Hedging Strategies in Southeast Asia

Hedging Strategies in Southeast Asia

Author: Alfred Gerstl

Publisher: Taylor & Francis

Published: 2022-07-08

Total Pages: 163

ISBN-13: 1000605361

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Introducing a re-conceptualized comprehensive hedging framework, this book analyses the relations of the Association of Southeast Asian Nations (ASEAN), Malaysia, the Philippines, and Vietnam with China in the context of the Belt and Road Initiative (BRI) and the South China Sea dispute. The author argues that ASEAN and the three Southeast Asian governments pursue a hedging strategy towards the rising China. Hedging expands the strategic options of smaller powers which are in Neorealism often restricted to bandwagoning and balancing. A hedging strategy, however, can simultaneously contain both elements of bandwagoning (e.g., in economics) and balancing (e.g., in security affairs). Even though the four hedging strategies and their implementation vary, in principle they all seek closer economic relations with Beijing, while maintaining strong security relations with Washington. A major innovation of the new hedging concept is the inclusion of the perceptions of the hedger on the risks and opportunities stemming from the relations with the hedging target and of the strategic value of potential hedging partners. The comprehensive hedging concept and the important empirical findings will be of interest to researchers in the fields of International Relations, Security, Political Geography, Economics, History, and Asian Studies.


Book Synopsis Hedging Strategies in Southeast Asia by : Alfred Gerstl

Download or read book Hedging Strategies in Southeast Asia written by Alfred Gerstl and published by Taylor & Francis. This book was released on 2022-07-08 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introducing a re-conceptualized comprehensive hedging framework, this book analyses the relations of the Association of Southeast Asian Nations (ASEAN), Malaysia, the Philippines, and Vietnam with China in the context of the Belt and Road Initiative (BRI) and the South China Sea dispute. The author argues that ASEAN and the three Southeast Asian governments pursue a hedging strategy towards the rising China. Hedging expands the strategic options of smaller powers which are in Neorealism often restricted to bandwagoning and balancing. A hedging strategy, however, can simultaneously contain both elements of bandwagoning (e.g., in economics) and balancing (e.g., in security affairs). Even though the four hedging strategies and their implementation vary, in principle they all seek closer economic relations with Beijing, while maintaining strong security relations with Washington. A major innovation of the new hedging concept is the inclusion of the perceptions of the hedger on the risks and opportunities stemming from the relations with the hedging target and of the strategic value of potential hedging partners. The comprehensive hedging concept and the important empirical findings will be of interest to researchers in the fields of International Relations, Security, Political Geography, Economics, History, and Asian Studies.

Meeting the China Challenge

Meeting the China Challenge

Author: Evelyn Goh

Publisher: East-West Center

Published: 2005

Total Pages: 86

ISBN-13:

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In East Asia, the United States is often acknowledged as a key determinant of stability given its military presence and role as a security guarantor. In the post-Cold War period, regional uncertainties about the potential dangers attending a rising China have led some analysts to conclude that almost all Southeast Asian states now see the United States as the critical balancing force. In contrast, based on case studies of Thailand, Singapore, and Vietnam, this study argues that key states in the region do not perceive themselves as having the stark choices of either balancing against or bandwagoning with China. Instead, they pursue hedging strategies that comprise three elements: indirect balancing, which mainly involves persuading the United States to act as counterweight to Chinese regional influence; complex engagement of China at the political, economic, and strategic levels, with the hope that Chinese leaders may be socialized into conduct that abides by international norms; and a more general policy of enmeshing a number of regional great powers in order to give them a stake in a stable regional order. The study also investigates each state?s perceptions of the American role in regional security and discusses how they operationalize their hedging policies against a potential U.S. drawdown in the region, as well as the different degrees to which they use their relationships with the United States as a hedge against potential Chinese domination. Finally, it discusses these states? expectations of what the United States should do to help in their hedging strategies toward China, suggesting a range of policies that span the military as well as political, diplomatic, and economic realms. This is the sixteenth publication in Policy Studies, a peer-reviewed East-West Center Washington series that presents scholarly analysis of key contemporary domestic and international political, economic, and strategic issues affecting Asia in a policy relevant manner.


Book Synopsis Meeting the China Challenge by : Evelyn Goh

Download or read book Meeting the China Challenge written by Evelyn Goh and published by East-West Center. This book was released on 2005 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: In East Asia, the United States is often acknowledged as a key determinant of stability given its military presence and role as a security guarantor. In the post-Cold War period, regional uncertainties about the potential dangers attending a rising China have led some analysts to conclude that almost all Southeast Asian states now see the United States as the critical balancing force. In contrast, based on case studies of Thailand, Singapore, and Vietnam, this study argues that key states in the region do not perceive themselves as having the stark choices of either balancing against or bandwagoning with China. Instead, they pursue hedging strategies that comprise three elements: indirect balancing, which mainly involves persuading the United States to act as counterweight to Chinese regional influence; complex engagement of China at the political, economic, and strategic levels, with the hope that Chinese leaders may be socialized into conduct that abides by international norms; and a more general policy of enmeshing a number of regional great powers in order to give them a stake in a stable regional order. The study also investigates each state?s perceptions of the American role in regional security and discusses how they operationalize their hedging policies against a potential U.S. drawdown in the region, as well as the different degrees to which they use their relationships with the United States as a hedge against potential Chinese domination. Finally, it discusses these states? expectations of what the United States should do to help in their hedging strategies toward China, suggesting a range of policies that span the military as well as political, diplomatic, and economic realms. This is the sixteenth publication in Policy Studies, a peer-reviewed East-West Center Washington series that presents scholarly analysis of key contemporary domestic and international political, economic, and strategic issues affecting Asia in a policy relevant manner.

Under Beijing's Shadow

Under Beijing's Shadow

Author: Murray Hiebert

Publisher: Rowman & Littlefield

Published: 2020-08-15

Total Pages: 608

ISBN-13: 1442281405

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China’s rise and stepped-up involvement in Southeast Asia have prompted a blend of anticipation and unease among its smaller neighbors. The stunning growth of China has yanked up the region’s economies, but its militarization of the South China Sea and dam building on the Mekong River has nations wary about Beijing’s outsized ambitions. Southeast Asians long felt relatively secure, relying on the United States as a security hedge, but that confidence began to slip after the Trump administration launched a trade war with China and questioned the usefulness of traditional alliances. This compelling book provides a snapshot of ten countries in Southeast Asia by exploring their diverse experiences with China and how this impacts their perceptions of Beijing’s actions and its long-term political, economic, military, and “soft power” goals in the region.


Book Synopsis Under Beijing's Shadow by : Murray Hiebert

Download or read book Under Beijing's Shadow written by Murray Hiebert and published by Rowman & Littlefield. This book was released on 2020-08-15 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s rise and stepped-up involvement in Southeast Asia have prompted a blend of anticipation and unease among its smaller neighbors. The stunning growth of China has yanked up the region’s economies, but its militarization of the South China Sea and dam building on the Mekong River has nations wary about Beijing’s outsized ambitions. Southeast Asians long felt relatively secure, relying on the United States as a security hedge, but that confidence began to slip after the Trump administration launched a trade war with China and questioned the usefulness of traditional alliances. This compelling book provides a snapshot of ten countries in Southeast Asia by exploring their diverse experiences with China and how this impacts their perceptions of Beijing’s actions and its long-term political, economic, military, and “soft power” goals in the region.

The Courteous Power

The Courteous Power

Author: John D. Ciorciari

Publisher: University of Michigan Press

Published: 2021-11-08

Total Pages: 333

ISBN-13: 047205497X

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Examining the pivotal relationship between Japan and Southeast Asia, as it has changed and endured into the Indo-Pacific Era


Book Synopsis The Courteous Power by : John D. Ciorciari

Download or read book The Courteous Power written by John D. Ciorciari and published by University of Michigan Press. This book was released on 2021-11-08 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the pivotal relationship between Japan and Southeast Asia, as it has changed and endured into the Indo-Pacific Era

The Deer and the Dragon

The Deer and the Dragon

Author: Donald K Emmerson

Publisher: Rowman & Littlefield

Published: 2020-08-04

Total Pages: 313

ISBN-13: 1931368597

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Will the nations of Southeast Asia maintain their strategic autonomy, or are they destined to become a subservient periphery of China? This book’s expert authors address this pressing question in multiple contexts. What clues to the future lie in the modern history of Sino-Southeast Asian relations? How economically dependent on China has the region already become? What do Southeast Asians think of China? Does Beijing view the region in proprietary terms as its own backyard? How has the relative absence, distance, and indifference of the United States affected the balance of influence between the US and China in Southeast Asia? The book also explores China’s moves and Southeast Asia’s responses to them. Does China’s Maritime Silk Road through Southeast Asia herald a Pax Sinica across the region? How should China’s expansionary acts in the South China Sea be understood? How have Southeast Asian states such as Vietnam and the Philippines responded? How does Singapore’s China strategy compare with Indonesia’s? How relevant is the Association of Southeast Asian Nations? To what extent has China tried to persuade the “overseas Chinese” in Southeast Asia to identify with “'the motherland” and support its aims? How are China’s deep involvements in Cambodia and Laos affecting the economies and policies of those countries? “This rich collection,” writes renowned author-journalist Nayan Chanda, answers these and other questions while offering “fresh insights” and “new information and analyses” to explain Southeast Asia’s relations with China.


Book Synopsis The Deer and the Dragon by : Donald K Emmerson

Download or read book The Deer and the Dragon written by Donald K Emmerson and published by Rowman & Littlefield. This book was released on 2020-08-04 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Will the nations of Southeast Asia maintain their strategic autonomy, or are they destined to become a subservient periphery of China? This book’s expert authors address this pressing question in multiple contexts. What clues to the future lie in the modern history of Sino-Southeast Asian relations? How economically dependent on China has the region already become? What do Southeast Asians think of China? Does Beijing view the region in proprietary terms as its own backyard? How has the relative absence, distance, and indifference of the United States affected the balance of influence between the US and China in Southeast Asia? The book also explores China’s moves and Southeast Asia’s responses to them. Does China’s Maritime Silk Road through Southeast Asia herald a Pax Sinica across the region? How should China’s expansionary acts in the South China Sea be understood? How have Southeast Asian states such as Vietnam and the Philippines responded? How does Singapore’s China strategy compare with Indonesia’s? How relevant is the Association of Southeast Asian Nations? To what extent has China tried to persuade the “overseas Chinese” in Southeast Asia to identify with “'the motherland” and support its aims? How are China’s deep involvements in Cambodia and Laos affecting the economies and policies of those countries? “This rich collection,” writes renowned author-journalist Nayan Chanda, answers these and other questions while offering “fresh insights” and “new information and analyses” to explain Southeast Asia’s relations with China.

Security, Strategy, and Military Dynamics in the South China Sea

Security, Strategy, and Military Dynamics in the South China Sea

Author: Houlden, Gordon

Publisher: Policy Press

Published: 2021-07-27

Total Pages: 404

ISBN-13: 1529213460

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This volume brings together international experts to provide fresh perspectives on geopolitical concerns in the South China Sea. The book considers the interests and security strategies of each of the nations with a claim to ownership and jurisdiction in the Sea. Examining contexts including the region’s natural resources and China’s behaviour, the book also assesses the motivations and approaches of other states in Asia and further afield. This is an accessible, even-handed and comprehensive examination of current and future rivalries and challenges in one of the most strategically important and militarized maritime regions of the world.


Book Synopsis Security, Strategy, and Military Dynamics in the South China Sea by : Houlden, Gordon

Download or read book Security, Strategy, and Military Dynamics in the South China Sea written by Houlden, Gordon and published by Policy Press. This book was released on 2021-07-27 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together international experts to provide fresh perspectives on geopolitical concerns in the South China Sea. The book considers the interests and security strategies of each of the nations with a claim to ownership and jurisdiction in the Sea. Examining contexts including the region’s natural resources and China’s behaviour, the book also assesses the motivations and approaches of other states in Asia and further afield. This is an accessible, even-handed and comprehensive examination of current and future rivalries and challenges in one of the most strategically important and militarized maritime regions of the world.

Strategic Adjustment and the Rise of China

Strategic Adjustment and the Rise of China

Author: Robert S. Ross

Publisher: Cornell University Press

Published: 2017-06-20

Total Pages: 268

ISBN-13: 1501712764

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Strategic Adjustment and the Rise of China demonstrates how structural and domestic variables influence how East Asian states adjust their strategy in light of the rise of China, including how China manages its own emerging role as a regional great power. The contributors note that the shifting regional balance of power has fueled escalating tensions in East Asia and suggest that adjustment challenges are exacerbated by the politics of policymaking. International and domestic pressures on policymaking are reflected in maritime territorial disputes and in the broader range of regional security issues created by the rise of China.Adjusting to power shifts and managing a new regional order in the face of inevitable domestic pressure, including nationalism, is a challenging process. Both the United States and China have had to adjust to China's expanded capabilities. China has sought an expanded influence in maritime East Asia; the United States has responded by consolidating its alliances and expanding its naval presence in East Asia. The region's smaller countries have also adjusted to the rise of China. They have sought greater cooperation with China, even as they try to sustain cooperation with the United States. As China continues to rise and challenge the regional security order, the contributors consider whether the region is destined to experience increased conflict and confrontation.ContributorsIan Bowers, Norwegian Defence University College and Norwegian Institute for Defence Studies Daniel W. Drezner, Tufts University, Brookings Institution, and Washington Post Taylor M. Fravel, Massachusetts Institute of Technology Bjørn Elias Mikalsen Grønning, Norwegian Defence University College and Norwegian Institute for Defence Studies Chung-in Moon, Yonsei University and Chairman, Presidential Committee on Northeast Asia Cooperation Initiative, Republic of Korea James Reilly, University of Sydney Robert S. Ross, Boston College and Harvard University Randall L. Schweller, The Ohio State University ystein Tunsjø, Norwegian Defence University College and the Norwegian Institute for Defence Studies Wang Dong, Peking University


Book Synopsis Strategic Adjustment and the Rise of China by : Robert S. Ross

Download or read book Strategic Adjustment and the Rise of China written by Robert S. Ross and published by Cornell University Press. This book was released on 2017-06-20 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Adjustment and the Rise of China demonstrates how structural and domestic variables influence how East Asian states adjust their strategy in light of the rise of China, including how China manages its own emerging role as a regional great power. The contributors note that the shifting regional balance of power has fueled escalating tensions in East Asia and suggest that adjustment challenges are exacerbated by the politics of policymaking. International and domestic pressures on policymaking are reflected in maritime territorial disputes and in the broader range of regional security issues created by the rise of China.Adjusting to power shifts and managing a new regional order in the face of inevitable domestic pressure, including nationalism, is a challenging process. Both the United States and China have had to adjust to China's expanded capabilities. China has sought an expanded influence in maritime East Asia; the United States has responded by consolidating its alliances and expanding its naval presence in East Asia. The region's smaller countries have also adjusted to the rise of China. They have sought greater cooperation with China, even as they try to sustain cooperation with the United States. As China continues to rise and challenge the regional security order, the contributors consider whether the region is destined to experience increased conflict and confrontation.ContributorsIan Bowers, Norwegian Defence University College and Norwegian Institute for Defence Studies Daniel W. Drezner, Tufts University, Brookings Institution, and Washington Post Taylor M. Fravel, Massachusetts Institute of Technology Bjørn Elias Mikalsen Grønning, Norwegian Defence University College and Norwegian Institute for Defence Studies Chung-in Moon, Yonsei University and Chairman, Presidential Committee on Northeast Asia Cooperation Initiative, Republic of Korea James Reilly, University of Sydney Robert S. Ross, Boston College and Harvard University Randall L. Schweller, The Ohio State University ystein Tunsjø, Norwegian Defence University College and the Norwegian Institute for Defence Studies Wang Dong, Peking University

Contesting Malaysia’s Integration into the World Economy

Contesting Malaysia’s Integration into the World Economy

Author: Rajah Rasiah

Publisher: Springer Nature

Published: 2021-05-15

Total Pages: 281

ISBN-13: 9811606501

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This book brings together a set of incisive essays that interrogate Malaysian history and social relations which began during pre-colonial times, and extended to colonial and post-colonial Malaysia. It addresses economic misinterpretations of the role of markets in the way colonial industrialisation evolved, the nature of exploitation of workers, and the participation of local actors in shaping a wide range of socioeconomic and political processes. In doing so, it takes the lead from the innovative historian, Shaharil Talib Robert who argued that the recrafting of history should go beyond the use of conventional methodologies and analytic techniques. It is in that tradition that the chapters offer a semblance of causality, contingency, contradictions, and connections. With that, the analysis in each chapter utilises approaches appropriate for the topics chosen, which include history, anthropology, sociology, economics, politics, and international relations. The collection of chapters also offer novel interpretations to contest and fill gaps that have not been addressed in past works. The book is essential reading for history students, and those interested in Malaysian history in particular.


Book Synopsis Contesting Malaysia’s Integration into the World Economy by : Rajah Rasiah

Download or read book Contesting Malaysia’s Integration into the World Economy written by Rajah Rasiah and published by Springer Nature. This book was released on 2021-05-15 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together a set of incisive essays that interrogate Malaysian history and social relations which began during pre-colonial times, and extended to colonial and post-colonial Malaysia. It addresses economic misinterpretations of the role of markets in the way colonial industrialisation evolved, the nature of exploitation of workers, and the participation of local actors in shaping a wide range of socioeconomic and political processes. In doing so, it takes the lead from the innovative historian, Shaharil Talib Robert who argued that the recrafting of history should go beyond the use of conventional methodologies and analytic techniques. It is in that tradition that the chapters offer a semblance of causality, contingency, contradictions, and connections. With that, the analysis in each chapter utilises approaches appropriate for the topics chosen, which include history, anthropology, sociology, economics, politics, and international relations. The collection of chapters also offer novel interpretations to contest and fill gaps that have not been addressed in past works. The book is essential reading for history students, and those interested in Malaysian history in particular.

Institutional Balancing in the Asia Pacific

Institutional Balancing in the Asia Pacific

Author: Kai He

Publisher: Taylor & Francis US

Published: 2009

Total Pages: 224

ISBN-13: 041546952X

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This book examines the strategic interactions among China, the United States, Japan, and Southeast Asian States in the context of China’s rise and globalization after the cold war. Engaging the mainstream theoretical debates in international relations, the author introduces a new theoretical framework—institutional realism—to explain the institutionalization of world politics in the Asia-Pacific after the cold war. Institutional realism suggests that deepening economic interdependence creates a condition under which states are more likely to conduct a new balancing strategy—institutional balancing, i.e., countering pressures or threats through initiating, utilizing, and dominating multilateral institutions—to pursue security under anarchy. To test the validity of institutional realism, Kai He examines the foreign policies of the U.S., Japan, the ASEAN states, and China toward four major multilateral institutions, Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN) Regional Forum (ARF), ASEAN Plus Three (APT), and East Asian Summit (EAS). Challenging the popular pessimistic view regarding China’s rise, the book concludes that economic interdependence and structural constraints may well soften the "dragon’s teeth." China’s rise does not mean a dark future for the region. Institutional Balancing in the Asia Pacificwill be of great interest to policy makers and scholars of Asian security, international relations, Chinese foreign policy, and U.S. foreign policy.


Book Synopsis Institutional Balancing in the Asia Pacific by : Kai He

Download or read book Institutional Balancing in the Asia Pacific written by Kai He and published by Taylor & Francis US. This book was released on 2009 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the strategic interactions among China, the United States, Japan, and Southeast Asian States in the context of China’s rise and globalization after the cold war. Engaging the mainstream theoretical debates in international relations, the author introduces a new theoretical framework—institutional realism—to explain the institutionalization of world politics in the Asia-Pacific after the cold war. Institutional realism suggests that deepening economic interdependence creates a condition under which states are more likely to conduct a new balancing strategy—institutional balancing, i.e., countering pressures or threats through initiating, utilizing, and dominating multilateral institutions—to pursue security under anarchy. To test the validity of institutional realism, Kai He examines the foreign policies of the U.S., Japan, the ASEAN states, and China toward four major multilateral institutions, Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN) Regional Forum (ARF), ASEAN Plus Three (APT), and East Asian Summit (EAS). Challenging the popular pessimistic view regarding China’s rise, the book concludes that economic interdependence and structural constraints may well soften the "dragon’s teeth." China’s rise does not mean a dark future for the region. Institutional Balancing in the Asia Pacificwill be of great interest to policy makers and scholars of Asian security, international relations, Chinese foreign policy, and U.S. foreign policy.

Connecting South Asia and Southeast Asia

Connecting South Asia and Southeast Asia

Author: ADBI

Publisher: Brookings Institution Press

Published: 2016-03-08

Total Pages: 320

ISBN-13: 4899740484

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This report analyzes how closer regional connectivity and economic integration between South Asia and Southeast Asia can benefit both regions, with a focus on the role played by infrastructure and public policies in facilitating this process. It examines major developments in South Asian–Southeast Asian trade and investment, economic cooperation, the role of economic corridors, and regional cooperation initiatives. In particular, it identifies significant opportunities for strengthening these integration efforts as a result of the recent opening up of Myanmar in political, economic, and financial terms. This is particularly the case for land-based transportation—highways and railroads—and energy trading. The report’s focus is on connectivity in a broad sense, covering both hardware and software, including investment in infrastructure, energy trading, trade facilitation, investment financing, and support for national and regional policies.


Book Synopsis Connecting South Asia and Southeast Asia by : ADBI

Download or read book Connecting South Asia and Southeast Asia written by ADBI and published by Brookings Institution Press. This book was released on 2016-03-08 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report analyzes how closer regional connectivity and economic integration between South Asia and Southeast Asia can benefit both regions, with a focus on the role played by infrastructure and public policies in facilitating this process. It examines major developments in South Asian–Southeast Asian trade and investment, economic cooperation, the role of economic corridors, and regional cooperation initiatives. In particular, it identifies significant opportunities for strengthening these integration efforts as a result of the recent opening up of Myanmar in political, economic, and financial terms. This is particularly the case for land-based transportation—highways and railroads—and energy trading. The report’s focus is on connectivity in a broad sense, covering both hardware and software, including investment in infrastructure, energy trading, trade facilitation, investment financing, and support for national and regional policies.