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1 – 10 of 410This study aims to define a “technological statecraft” concept to distinguish tech-based measures/sanctions from an array of economic measures ranging from restrictions of rare…
Abstract
Purpose
This study aims to define a “technological statecraft” concept to distinguish tech-based measures/sanctions from an array of economic measures ranging from restrictions of rare earth elements and natural gas supplies to asset freezes under the wider portfolio of economic statecraft. This concept is practically intended to reveal the USA’s “logic of choice” in its employment of technology as an efficient instrument to deal with China in the context of the great power rivalry.
Design/methodology/approach
This study follows David A. Baldwin’s statecraft definition and conceptualization methodology, which relies on “means” rather than “ends.” In addition to Baldwin and as an incremental contribution to his economic statecraft analysis, this study also combines national political economy with statecraft analysis with a particular focus on the utilization of technological measures against China during the Trump administration.
Findings
The US rationale for choosing technology, namely, emerging and foundational technologies, in its rivalry against China is caused at least by two factors: the nature of the external challenge and the characteristics of the US innovation model based largely on radical innovations. To deal with China, the USA practically distinguished the role of advanced technology and followed a grammer of technological statecraft as depicted in the promulgated legal texts during the Trump administration.
Originality/value
Despite a growing volume of literature on economic statecraft and technological competition, studies focusing on countries’ “logic of choice” with regard to why and under what conditions they choose financial, technological or commodity-based sanctions/measures/controls are lacking. Inspired from Baldwin’s account on the “logic of choice” from among alternative statecrafts (i.e. diplomacy, military, economic statecraft, and propaganda). This study will contribute to the literature with a clear lens to demonstrate the “logic of choice” from among a variety of economic statecraft measures in the case of the US technological statecraft toward China.
Details
Keywords
Li Dai and Yongsun Paik
Conventional wisdom suggests that war in the host country makes it unattractive for foreign firms to invest. To see if this is true for US firms on the aggregate, this paper aims…
Abstract
Purpose
Conventional wisdom suggests that war in the host country makes it unattractive for foreign firms to invest. To see if this is true for US firms on the aggregate, this paper aims to examine the veracity of a “permanent war economy” hypothesis, that foreign direct investment (FDI) may, in fact, increase in the host country not despite, but because of, war, i.e. one that lends credence to the idea that, in the USA, “defense [has] become one of constant preparation for future wars and foreign interventions rather than an exercise in response to one-off threats.”
Design/methodology/approach
The authors test the hypotheses using Generalized Method of Moments estimation, with Heckman Selection, on US FDI data from the Bureau of Economic Analysis and war data from the Correlates of War2 Project, the Uppsala Conflict Data Program/International Peace Research Institute data set, the International Crisis Behavior Project and the Center for Systemic Peace Major Episodes of Political Violence data set. The final sample consists of 351 country-year observations in 55 host countries from 1982 to 2006.
Findings
The findings indicate that overall US FDI in a host country in a given year decreases if the host country is engaged in wars with multiple countries and if the US Government is involved in the war. Most notably, the results show that US involvement in multiple host country wars is actually correlated with increased US FDI into the host country, providing empirical support for the “permanent war economy” hypothesis.
Originality/value
While other studies have focused on war and FDI, the authors have sought to show the impact of the involvement of arguably the most influential country, i.e. the USA, in the sovereign matters of a focal host country. By studying FDI from the USA as a function of US involvement in wars overseas, over the years with the greatest use of private military companies by the USA and the largest portion of global FDI accounted for by the USA, this work motivates a research agenda on home-host-"other” relations in the context of war and FDI, with the “other” being the supranational “elephant in the room.”
CHINA/GERMANY: Ties will be tested
Details
DOI: 10.1108/OXAN-ES286435
ISSN: 2633-304X
Keywords
Geographic
Topical
The election in January of Lai Ching-te as president signalled continuity in economic policy, and economic pressure from Beijing has to date had limited effect. However, Lai faces…
Details
DOI: 10.1108/OXAN-DB286515
ISSN: 2633-304X
Keywords
Geographic
Topical
Labour has indicated that, if elected, it would pursue closer regulatory alignment and deals on security and mobility with the EU. The party has denied reports it might consider…
Details
DOI: 10.1108/OXAN-DB286429
ISSN: 2633-304X
Keywords
Geographic
Topical
Georgia officially embarked on the path to EU membership along with Ukraine and Moldova shortly after Russia’s full-scale invasion of Ukraine. Despite Tbilisi not meeting the…
Details
DOI: 10.1108/OXAN-DB286399
ISSN: 2633-304X
Keywords
Geographic
Topical
US/AFRICA: Region will hope for speedy AGOA renewal
Details
DOI: 10.1108/OXAN-ES286409
ISSN: 2633-304X
Keywords
Geographic
Topical
The two parties associated with him are currently in the minority in the unicameral legislature. Muizzu came to power after winning last year’s presidential race. He was a…
Details
DOI: 10.1108/OXAN-DB286430
ISSN: 2633-304X
Keywords
Geographic
Topical
Glas has been convicted of corruption and was subject to a preventive arrest warrant when he sought political asylum at the embassy in December. The raid has been condemned by…
Details
DOI: 10.1108/OXAN-DB286402
ISSN: 2633-304X
Keywords
Geographic
Topical
Energy ties, already deep, have expanded since 2022 as part of a broader reorientation of Russian commerce away from the West. The similarly authoritarian leadership styles of…