USA-China Hegemonic Rivalry: Shale Gas Revolution, Renewable Energy and Rare Earth Elements

Sibel ÇAŞKURLU

Fiscaoeconomia, 2022, issue 1

Abstract: Following Global Financial Crises in 2008 hegemonic descent of USA and China’s hegemonic rise has become apparent. Trade wars between both states has been remarkable. In this hegemonic rivalry, gaining control over the key technologies in the Fourth Industrial Revolution will be decisive. In this paper, hegemony concept will be borrowed from World Systems Theory perspective. In this respect, the hegemonic rivalry between USA and China will be discussed in the basis of energy security which is in fact seen as a national security problem. Therefore, this paper will analyze effects of Shale Gas Revolution, which has brought USA into a game changer position in international energy markets, increasing rivalry in developing renewable energy technologies, which are supposed to be key for the future and China’s almost monopolistic market power in rare earths which are crucial in high tech industrial production.

Keywords: USA-China; Hegemony; Energy Security; Renewable Energy; Shale Gas Revolution; Rare Earth Elements; World Systems Theory; International Energy Policies (search for similar items in EconPapers)
JEL-codes: F65 P16 Q42 Q48 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dergipark.org.tr/en/download/article-file/2149724

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fis:journl:220104

DOI: 10.25295/fsecon.1041487

Access Statistics for this article

More articles in Fiscaoeconomia from Tubitak Ulakbim JournalPark (Dergipark)
Bibliographic data for series maintained by Emre Atsan ().