Growth, import dependence and war: the risks of Chinese vulnerability

Bonfatti, Roberto and Hjortshøj O’Rourke, Kevin (2018) Growth, import dependence and war: the risks of Chinese vulnerability. LSE Business Review (13 Nov 2018). Blog Entry.

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Abstract

World trade has increased tremendously in recent decades, driven by the rise of China and other emerging economies. The reliance of world trade on choke points (such as the Strait of Hormuz, the Malacca Strait and the South China Sea) creates the need for someone to guarantee the freedom of navigation. Traditionally, this role has been upheld by the naval hegemon of the day: Britain during the 19th century’s Pax Britannica, and the United States today. While the naval hegemon may in fact be providing a global public good by behaving in this manner, its activities may not always reassure everyone, especially if strategic tensions are gradually building up between itself and rising powers such as China.

Item Type:	Online resource (Blog Entry)
Official URL:	https://blogs.lse.ac.uk/businessreview/
Additional Information:	© 2018 The Author(s)
Divisions:	LSE
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited:	11 May 2021 13:24
Last Modified:	14 Sep 2024 03:00
URI:	http://eprints.lse.ac.uk/id/eprint/110432

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