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Jul 19, 2021

America’s tactical multilateralism for Asia and its consequences

The Biden administration has made building back confidence in the United States as a source of global security and stability a central goal of its foreign policy. As this objective is pursued in the Asia Pacific within the framework of the administration’s Indo-Pacific strategy, it is closely intertwined with competition…

Jul 19, 2021

New East Asian institutions could challenge the global economic order

Intra-regional economic interactions in East Asia were broadly compatible with the global liberal order from the late 1970s into the mid-2000s. Despite many national barriers to incoming trade and investment, more were coming down than going up. World Trade Organization (WTO) and International Monetary Fund (IMF) rules and norms generally…

Jul 19, 2021

Market access, socio-environmental pressures, and the complex terrain of economic security in Southeast Asia

Access to global markets is increasingly conditional on meeting social and environmental standards in a number of strategic economic sectors relevant to Southeast Asia. Although linking trade to environmental and labour standards is not new, what has changed is the extent to which diverse, often competing public and private socio-environmental…

Jul 19, 2021

Tying hands for what? Standard setting and China’s new White Paper on international development financing

Recently, the Chinese government released the White Paper on China’s International Development Cooperation, considered as a response to the international pushbacks resulting from the Chinese aggressive Belt and Road Initiative (BRI). The White Paper clearly aims to address international concerns such as transparency, project ownership, and financing efficiency. Based on…

Jul 19, 2021

A brave new world of money: the nature and logic of China’s digital yuan

As the People’s Bank of China (PBoC) rolls out a digital yuan, officially designated as the Digital Currency Electronic Payment (DCEP), monetary relations in China could be revolutionized. Digital currencies differ from both physical cash and traditional electronic payments in that they are digital tokens that use distributed ledger technology…

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