• Title/Summary/Keyword: Economic interdependence

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Donald Trump Presidency and the Transformation of Sino-American Relations: Does Asymmetric Economic Interdependence Matter?

  • Grabowski, Marcin;Duggan, Niall
    • Journal of Contemporary Eastern Asia
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    • 제20권2호
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    • pp.174-196
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    • 2021
  • Even though Sino-American relations of the Donald Trump era were perceived as predominately confrontational, with a symbolic trade war between the two, the scale of economic interdependencies between the United States and China results in either a need for collaboration or in serious losses on both sides in the case of lack of cooperation. The paper aims at analyzing economic relations between the United States of America and the People's Republic of China at the time of the Trump presidency. Analysis is based on the complex interdependence theory of Robert Keohane and Joseph Nye. The main hypothesis analyzed in the paper states: Asymmetric interdependence between the People's Republic of China and the United States of America limits the scope, intensity and length of a trade war. For the sake of the paper, economic interdependence will be analyzed. Apart from the reference to the state of the art, the document analysis and descriptive statistics are to be applied in the paper.

Taking stock of Australia's asymmetrical relations with China: interdependence, tensions, and new dimensions

  • Kizekova, Alica
    • Journal of Contemporary Eastern Asia
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    • 제20권2호
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    • pp.197-209
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    • 2021
  • This article deals with the asymmetrical relations between Australia and China and explores their interdependence, tensions, and societal outlooks. Both countries are dependent on one another for trade to different degrees but attempt to diversify their supply chains. While there is no united position on China in Australia, there has been a bipartisan support for the counter-interference legislation there. The newly established security pact of the United States (US), the United Kingdom (UK) and Australia - 'AUKUS' - has brought a new dimension into these tensions and will most likely lead to an arms race. The author explores how a so-called middle power such as Australia balances the related economic and strategic interests and priorities. Although Australia has been vulnerable in its asymmetric relationship with China, it has shown that it is not a passive and helpless actor when facing an economic coercion. The interdependence has become a moderating factor in this strategic stand-off. Additionally, Australia demonstrates its tendency to reinforce its traditional reliance on its previous more powerful allies, the UK and the US.

문화적 도전과 경제적 곤란이 다문화부부의 이혼의사에 미치는 영향 : 자기효과와 상대방효과로 본 상호의존성과 관계패턴 (Effects of Cultural Challenge and Economic Hardship on Intention to Divorce among the Multicultural Couples : Interdependence and Relationship Patterns Viewed Through Actor and Partner Effects)

  • 현경자;김정화
    • 한국사회복지학
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    • 제67권2호
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    • pp.203-236
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    • 2015
  • 이 연구는 부부의 상호의존성을 고려하여 자기-상대방 상호의존 모형(the Actor-Partner Interdependence Model)으로 문화적 도전과 경제적 곤란이 다문화부부의 이혼의사에 미치는 자기효과와 상대방효과를 조사하고, 이 두 효과의 조합을 비율로 측정하여 양자관계의 패턴을 살펴보았다. 여성결혼이민자 부부표본 415쌍(n=830)의 자료로 APIM에 대한 경로분석을 실시한 결과, 한국인 남편의 문화적 도전에 대한 높은 인식은 자신과 배우자의 이혼의사에 미치는 자기효과와 상대방효과가 유의했고, 결혼이민자인 부인의 그런 인식은 자신의 이혼의사에 기여하는 자기효과만 유의했다. 반면 남편의 경제적 곤란 인식은 자신과 부인의 이혼의사에 미치는 효과가 미미했고, 여성결혼이민자에게 지각된 경제적 곤란은 자신과 배우자의 이혼의사에 미치는 자기효과와 상대방효과가 유의했다. 붓스트랩을 이용하여 APIM 효과들의 관계패턴을 검정한 결과, 남편의 이혼의사는 문화적 도전의 자기중심패턴이, 그리고 부인의 경우는 커플패턴이 지지되었다. 경제적 곤란은 효과크기의 비교로 남편과 부인의 이혼의사가 각각 상대방중심패턴과 자기중심패턴에 가까움을 유추할 수 있었다. 이 결과들은 한국인 남편이 배우자와의 문화차를 포용할 수 있는 문화적 역량을 키우고 여성결혼이민자가 경제적 자립에 대해 희망을 가질 수 있도록 이들과 가족의 경제적 역량을 강화하는 것이 부부의 화합과 다문화가족의 해체방지에 기여할 수 있음을 시사하여 끝으로 이를 논의하였다.

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Asymmetric Interdependence and the Selective Diversification of Supply Chains

  • Nagy, Stephen R.;Nguyen, Hanh
    • Journal of Contemporary Eastern Asia
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    • 제20권2호
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    • pp.237-258
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    • 2021
  • The COVID-19 pandemic has highlighted the risks of an over-concentration of supply chains in one country. It has motivated stakeholders to pursue diversification strategies. However, a paradox exists. Stakeholders have shied away from a complete decoupling and preferring to selectively enhance economic ties with China. This article explores this paradox by examining supply chain concentration in China as a form of asymmetric interdependence and the countermeasures from the U.S., Japan, Australia, and India to minimize vulnerabilities. It argues that while the COVID-19 disruptions have brought to light the risk of supply chain overconcentration in China, countermeasures are also driven by coercive diplomacy and the deepening U.S.-China rivalry. The paper also examines the feasibility of diversification efforts by focusing on the capacity and capabilities of alternative supply chain hubs. It finds that while states are actively seeking ways to prevent China from using asymmetric interdependence of supply chains and trade to gain political leverage, there are structural limits to the degree of diversification in the short to mid-term.

A Study on Economic Linkages between Korea and Japan

  • Lee, Jae-Ki
    • 한국항만경제학회지
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    • 제20권1호
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    • pp.43-55
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    • 2004
  • This paper investigates how Japanese economic shocks affect the Korean economy and analyzes the channels through which they are transmitted. Also, the relative importance of domestic and foreign shocks on the dynamics of certain key macro variables is investigated. The techniques of vector autoregression (VAR) are employed to investigate the international transmission of economic disturbances. The VAR methodology is a particularly useful means for characterizing the dynamic relationships among economic variables without imposing certain types of theoretical restrictions. The dynamic effects of Japanese economic shocks on the Korean economy are evaluated by estimating variance decompositions (VDCs) and impulse response functions (IRFs). This study supports the notion of economic dependence of a small open economy such as Korea to a large economy such as Japan.

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세시풍속과 연계된 유아경제교육 프로그램 모형 개발 (Development of an Economic Education Program Model for Young Children Related to Korean Seasonal Customs)

  • 이숙재;이봉선
    • 대한가정학회지
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    • 제47권3호
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    • pp.67-77
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    • 2009
  • This study developed a model economic education program for young children related to Korean seasonal customs. The model was developed via literature reviews and survey research concerning teachers’' recognition of ‘'early childhood economic education’', consultations with professionals in the field, and testing and modifying the program. The goals of the model program were: teaching children to understand basic economic concepts, helping children to develop an economic attitude that emphasizes interdependence, and acknowledging the importance of eco-friendly economic values. The model includes three educational areas and 21 content areas including understanding the concept of exchange, sharing and cooperation, and circulation with nature. This study also developed 37 early childhood economic education activities using the teaching and learning methods of experiencing nature, virtual experience, real life experience, and traditional games experience.

은퇴 결정과 은퇴 전·후 소비의 상호작용 (Empirical Evidence of the Interdependence of Retirement and Pre- and Post-retirement Consumption)

  • 안종범;전승훈
    • 노동경제논집
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    • 제27권3호
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    • pp.1-23
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    • 2004
  • "한국노동패널"을 이용하여 조기은퇴 행위와 지연은퇴 행위가 은퇴 전 후 소비에 미치는 영향을 2단계 전환회귀분석방법으로 분석하였다. 추정 과정에서 본 논문에서는 조기은퇴 결정이 은퇴 전 후 소비에 미치는 영향을 크게 두 가지로 구분하였다. 첫 번째는 조기은퇴 결정이 존재하는 경우와 존재하지 않는 경우를 비교하는 것으로서 추정결과 선택편의(selection bias)가 존재하는지를 통해 살펴보았다. 두 번째는 조기은퇴 결정 후 조기은퇴자의 소비를 지연은퇴자의 소비와 비교하는 것으로서, 소비의 소득탄력성을 비교하여 살펴보았다. 추정 결과 조기은퇴를 결정했을 경우 조기은퇴 결정이 존재하지 않는 경우와 비교했을 때 은퇴 전 소비가 감소하는 것으로 나타났다. 그리고 조기은퇴자와 지연은퇴자의 소비의 소득탄력성을 비교해 본 결과 소득이 증가하였을 때 조기은퇴자의 소비 증가폭이 지연은퇴자보다 작았다. 이상의 결과는 조기은퇴 결정 이후 상대적으로 길어진 은퇴 기간이 은퇴 전 소비에 영향을 미치고 있음을 보여주는 것이다.

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A Comparison of the Long Term Interdependence of Southeast Asian Equity Markets

  • Islam, Raisul
    • East Asian Economic Review
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    • 제18권2호
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    • pp.187-212
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    • 2014
  • The purpose of this paper is to examine the equity market crisis contagion in major Asian economic markets. A comparative assessment of Asian markets during the Asian Financial Crisis and Global Financial crisis may clearly identify the changing nature of long term integration of major Asian markets. The selection criteria of specific Asian markets of different peripheries depend particularly on the roles and structure of these markets. The impact of the global financial contagion and the lingering financial linkage in the aftermath of crisis will explain the reaction of the majority of Asian markets to global linkage. While majority of the studies focused on dynamic short term association in European and MENA contagions in the post global financial crisis period; after the global financial crisis, attention paid to long term Asian contagion adds new perspective to hitherto disorganized theories.

Quantile Dependence between Foreign Exchange Market and Stock Market: The Case of Korea

  • Han, Heejoon;Lee, Na Kyeong
    • East Asian Economic Review
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    • 제20권4호
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    • pp.519-544
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    • 2016
  • This paper examines quantile dependence and directional predictability between the foreign exchange market and the stock market in Korea. Instead of adopting a multivariate model such as a vector autoregressive model, a multivariate GARCH model or a combination of both models, we apply the cross-quantilogram recently proposed by Han et al. (2016). Considering various quantile ranges, we investigate various spillover effects between two markets. Our findings show that there exists an asymmetric bi-directional spillover between two markets and the interdependence between two markets implies that one market has significant predictive power on the other.

IN SEARCH OF PEACE ON THE SILK ROAD: FROM THEORY TO PRACTICE

  • TOKSOZ, ITIR
    • Acta Via Serica
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    • 제2권1호
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    • pp.7-30
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    • 2017
  • Looking beyond the assumptions and arguments of commercial liberalism, which sees economic interdependence and cooperation as fostering peace, this paper demonstrates that peace as an ideal can be found in various theories of international politics. The author finds the commercial liberal perspective to peace to be too narrow to explain the opportunities and challenges posed along the Silk Road and proposes to look at the peace narrative on the Silk Road through the lens of other approaches to peace, including the more interdisciplinary field of peace studies, for a more comprehensive picture.