Geopolitics, China and the Global Supply Chain : Issues and Implications (Routledge Focus on Economics and Finance)

In an era of increasing geopolitical turmoil, this book looks at the impact of geopolitics on global supply chains and examines the role of China in East Asia’s regional economic integration. It evaluates the impact of geoeconomic fragmentation along different dimensions such as trade, FDI and capital flows, and provides insights into different industries and sectors where trade and investments are increasingly being reallocated and reshuffled. The book further explores how geopolitics may accelerate the internationalisation of China’s renminbi, which herald significant implications for the international monetary system. As geopolitical tensions arising from the US-China trade war continue to persist, the global semiconductor industry has also become the epicentre of US-China strategic rivalry, placing immense strain on its fragmented, global value chain. This book analyses the implications of this intensifying technological rivalry for East Asia, including the ASEAN economies. This book will be of interest to scholars and students of Asian economics, international trade, and geoeconomics. Policymakers searching for insight into Asian trade and financial markets may also find this book useful.