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

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  • Sibel ÇAÅžKURLU

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.

Suggested Citation

  • Sibel ÇAÅžKURLU, 2022. "USA-China Hegemonic Rivalry: Shale Gas Revolution, Renewable Energy and Rare Earth Elements," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue 1.
    • Handle: RePEc:fis:journl:220104
    DOI: 10.25295/fsecon.1041487
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    JEL classification:

    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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