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Geoeconomics with Chinese characteristics: the BRI and China’s evolving grand strategy

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  • Mark Beeson

Abstract

China has become the second largest economy in the world in a historically unprecedented space of time. Subsequently, China has begun to exert a form of geoeconomic influence that is changing the way we think about both the nature of international relations in the 21st century and about the precise uses China’s policymakers will put their growing power into. This paper explores these debates and China’s evolving approach to foreign and strategic policies through the prism of the Belt and Road Initiative (BRI). If the BRI becomes a reality it will quite literally cement China’s place at the centre of a regional network of production processes that will inevitability enhance China’s overall economic and geopolitical importance. At the very least, China’s ascent is forcing a reassessment about the nature of power and influence in the contemporary international system. Not only is the nature of economic organisation currently raising important theoretical and practical questions about the basis of international competition, but it is also becoming increasingly clear that the power and influence of national governments are largely determined by relative shifts in the balance of economic power, as much as it is by more traditional strategic factors.

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  • Mark Beeson, 2018. "Geoeconomics with Chinese characteristics: the BRI and China’s evolving grand strategy," Economic and Political Studies, Taylor & Francis Journals, vol. 6(3), pages 240-256, July.
  • Handle: RePEc:taf:repsxx:v:6:y:2018:i:3:p:240-256
    DOI: 10.1080/20954816.2018.1498988
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    Cited by:

    1. Thomas Christiansen & Bongchul Kim, 2023. "EU-Korea trade relations in the context of global disruption: political and legal perspectives," Asia Europe Journal, Springer, vol. 21(4), pages 527-544, December.
    2. Thomas Christiansen, 2020. "The EU's New Normal: Consolidating European Integration in an Era of Populism and Geo‐Economics," Journal of Common Market Studies, Wiley Blackwell, vol. 58(S1), pages 13-27, September.
    3. Zhao Wei & Ruet Joël, 2020. "Managing the “Post Miracle” Economy in China:," Post-Print hal-03085784, HAL.
    4. Andrzej Jakubowski & Tomasz Komornicki & Karol Kowalczyk & Andrzej Miszczuk, 2020. "Poland as a hub of the Silk Road Economic Belt: is the narrative of opportunity supported by developments on the ground?," Asia Europe Journal, Springer, vol. 18(3), pages 367-396, September.
    5. Zhiheng Wu & Guisheng Hou & Baogui Xin, 2020. "Has the Belt and Road Initiative Brought New Opportunities to Countries Along the Routes to Participate in Global Value Chains?," SAGE Open, , vol. 10(1), pages 21582440209, January.
    6. Abdul Sattar & Muhammad Noshab Hussain & Muhammad Ilyas, 2022. "An Impact Evaluation of Belt and Road Initiative (BRI) on Environmental Degradation," SAGE Open, , vol. 12(1), pages 21582440221, March.

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