The North Korea nuclear weapon tests precipitated geopolitical tension in northeast Asia. We document a decrease in the average investment ratio of Chinese firms following each nuclear test. Unlike other types of uncertainties, the impact spreads from the conflict zone and dwindles away from the test site. Apart from the geographical features, we find that the geopolitical tension impact is larger for firms that are not owned by the Chinese central government and rely heavily on external finance. Our results suggest that the fear of nuclear pollution rather than the war outbreak is the primary concern when making investment decisions.
{"title":"Kim's Shock: Geopolitical Tension and Corporate Investment","authors":"C. Xue, Yichuan Hu","doi":"10.2139/ssrn.3778672","DOIUrl":"https://doi.org/10.2139/ssrn.3778672","url":null,"abstract":"The North Korea nuclear weapon tests precipitated geopolitical tension in northeast Asia. We document a decrease in the average investment ratio of Chinese firms following each nuclear test. Unlike other types of uncertainties, the impact spreads from the conflict zone and dwindles away from the test site. Apart from the geographical features, we find that the geopolitical tension impact is larger for firms that are not owned by the Chinese central government and rely heavily on external finance. Our results suggest that the fear of nuclear pollution rather than the war outbreak is the primary concern when making investment decisions.","PeriodicalId":325384,"journal":{"name":"GeographyRN: Geopolitics (Sub-Topic)","volume":"69 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130711793","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-26DOI: 10.18601/16577558.N30.08
Rafael Andres Barrera Gutiérrez
El presente escrito muestra la importancia actual de la India en los Brics gracias a su crecimiento económico reciente el cual, de seguir en esa senda, le puede permitir mejorar sus posibilidades de influir en la política internacional y ser realmente un contrapeso a naciones hegemónicas. Se señala que hay bastantes condiciones, tanto internas como externas, que limitan las posibilidades de tener mejores resultados a nivel de crecimiento y desarrollo económico y social, así como de influencia política. Finalmente, se señala que las relaciones con América Latina, en general, son incipientes pero prometedoras.
{"title":"Los Brics y las relaciones Sur-Sur: la participación de India (The Brics and South-South Relations: The Participation of India)","authors":"Rafael Andres Barrera Gutiérrez","doi":"10.18601/16577558.N30.08","DOIUrl":"https://doi.org/10.18601/16577558.N30.08","url":null,"abstract":"El presente escrito muestra la importancia actual de la India en los Brics gracias a su crecimiento económico reciente el cual, de seguir en esa senda, le puede permitir mejorar sus posibilidades de influir en la política internacional y ser realmente un contrapeso a naciones hegemónicas. Se señala que hay bastantes condiciones, tanto internas como externas, que limitan las posibilidades de tener mejores resultados a nivel de crecimiento y desarrollo económico y social, así como de influencia política. Finalmente, se señala que las relaciones con América Latina, en general, son incipientes pero prometedoras.","PeriodicalId":325384,"journal":{"name":"GeographyRN: Geopolitics (Sub-Topic)","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115742264","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The allocation of scarce resources is a grand strategic question – burden-sharing behavior has clear effects on states’ ability to contribute to collective defense. I operationalize transatlantic burden-sharing in line with NATO’s “Cash, Capabilities, and Contributions” approach for a mixed-methods analysis of the burden-sharing behavior of NATO’s Black Sea littoral states – Bulgaria, Romania, and Turkey. Using a multi-method analytical approach, I find that national and particularly regional political economies drive burden-sharing choices more than geostrategy, at least in the current strategic environment. Specifically, Bulgaria appears to be hedging between Russia, NATO, and the European Union, resulting in rhetorical commitments to NATO and the EU but limited behavioral changes. Romania, on the other hand, seems to be prioritizing protection from NATO against Russia in an almost obsequious way, rapidly increasing defense spending to meet the Wales Pledge criteria. Finally, Turkey has focused on terrorism and its Kurdish issue, both within its own borders and in neighboring Syria, testing allies’ loyalty.
{"title":"Burden-Sharing, Geopolitics, and Strategy in NATO’s Black Sea Littoral States","authors":"Jordan Becker","doi":"10.2139/ssrn.3343523","DOIUrl":"https://doi.org/10.2139/ssrn.3343523","url":null,"abstract":"The allocation of scarce resources is a grand strategic question – burden-sharing behavior has clear effects on states’ ability to contribute to collective defense. I operationalize transatlantic burden-sharing in line with NATO’s “Cash, Capabilities, and Contributions” approach for a mixed-methods analysis of the burden-sharing behavior of NATO’s Black Sea littoral states – Bulgaria, Romania, and Turkey. Using a multi-method analytical approach, I find that national and particularly regional political economies drive burden-sharing choices more than geostrategy, at least in the current strategic environment. \u0000 \u0000Specifically, Bulgaria appears to be hedging between Russia, NATO, and the European Union, resulting in rhetorical commitments to NATO and the EU but limited behavioral changes. Romania, on the other hand, seems to be prioritizing protection from NATO against Russia in an almost obsequious way, rapidly increasing defense spending to meet the Wales Pledge criteria. Finally, Turkey has focused on terrorism and its Kurdish issue, both within its own borders and in neighboring Syria, testing allies’ loyalty.","PeriodicalId":325384,"journal":{"name":"GeographyRN: Geopolitics (Sub-Topic)","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124741311","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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