The Threat of Economic Deglobalization from Cold War 2.0: A Japanese Perspective

IF 5.3 3区 经济学 Q1 ECONOMICS Asian Economic Papers Pub Date : 2024-01-08 DOI:10.1162/asep_a_00875
M. Ando, Kazunobu Hayakawa, F. Kimura
{"title":"The Threat of Economic Deglobalization from Cold War 2.0: A Japanese Perspective","authors":"M. Ando, Kazunobu Hayakawa, F. Kimura","doi":"10.1162/asep_a_00875","DOIUrl":null,"url":null,"abstract":"\n The intensified geopolitical tension in Northeast Asia and the U.S.–China confrontation have shifted policy debates in Japan toward national security while the economic discussion has become thin. To regain more balanced policy talks, this paper tries to quantitatively comprehend the effect of the United States and its allies’ export controls on the East Asian machinery production networks and Japan's trade performance. Major findings include the following four points: First, most of the supply chain decoupling policies by the Japanese government have been the ones to prepare for sudden interruptions of the supply of important items while decoupling policies for strategic competition are limited only in the context of the cooperation with the United States. Second, international trade statistics at the industry level do not show clear evidence of supply chain decoupling in East Asia due to the U.S. export controls, at least up to 2022. Third, however, the negative trade effect becomes visible at the product or individual firms’ level, and the recent strengthening of the United States and its allies’ export controls may augment the negative effect on machinery production networks. Fourth, although the scope of trade controls would expand further, the supply chain decoupling is likely to end up with a partial one. The paper claims that middle powers such as Japan must establish a well-balanced trade policy.","PeriodicalId":52020,"journal":{"name":"Asian Economic Papers","volume":"59 9","pages":""},"PeriodicalIF":5.3000,"publicationDate":"2024-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asian Economic Papers","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1162/asep_a_00875","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0

Abstract

The intensified geopolitical tension in Northeast Asia and the U.S.–China confrontation have shifted policy debates in Japan toward national security while the economic discussion has become thin. To regain more balanced policy talks, this paper tries to quantitatively comprehend the effect of the United States and its allies’ export controls on the East Asian machinery production networks and Japan's trade performance. Major findings include the following four points: First, most of the supply chain decoupling policies by the Japanese government have been the ones to prepare for sudden interruptions of the supply of important items while decoupling policies for strategic competition are limited only in the context of the cooperation with the United States. Second, international trade statistics at the industry level do not show clear evidence of supply chain decoupling in East Asia due to the U.S. export controls, at least up to 2022. Third, however, the negative trade effect becomes visible at the product or individual firms’ level, and the recent strengthening of the United States and its allies’ export controls may augment the negative effect on machinery production networks. Fourth, although the scope of trade controls would expand further, the supply chain decoupling is likely to end up with a partial one. The paper claims that middle powers such as Japan must establish a well-balanced trade policy.
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
冷战 2.0 带来的经济去全球化威胁:日本视角
东北亚地缘政治紧张局势的加剧和中美对抗使日本的政策辩论转向国家安全,而经济讨论则变得单薄。为了重新获得更加平衡的政策讨论,本文试图从数量上理解美国及其盟国的出口管制对东亚机械生产网络和日本贸易表现的影响。主要结论包括以下四点:首先,日本政府的大多数供应链脱钩政策都是为了应对重要物品供应的突然中断,而战略竞争脱钩政策仅局限于与美国的合作中。其次,从行业层面的国际贸易统计数据来看,至少在 2022 年之前,没有明显证据表明美国的出口管制会导致东亚供应链脱钩。第三,负面贸易效应在产品或单个企业层面显现,美国及其盟国近期加强出口管制可能会加剧对机械生产网络的负面影响。第四,尽管贸易管制的范围会进一步扩大,但供应链脱钩最终很可能只是局部的。本文认为,日本等中等强国必须制定平衡的贸易政策。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
CiteScore
7.50
自引率
0.00%
发文量
16
期刊介绍: The journal Asian Economic Papers (AEP) is supported by several prominent institutions, including the Center for Sustainable Development at Columbia University in the United States. This shows that there is a strong emphasis on sustainable development within the journal's scope. Additionally, the Korea Institute for International Economic Policy in South Korea, the UN Sustainable Development Solutions Network (SDSN) in Malaysia, and the Economic Research Institute for ASEAN and East Asia in Indonesia also sponsor AEP. The articles published in AEP focus on conducting thorough and rigorous analyses of significant economic issues pertaining to specific Asian economies or the broader Asian region. The aim is to gain a deeper understanding of these issues and provide innovative solutions. By offering creative solutions to economic challenges, AEP contributes to the discourse and policymaking that impact the Asian economies and region as a whole.
期刊最新文献
Trade-war Tariffs and Supply Chain Trade Resilience of Japanese Multinational Enterprise Production Networks during the COVID-19 Pandemic Exploring the Impact of China's Internal Circulation Strategy on its Stock Market under Deglobalization Comments by Masahiro Endoh,  on  Change from COVID-19 Pandemic to a New Normal: Documenting Consumption Behavior of  Two Years with Big Data Comments by Nam Seok Kim,  on The Untimely Demise of the Goods and Services Tax (GST) in Malaysia: A Postmortem and the Way Forward
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1