The Third Option for the South China Sea (eBook)

The Political Economy of Regional Conflict and Cooperation

David Jay Green (Autor)

eBook Download: PDF

2016 | 1st ed. 2016
XXIII, 138 Seiten
Springer International Publishing (Verlag)
978-3-319-40274-1 (ISBN)

Infos

This Palgrave Pivot uses a simple model from game theory to explain the behavior of countries disputing ownership of resources and of small islands in the South China Sea. It argues that the rapid transformation of the region's economy - the rise of Factory Asia - is not being acknowledged, leading countries to take chances beyond what a rational picture of costs and benefits would suggest. Regional economic cooperation may be a viable alternative to the present conflicts. However, the varied experience of regional initiatives in Southeast Asia provides a cautionary note that, while there is the potential for peaceful development of the South China Sea, there are significant challenges to structuring successful programs. 

David Jay Green is Professor of Global Economics at Hult International Business School, USA. He has been a tenured professor of economics at Hosei University, Japan, and an economist at both the US Federal Reserve Board in Washington, D.C., and at the Asian Development Bank, the Philippines. He earned his PhD from Columbia University, USA. 

Inhalt

Dedication 6
Foreword 8
Preface 12
Contents 16
List of Abbreviations and Acronyms 18
List of Figures 20
List of Tables 22
List of Boxes 24
1: Introduction 25
Notes 32
Bibliography 33
2: Low-Level Simmering Disputes 36
2.1 A Long Period of Intermittent Confrontations 36
2.2 Today’s Conflict: Building and Rebuilding Islands in the Sea 40
Notes 42
Bibliography 43
3: A Model from Game Theory 46
Notes 54
Bibliography 56
4: The Economic Context: Costs and Vulnerability to Conflict 58
4.1 Trade Intensity: Trade Dependency 60
4.2 Foreign Direct Investment: Ties That Bind 65
4.3 Bilateralism Versus Multilateralism 68
4.4 The Potential of the ASEAN Economic Community 71
4.5 Vulnerability to Macro Shocks 72
Notes 76
Bibliography 78
5: Hypothetical Rewards, Resources in the South China Sea 83
5.1 Energy Resources: There Is No Free Lunch 84
5.2 Fishery Riches: A Depleting Resource 85
Notes 87
Bibliography 87
6: Broader Issues in the West Pacific 89
6.1 National Security and Beyond 89
6.2 Internationalization, the Involvement of Non-Regional Players 92
Notes 97
Bibliography 97
7: Regional Cooperation as the Third Option: A Modified Game 100
Note 103
Bibliography 104
8: The Experiences of Existing Regional Cooperation Initiatives 105
8.1 The Greater Mekong Subregion 108
8.2 The Indonesia-Malaysia-Singapore—Growth Triangle 111
8.3 BIMP-EAGA and IMT-GT 113
8.4 Pan-Beibu Gulf Economic Cooperation 117
Notes 118
Bibliography 120
9: South China Sea Regional Cooperation: A Tentative Exercise 123
Notes 128
Bibliography 129
10: Conclusion 130
Appendix A: Tourism at Risk from West Pacific Conflicts 132
Appendix B: Literature References for Policy Issues for the South China Sea 136
References 140
Index 155

Produkt-Details

• Erscheint lt. Verlag: 16.9.2016
• Zusatzinfo: XXIII, 138 p. 17 illus., 13 illus. in color.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Mathematik / Informatik ► Mathematik
• Themenwelt: Technik
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: ASEAN • Asia • Asian • Brunei • costs and benefits • East Asia • factory asia • International Trade • Malaysia • Philippines • Politics • regional cooperation • Regional Politics • Southeast Asia • Taiwan • viet nam • Vietnam
• ISBN-10: 3-319-40274-9 / 3319402749
• ISBN-13: 978-3-319-40274-1 / 9783319402741