributor to trade and investment in Africa and Latin America. With its growing resource needs, China represents a key determining factor in the way in which the quest for energy is handled. Its economic weight, especially when augmented by its regional associations, is such that its mode of international interaction will be setting standards rather than following them from the West. Its cross regional energy diplomacy will strongly influence the competition cooperation calculus: whether hedging or harmonising strategies become dominant in the geopolitics of the future. This chapter explores the challenges for global economic security at a time of transition from West to East. It concludes with a 'mandalic' recommendation that includes social policy for a more comprehensive security.

AB - Extract:Global economic security will be defined in the coming decades by two concurrent forces in international relations: the quest for energy and the rise of strategic regions. Pivotal to both will be the East, a hemisphere that spans Eurasia through to the Western Pacific and South Asia through to the Indian Ocean. East Asia, comprising China, Japan, Korea and the Association of Southeast Asian Nations (ASEAN), is the most dynamic region of the East. The International Monetary Fund (IMF) projects that in 2015 East Asia will account for over a quarter of global output (26.3%) compared to the USA's declined share of 22% (IMF cited in Rudd, 2010). The People's Republic of China (PRC or China), the world's biggest energy consumer in terms of a range of energy sources (oil, natural gas, nuclear power and renewable energy), may be viewed as the core state of the emerging global markets of East Asia and a core contributor to trade and investment in Africa and Latin America. With its growing resource needs, China represents a key determining factor in the way in which the quest for energy is handled. Its economic weight, especially when augmented by its regional associations, is such that its mode of international interaction will be setting standards rather than following them from the West. Its cross regional energy diplomacy will strongly influence the competition cooperation calculus: whether hedging or harmonising strategies become dominant in the geopolitics of the future. This chapter explores the challenges for global economic security at a time of transition from West to East. It concludes with a 'mandalic' recommendation that includes social policy for a more comprehensive security.

UR - https://www.worldcat.org/title/world-economy-today-major-trends-and-development/oclc/1007138611

M3 - Chapter

SN - 9789994127146

SP - 38

EP - 56

BT - The world economy today

A2 - de Schaine, Brian

PB - Research Center Alternative

CY - Republic of Armenia

ER -

Dellios R. Challenges for global economic security. In de Schaine B, editor, The world economy today: Major trends and developments. Republic of Armenia : Research Center Alternative 2012. p. 38-56