China’s Central Role in the Globalization and Slowbalization Trends
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Alicia Garcia Herrero
Abstract
China has played a central role in the previous phase of hiper-globalization but also in the ongoing phase of slowbalization, characterized by the decreasing size of global value chains which started after the global financial crisis in 2008. More recently, US-China strategic competition is contributing to the slowbalization process, especially in the technology space. Against such backdrop, China is reducing its dependence on the outside world, betting on technological self-reliance and working hard to build its own ecosystem. However, such trend does not mean isolation; on the contrary, China actively shapes its unique form of globalization by creating its own neighbourhood or area of economic influence. A prominent example of this effort is the Belt and Road Initiative (BRI), which aims at increasing China’s soft – and possibly hard – power with a hub and spoke approach.
References
Chorzempa, M. 2022. The United States Scrutinizes Investments Involving China More than Any Other Country | PIIE. https://www.piie.com/research/piie-charts/united-states-scrutinizes-investments-involving-china-more-any-other-country (accessed September 25, 2023).Suche in Google Scholar
García-Herrero, A., and E. Freymann. 2022. A New Kind of Belt and Road Initiative After the Pandemic. Retrieved from Bruegel | The Brussels-based economic think tank website https://www.bruegel.org/blog-post/new-kind-belt-and-road-initiative-after-pandemic.Suche in Google Scholar
UNCTAD. 2023. World Investment Report 2023. Retrieved from UNCTAD website https://unctad.org/publication/world-investment-report-2023.Suche in Google Scholar
© 2023 Walter de Gruyter GmbH, Berlin/Boston
Artikel in diesem Heft
- Frontmatter
- Editorial
- The Economists’ Voice, December Issue 2023, Geopolitical Tensions and Economic Policy Making
- Policy Papers
- European Public Policies and Sovereign Risk in the Eurozone: How State-Contingent Governance Hampers Fiscal Discipline
- The Reform of the European Fiscal Rules: In Search of Mechanisms Ensuring Sustainable Debt Levels
- How Brexit Damaged the United Kingdom and the City of London
- Understanding Economic Sanctions on Iran: A Survey
- A Soufflé only Rises Once: China’s Grim Economic Prospects
- Policy Forum: Geopolitical Tensions and Deglobalization
- Deglobalization: Reasons and Effects
- Geopolitical Tensions and Global Monetary (Dis)Order
- From BRICS to BRICS+: Sheer More Members is not a Challenge to G7
- The Rise and Fall of the Eurasian Regionalism
- Caught up by Geopolitics: Sanctions and the EU’s Response to Russia’s War Against Ukraine
- China’s Central Role in the Globalization and Slowbalization Trends
- German Chinese Economic Relations: Necessary Reassessment
- China’s Economy as Xi’s Means of Power Or Why the Chinese Economy is Not yet Bigger than That of the USA
- Systemic Rivalry of China and the West in Climate Policy
Artikel in diesem Heft
- Frontmatter
- Editorial
- The Economists’ Voice, December Issue 2023, Geopolitical Tensions and Economic Policy Making
- Policy Papers
- European Public Policies and Sovereign Risk in the Eurozone: How State-Contingent Governance Hampers Fiscal Discipline
- The Reform of the European Fiscal Rules: In Search of Mechanisms Ensuring Sustainable Debt Levels
- How Brexit Damaged the United Kingdom and the City of London
- Understanding Economic Sanctions on Iran: A Survey
- A Soufflé only Rises Once: China’s Grim Economic Prospects
- Policy Forum: Geopolitical Tensions and Deglobalization
- Deglobalization: Reasons and Effects
- Geopolitical Tensions and Global Monetary (Dis)Order
- From BRICS to BRICS+: Sheer More Members is not a Challenge to G7
- The Rise and Fall of the Eurasian Regionalism
- Caught up by Geopolitics: Sanctions and the EU’s Response to Russia’s War Against Ukraine
- China’s Central Role in the Globalization and Slowbalization Trends
- German Chinese Economic Relations: Necessary Reassessment
- China’s Economy as Xi’s Means of Power Or Why the Chinese Economy is Not yet Bigger than That of the USA
- Systemic Rivalry of China and the West in Climate Policy
