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Geopolitical Risk in the Era of U.S.-China Strategic Competition and Economic Security

Author

Listed:
  • Heo, Jaichul

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

Abstract

Recently, the intensification of U.S.-China strategic competition, spread of COVID-19 infections, and the Russia-Ukraine war are disrupting the global supply chain and increasing instability in the global economy. The resulting instability in the supply of semiconductors, medicines, food, and energy is leading to an economic downturn, and the U.S., China, Japan, and EU are actively pursuing strategies to strengthen economic security. The key to recent economic security is the U.S.-China strategic competition. Because the United States is re-tightening economic-security links that were loosened in the post-Cold War era to counter China's economic rise. And the concept of recent economic security largely includes the elements of economic statecraft, economic resilience, and building mutual trust.

Suggested Citation

  • Heo, Jaichul, 2022. "Geopolitical Risk in the Era of U.S.-China Strategic Competition and Economic Security," World Economy Brief 22-35, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2022_035
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    Cited by:

    1. Cao, Lansheng & Gu, Ming & Jin, Ding & Wang, Changyan, 2023. "Geopolitical risk and economic security: Exploring natural resources extraction from BRICS region," Resources Policy, Elsevier, vol. 85(PB).

    More about this item

    Keywords

    Geopolitical Risk; U.S.-China Strategic Competition; Economic Security;
    All these keywords.

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