The Political Economy of Development Between China and the ASEAN States: Opportunity and Challenge

Soong, Jenn Jaw

doi:10.1080/10971475.2016.1207972

Cited by 19 publications

(6 citation statements)

References 3 publications

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“…Soong (2016) argued that China had asserted its "walk-out" or big power relation strategy in the 21st Century. Furthermore, China pledged to support a 12 billion USD investment in 2015 that Xi Jin Ping described as the "China Dream" (Soong, 2016). This pledge reflects Chinese perpetual interests over ASEAN with its enormous capital and labor potential, thus linking the RCEP and BRI after the weakened ties of CP-TPP (Soong, 2016;Park, 2020).…”

Section: Resultsmentioning

confidence: 99%

“…Furthermore, China pledged to support a 12 billion USD investment in 2015 that Xi Jin Ping described as the "China Dream" (Soong, 2016). This pledge reflects Chinese perpetual interests over ASEAN with its enormous capital and labor potential, thus linking the RCEP and BRI after the weakened ties of CP-TPP (Soong, 2016;Park, 2020). BRI's financing policy in Southeast Asia will continue to smoothen the Chinese agenda of the China-Indochina peninsula economic corridor that will connect their geopolitical and trade relations to the IOR region (Iqbal, Rahman, & Sami, 2019).…”

Section: Resultsmentioning

confidence: 99%

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Towards a New ASEAN Regionalism: Navigating the Outlook on Indo-Pacific in Post-RCEP Beyond 2020

Jose

Samudra

2022

ins

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The adoption of the Regional Comprehensive Economic Partnership (RCEP) has brought the Asia Pacific region into a new paradigm of ASEAN regionalism. The global economic competition between China and the western world significantly impacts Southeast Asian countries regionally due to geographical factors and regional integration towards the ASEAN community. The changing regional order then happened after RCEP increased China's interest in the Southeast Asian geopolitical landscape and ASEAN – China's role in post-pandemic global governance. The authors discussed how China's soft power influences ASEAN's regionalism through the RCEP and vice versa. Further, it investigates how the dynamics impact the ASEAN Outlook on Indo-Pacific. Using the concept of soft power and institutional neoliberalism, this article has concluded that China is now ascending its inter-regional cooperation to capture a more significant interdependence to challenge the Western's rule of global order. The rivalry between the U.S. and China, ASEAN external partners, the Belt and Road Initiative (BRI), and the political cases concerning said stipulations of the AOIP hence identify the impacts and how ASEAN can navigate the region amid global uncertainties.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Towards a New ASEAN Regionalism: Navigating the Outlook on Indo-Pacific in Post-RCEP Beyond 2020

Jose

Samudra

2022

ins

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“…It often challenged the position of traditional donors, especially with the establishment of Belt and Road Initiative (BRI) and Asian Infrastructure Investment Bank (AIIB). These programs have provided significant development support, especially relevant infrastructure programs to ASEAN countries (Soong, 2016;Rosser, 2020). For example, BRI has been the investment and development cooperation model through joint contribution, cooperation, and sharing process that focuses on infrastructure and capacity production (Bi, 2021).…”

Section: Development Cooperation and Financing: From North To Southmentioning

confidence: 99%

The Trajectory and Trend of International Political Economy in Southeast Asia

et al. 2023

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International political economy debates in Southeast Asia have expanded in the last decades from the perspectives of development theories in conjunction with the structure of states relations to the links between state-market-society. The article explores the studies of Southeast Asia’s political economy that has stimulated the debate over the past years and its future trends. It intends to analyse the trajectory of the issues and topics identified utilizing structured research of studies in scientific databases and derive discussion on its future topics by looking at the links between state-market-society. The existing topics related to issues of the political economy of Southeast Asia are grouped into themes related to development financing from traditional and emerging donors, State-Owned Enterprises, and regional integration. In addition, it captures the topics based on the trend that are proposed and emerged within the policy discussion and academic forums. The initiated issues are climate change and environment, the importance of sub-regional in ASEAN integration, and digitalisation and technological advancement.

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“…The economies of ASEAN5 are located in the same region as China and are closely related by trade policies. They are the top trade partners of China (Soong, 2016).The economy of China is greatly dependent on the economic events that are occurring in Asian economies (Morck & Yeung, 2016). Meanwhile, other Asian economies also rely on China, and given this closer linkage and dependency on each other, this will lead to affecting the economies of each other (Das, 2014).…”

Section: Introductionmentioning

confidence: 99%

Forecasting Chinese EPU based on financial uncertainty in emerging market economies (EMEs): evidence from six selected East Asian economies

Rahman

2020

Economic Research-Ekonomska Istraživanja

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While the influential role of Economic Policy Uncertainty (EPU) on economic activity and financial markets is well-documented, little is known about how to forecast EPU, especially in the framework of an emerging market economy (EME). We forecast the newly developed EPU index of China based on financial uncertainty (measured by a realised volatility) of the selected East Asian Economies (EAEs) including ASEAN5 and Hong Kong, having close trade linkages with China, by using LR and DT methods. After controlling for macroeconomic variables, it is evident that the realised volatility of regional EAEs significantly forecasts the EPU of China, except for Thailand. Moreover, comparing the performance of both models based on the accuracy classification score test, LR performs better than DT. Policymakers, who aim to keep and maintain a low level of EPU to achieve effective investment policies and avoid reduced consumer spending, should take into account the findings of this study.

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The Political Economy of Development Between China and the ASEAN States: Opportunity and Challenge

Cited by 19 publications

References 3 publications

Towards a New ASEAN Regionalism: Navigating the Outlook on Indo-Pacific in Post-RCEP Beyond 2020

Towards a New ASEAN Regionalism: Navigating the Outlook on Indo-Pacific in Post-RCEP Beyond 2020

The Trajectory and Trend of International Political Economy in Southeast Asia

Forecasting Chinese EPU based on financial uncertainty in emerging market economies (EMEs): evidence from six selected East Asian economies

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