Great Power Competition in the 21st Century: Linking Economics and Security
Conference/Symposium | October 24 | 9:30 a.m.-6 p.m. | 180 Doe Library
Great power competition is once again a critical component of the international system, with far reaching implications for the stability of the existing political and economic order. However, power is not always won by confrontation, but through tactical, indirect rivalry across issue areas. Strategic competition between the United States, China, India, and other rising powers spans industries from solar panels to cybertechnology, with new policy trends in trade, investment, and industrial policy catalyzing economic transformation. This workshop addresses these economic dimensions of superpower strategic competition in the global economy.
Participants will investigate the dynamics of great power competition in trade, industrial policy, and investment. Regional and multilateral trade agreements from RCEP to CPTPP to TTIP are a tool for great powers to extend their influence through global supply chains and gain economic leverage. Industrial policy is essential for upgrading in industries like electric vehicles and artificial intelligence, with states like China, India, and Russia striving to create dynamic and innovative domestic economies. This workshop concludes with a panel on investment, which is an increasingly important component of strategic competition between the U.S. and China, as evidenced by Chinese outward FDI in Africa under the Belt and Road Initiative.
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