IDEAS home Printed from https://ideas.repec.org/a/bla/glopol/v15y2024is8p30-36.html

The European Union and China's geoeconomic tools in a multipolar world

Author

Listed:
  • Unai Gómez‐Hernández

Abstract

This paper analyzes what the geoeconomic tools of the European Union (EU) and China are and examines their nature from a comparative perspective. To this end, a literature review is conducted, accounting for the tools known as geoeconomic, and this is complemented by a content analysis of official documents, which include lesser‐known geoeconomic tools. The results indicate that although a similar number of geoeconomic tools have been identified, their salience and nature vary. While the EU's usage of these tools has lately been reactive to external developments and is not very often researched by academics, the Chinese usage takes a proactive stance. The paper concludes by pointing out that the development and relevance of these tools mirrors the systemic rivalry between the EU and China and indicates the geoeconomic shift that is taking place in international relations. Similarly, it also shows that the literature does not address all the geoeconomic tools there are and therefore this paper contributes to the literature by providing a comprehensive list of the instruments mentioned.

Suggested Citation

  • Unai Gómez‐Hernández, 2024. "The European Union and China's geoeconomic tools in a multipolar world," Global Policy, London School of Economics and Political Science, vol. 15(S8), pages 30-36, December.
    • Handle: RePEc:bla:glopol:v:15:y:2024:i:s8:p:30-36
    DOI: 10.1111/1758-5899.13414
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1758-5899.13414
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1758-5899.13414?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jonathan Holslag, 2016. "Geoeconomics in a globalized world: the case of China’s export policy," Asia Europe Journal, Springer, vol. 14(2), pages 173-184, June.
    2. 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.
    3. Matthew J Page & Joanne E McKenzie & Patrick M Bossuyt & Isabelle Boutron & Tammy C Hoffmann & Cynthia D Mulrow & Larissa Shamseer & Jennifer M Tetzlaff & Elie A Akl & Sue E Brennan & Roger Chou & Jul, 2021. "The PRISMA 2020 statement: An updated guideline for reporting systematic reviews," PLOS Medicine, Public Library of Science, vol. 18(3), pages 1-15, March.
    4. Brander, James A. & Spencer, Barbara J., 1985. "Export subsidies and international market share rivalry," Journal of International Economics, Elsevier, vol. 18(1-2), pages 83-100, February.
    5. Masoudi, S.M. & Ezzati, E. & Rashidnejad-Omran, N. & Moradzadeh, Ali, 2017. "Geoeconomics of fluorspar as strategic and critical mineral in Iran," Resources Policy, Elsevier, vol. 52(C), pages 100-106.
    6. Darren J. Lim & Victor A. Ferguson, 2022. "Informal economic sanctions: the political economy of Chinese coercion during the THAAD dispute," Review of International Political Economy, Taylor & Francis Journals, vol. 29(5), pages 1525-1548, September.
    7. Sophie Meunier & Kalypso Nicolaidis, 2019. "The Geopoliticization of European Trade and Investment Policy," Journal of Common Market Studies, Wiley Blackwell, vol. 57(S1), pages 103-113, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    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. Fletcher, Stanley M. & Nadolnyak, Denis A., 2005. "Accommodating Imperfect Competition in A Model of World Peanut Trade," 2005 Annual meeting, July 24-27, Providence, RI 19460, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Conrad, Klaus & Seitz, Helmut, 1997. "Infrastructure provision and international market share rivalry," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 715-734, November.
    4. Xenia Matschke & Anja Schöttner, 2013. "Antidumping as Strategic Trade Policy under Asymmetric Information," Southern Economic Journal, John Wiley & Sons, vol. 80(1), pages 81-105, July.
    5. Emil Kirchner, 2024. "Geo-economic and geopolitical developments in EU-asia security relations," Asia Europe Journal, Springer, vol. 22(3), pages 333-349, September.
    6. Bassanini, Anna & Pouyet, Jerome, 2005. "Strategic choice of financing systems in regulated and interconnected industries," Journal of Public Economics, Elsevier, vol. 89(2-3), pages 233-259, February.
    7. T.Huw Edwards, 2007. "Horizontal Regulatory Protection. Its appeal and implictions in a linear Cournot duopoly," Discussion Paper Series 2007_05, Department of Economics, Loughborough University, revised Feb 2007.
    8. Susanne Droege & Birgit Soete, 2001. "Trade-Related Intellectual Property Rights, North-South Trade, and Biological Diversity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(2), pages 149-163, June.
    9. Csordas, Stefan, 2009. "The global welfare effects of international environmental cooperation," MPRA Paper 20787, University Library of Munich, Germany.
    10. Andreas HaufLer & Guttorm Schjelderup & Frank Stähler, 2005. "Barriers to Trade and Imperfect Competition: The Choice of Commodity Tax Base," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 12(3), pages 281-300, May.
    11. Steven Bond‐Smith, 2022. "Discretely innovating: The effect of limited market contestability on innovation and growth," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(3), pages 301-327, July.
    12. Barbara J. Spencer & Ronald W. Jones, 1991. "Vertical Foreclosure and International Trade Policy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(1), pages 153-170.
    13. Kerui Pan & Sisi Wang & Xueping Li & Shuoming Wu, 2024. "Efficacy and safety of ultrasound-guided radiofrequency ablation combined with transhepatic artery embolization chemotherapy for hepatocellular carcinoma: A meta-analysis," PLOS ONE, Public Library of Science, vol. 19(9), pages 1-13, September.
    14. Rizkiana Sidqiyatul Hamdani & Sudharto Prawata Hadi & Iwan Rudiarto, 2021. "Progress or Regress? A Systematic Review on Two Decades of Monitoring and Addressing Land Subsidence Hazards in Semarang City," Sustainability, MDPI, vol. 13(24), pages 1-26, December.
    15. Dewit, Gerda & Leahy, Dermot, 2004. "Rivalry in uncertain export markets: commitment versus flexibility," Journal of International Economics, Elsevier, vol. 64(1), pages 195-209, October.
    16. Boglárka Anna Éliás & Attila Jámbor, 2021. "Food Security and COVID-19: A Systematic Review of the First-Year Experience," Sustainability, MDPI, vol. 13(9), pages 1-18, May.
    17. Omoyele, Olalekan & Hoffmann, Maximilian & Koivisto, Matti & Larrañeta, Miguel & Weinand, Jann Michael & Linßen, Jochen & Stolten, Detlef, 2024. "Increasing the resolution of solar and wind time series for energy system modeling: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PB).
    18. Caillaud, Bernard & Rey, Patrick, 1995. "Strategic aspects of vertical delegation," European Economic Review, Elsevier, vol. 39(3-4), pages 421-431, April.
    19. Bernard, Jean-Thomas & Dupéré, Marc & Roland, Michel, 2003. "International Competition between Public or Mixed Enterprises," Cahiers de recherche 0301, Université Laval - Département d'économique.
    20. Haufler, Andreas & Schjelderup, Guttorm, 2004. "Tacit collusion and international commodity taxation," Journal of Public Economics, Elsevier, vol. 88(3-4), pages 577-600, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:glopol:v:15:y:2024:i:s8:p:30-36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.