 The Northeast Asian scramble for resources. Chapter 6 in International Resource Politics in the Asia-Pacific, 2017, pp 121-142 from Edward Elgar Publishing Abstract: Chapter 6 explores the emerging ‘scramble’ among Japan, Korea, and China to acquire resource projects abroad. Driven by intensifying energy insecurity and anxieties over being locked-out of key regional markets, these governments all launched mercantilistic energy strategies around the middle of the 2000s. But while their national oil companies (NOCs) collectively acquired over 100 oil and gas projects, few tangible benefits for either national or regional energy security have resulted. Intense investment competition for scarce assets have forced their NOCs to waste billions on costly projects with little commercial viability, while the governments have fallen victim to ‘investment shakedowns’ by nationalistic suppliers. Moreover, energy competition has led to several security spill-overs – particularly controversies over pipeline routing and territorial disputes in the South China Sea – which are complicating already tense geopolitical relations in the Asia-Pacific. Securitisation has meant resource interdependence is a factor for conflict, rather than cooperation, amongst regional powers. Keywords: Asian Studies; Economics and Finance; Environment; Politics and Public Policy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:17723_6 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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