Mega-regionalism and Great Power Geo-economic Competition
Format:Hardback
Publisher:Taylor & Francis Ltd
Published:23rd Sep '21
Currently unavailable, and unfortunately no date known when it will be back
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- Paperback£39.99(9781032010854)
The regional trade governance architecture is in flux. The latest wave of regionalism in the form of mega-regional trade partnerships between countries with major shares of the world economy occurred in the aftermath of the Global Financial Crisis of 2008-09. The most systematically important mega-FTAs included the Trans-Pacific Partnership led by the United States (US), the China-backed Regional Comprehensive Economic Partnership, and the Transatlantic Trade and Investment Partnership between the European Union (EU) and the US.
Drawing on policy diffusion and competitive regionalism literatures, Xianbai Ji develops an innovative model of competitive spill-over to uncover the historical and contemporary sources of mega-regionalism resulting from a temporal clustering of mega-FTA initiatives from great powers. In the book, mega-FTA is conceptualised as an instrument of geo-economic competition between the US, China, and the EU. Each aspired to leverage its mega-FTA to gain an edge over its rivals in economic, geopolitical, and legal terms. Through a mix-method research strategy involving computable general equilibrium modelling, game theory, desk research, and perception survey, Ji generates an impressive chorus of quantitative, qualitative, and perceptual data demonstrating 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.
This book will attract academics, think tankers, practitioners, and postgraduate students interested in regionalism, international trade, international political economy, applied trade policy analysis, great power competition, geo-economics, and international relations.
"Mega-FTA is where international economics meets international politics. It is arguably the most advanced form of regional trade liberalisation while offering great powers a seemingly economic instrument to compete against one another for global preeminence in the geopolitical sense. Xianbai offers an authoritative and innovative account of the drivers behind the formation of mega-scale trade treaties since the 2010s. This volume is a must-read for anyone interested in understanding mega-regionalism in the context of great-power competition."---Di Dongsheng, Associate Dean, School of International Studies, Renmin University of China.
“Ji Xianbai’s study of the factors driving mega-regionalism is comprehensive and innovative. He illustrates with great conceptual clarity one of the most important features driving competition and uncertainty in an increasingly rivalrous world. With many of the (geo)political processes affecting the latest phase of globalization remaining in their infancy, and with the overlapping character of normative and regulatory contestation becoming ever more manifest, this book will be useful to scholars and practitioners alike for years to come."---Zachary Paikin, Senior Visiting Fellow, Global Policy Institute (London)
"Mega-regionalism is a new trend of economic integration in the globalized world. This book examines this topical issue from a geopolitical and geo-economic perspective. It offers an excellent and empirically-rich explanation of why governments enter mega-regional trade agreements, with a particular focus on the US, China, and the EU. It surely represents an important contribution to the field of international political economy in the era of Sino-US competition and confrontation."---Chia-yi Lee, Associate Professor, Department of Diplomacy, National Chengchi University
ISBN: 9781032010847
Dimensions: unknown
Weight: 453g
200 pages