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In sheer quantity, the five original BRICS countries appear impressive. They account for a substantial share of the world's population, economy, trade and muster large militaries. In January 2024, BRICS gained even more steam, by admitting four new member states that participated in the most...
Persistent link: https://www.econbiz.de/10015395702
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The Belt and Road Initiative (BRI) is a Chinese endeavor to create an international public good (IPG) for bringing a cooperative solution to existing infrastructure deficits, mainly in the Eurasian landmass. This article aims to question the institutional quality of the BRI as a global...
Persistent link: https://www.econbiz.de/10012119326
The Belt Road Initiative (BRI) suggested by China’s President Xi Jinping provides an ambitious vision encouraging a new level of cooperation among countries along several economic corridors spanning most of the Asian economies member of ESCAP. This paper reviews the trade and trade...
Persistent link: https://www.econbiz.de/10011756007
We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has experienced large and unpredictable geopolitical swings that originate from North Korea. To do so, a monthly index of geopolitical risk from North Korea (the GPRNK index) is constructed...
Persistent link: https://www.econbiz.de/10013306737
Der Begriff der Abhängigkeit findet in jüngerer Zeit immer mehr Eingang in politische Debatten. Sei es die Abhängigkeit der deutschen Wirtschaft von Exporten, die militärische Abhängigkeit Europas von den USA und nicht zuletzt die Abhängigkeit der Deutschen vom russischen Gas -...
Persistent link: https://www.econbiz.de/10013418897
The net-zero agreement on carbon emission from Paris 2015 gives a key role to fossil-free energy technologies with an expected multifold growth rate over the coming decades, when successively replacing oil, coal, and gas. In this paper, we delve into the EU's competitive advantage in the...
Persistent link: https://www.econbiz.de/10014440753
The issue of energy security is being reviewed from a standpoint of geopolitics. The contention is that geopolitics is … with a discussion of the earlier historical antecedents of geopolitics of natural resources and the imperialist struggle … the return of geopolitics that followed mass disillusionment with the neoliberal project of the nineties. The article ends …
Persistent link: https://www.econbiz.de/10014129152
The European Union is portrayed as a realm of international cooperation and coordination, of convergence and cohesion (via freedoms of movement and common policies), retaining ingrained traits such as member states geopolitical competition (with national interests on collision courses,...
Persistent link: https://www.econbiz.de/10015399549
How do shifts in the global balance of power shape the world economy? We propose a theory of alignment-based “hegemonic globalization,” built on two central premises: countries differ in their preferences over policies (such as the rule of law or regulatory frameworks) and trade between any...
Persistent link: https://www.econbiz.de/10015420366