Geopolitical Risk in the Era of U.S.-China Strategic Competition and Economic Security

Jaichul Heo ()
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Jaichul Heo: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C, Sejong National Research Complexa, 370, Sicheong-daero, Sejong-si, Korea, https://www.kiep.go.kr/eng/

No 22-35, World Economy Brief from Korea Institute for International Economic Policy

Abstract: Recently, the intensification of U.S.-China strategic competition, spread of COVID-19 infections, and the Russia-Ukraine war are disrupting the global supply chain and increasing instability in the global economy. The resulting instability in the supply of semiconductors, medicines, food, and energy is leading to an economic downturn, and the U.S., China, Japan, and EU are actively pursuing strategies to strengthen economic security. The key to recent economic security is the U.S.-China strategic competition. Because the United States is re-tightening economic-security links that were loosened in the post-Cold War era to counter China's economic rise. And the concept of recent economic security largely includes the elements of economic statecraft, economic resilience, and building mutual trust.

Keywords: Geopolitical Risk; U.S.-China Strategic Competition; Economic Security (search for similar items in EconPapers)
Pages: 4 pages
Date: 2022-09-01
New Economics Papers: this item is included in nep-cis, nep-cna and nep-int
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Citations: View citations in EconPapers (1)

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