Transforming Globalization and the World Economic Order: New structure of the U.S.-China conflict and the Ukraine crisis

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Author(s)/Editor(s) Written and edited by UMADA Keiichi, URATA Shujiro, KIMURA Fukunari
Publisher Bunshindo Publishing Corporation
ISBN 978-4-8309-5231-9
Publication Date July 2023

Table of Contents

Globalization is not over; it has been transformed!

Geopolitical risks have manifested with the U.S.-China conflict and Russia's invasion of Ukraine. What form will the shaky global economic order take in the future? The movement of economic security is on the rise. How should we face this transforming globalization? The resolve of companies is being questioned. This book examines the current state of the world economic order, which is facing a crisis of fragmentation, and its future challenges and prospects, from various perspectives.

Part I: U.S.-China Conflict and Supply Chain Restructuring
Chapter 1: The Dangerous Structure of U.S.-China Decoupling
Chapter 2: U.S. Strategy toward China and China’s Response
Chapter 3: East Asian Production Networks and the Impact of External Shocks
Chapter 4: The U.S.-China Conflict and the Realignment of Global Value Chains
Part II: Russia’s Invasion of Ukraine and Economic Sanctions
Chapter 5: The Impact of Russia’s Invasion of Ukraine on the World Order: Revitalizing Japanese diplomacy
Chapter 6: The Impact of Economic Sanctions on the Global Economy
Chapter 7: The End of EU Dependence on Russia and Economic Security
Chapter 8: The Reality of Fragmentation from the Perspective of China’s Opening up to Foreign Countries and Diplomatic Strategy
Part III: The Search for Further Regional Economic Partnerships
Chapter 9: The Asian Trade Order and Geopolitical Risks
Chapter 10: Future Issues for RCEP and Japan’s Role
Chapter 11: China’s and Taiwan’s Applications to Join the CPTPP and Japan’s Response
Chapter 12: Developments in the Formulation of Digital Trade Rules
Chapter 13: The U.S. Indo-Pacific Strategy and IPEF
Part IV: Responding to Globalization and Economic Security
Chapter 14 Globalization of the Japanese Economy and Economic Security
Chapter 15: The Contradiction between Free Trade and Economic Security
Chapter 16: The Future of Global Supply Chains
Chapter 17: Economic Security and the Responses of Japanese Companies