XianbaiJi
Mega-regionalism and Great Power Geo-economic Competition
Mega-regionalism and Great Power Geo-economic Competition
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The Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP), and the Transatlantic Trade and Investment Partnership (TTIP) are the most important mega-FTAs. Xianbai Ji's book investigates the historical and contemporary sources of mega-regionalism by developing an innovative model of competitive spill-over. It demonstrates that the rise of mega-regionalism was driven by the multidimensional competition between the US, China, and the EU over international economic benefits, geopolitical influence, and the authority to write rules governing emerging trade issues.
Format: Paperback / softback
Length: 200 pages
Publication date: 31 May 2023
Publisher: Taylor & Francis Ltd
The landscape of regional trade governance is undergoing a dynamic transformation. The latest surge of regionalism, manifesting as mega-regional trade partnerships among countries with significant economic clout, emerged in the aftermath of the Global Financial Crisis of 2008-09. Among the most significant mega-FTAs, we find the Trans-Pacific Partnership (TPP) spearheaded by the United States (US), the Regional Comprehensive Economic Partnership (RCEP) with China's backing, and the Transatlantic Trade and Investment Partnership (TTIP) between the European Union (EU) and the US.
In his groundbreaking work, Xianbai Ji employs a novel model of competitive spill-over to unravel the historical and contemporary drivers of mega-regionalism. By examining a temporal clustering of mega-FTA initiatives by great powers, Ji sheds light on the geo-economic competition between the US, China, and the EU. In this book, mega-FTA is conceptualized as a powerful tool in the hands of these nations, each seeking to leverage its mega-FTA to secure an advantage in economic, geopolitical, and legal spheres.
To achieve this, Ji employs a comprehensive mix-method research strategy encompassing computable general equilibrium modeling, game theory, desk research, and perception surveys. Through the synthesis of quantitative, qualitative, and perceptual data, Ji presents a compelling chorus of evidence demonstrating that the rise of mega-regionalism was propelled by the multifaceted competition among the US, China, and the EU for international economic benefits, geopolitical influence, and the authority to shape the rules governing emerging trade issues.
This book will captivate scholars, think tankers, practitioners, and postgraduate students with a keen interest in regionalism, international trade, international political economy, applied trade policy analysis, great power competition, geo-economics, and international relations. Its insights and analysis provide valuable perspectives on the evolving dynamics of regional cooperation and competition in the global arena.
Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032010854
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