V roku 2021 bolo do zoznamu svetového dedičstva UNESCO zapísané východočínske mesto Quanzhou. Hoci je toto mesto dnes na Slovensku prakticky neznáme, v stredoveku bolo významným centrom východoázijského námorného obchodu. A to tak veľké, že keď okolo roku 1292 mestom prechádzal aj taliansky cestovateľ Marco Polo, označil ho za najväčší prístav na svete a žasol nad jeho bohatstvom. Dnešné… Continue reading Quanzhou: zabudnuté obchodné centrum stredovekej východnej Ázie
The fragmentation of production and emergence of global value chains provides authoritarian states like China with new avenues for exercising political coercion via indirect trade relations and final demand exposure to their markets. This paper provides a quantification of Baltic states’ final demand exposure to China and the potential risks of trade weaponization. The 2021… Continue reading Trade weaponization: Vulnerabilities in the Baltic exports to China
The discussions about the shape of EU-China relations are missing the export dependency angle. Value chain analysis provides insights into both direct and indirect trade relations with China, which in turn point to specific policy tools. French President Emmanuel Macron’s recent trip to China has resulted in stirring up a pan-European debate on the nature of… Continue reading Value chain-infused EU-China debate
A US-led tech blockade can only temporarily impact China’s tech development. The West must remain competitive by maintaining an equivalent research and development expense to China, regardless of export bans, or risk losing its substantial geopolitical and tech leverage. Since the Netherlands joined the United States in imposing sanctions against China’s chip industry, the chorus… Continue reading The West needs more than export bans to compete with China
Potential negative impacts of economic dependency on China are increasingly scrutinized. However, conventional trade statistics are a poor guide to bilateral export exposures. For a better analysis of risks, countries need to consider the impacts of their indirect trade with China linked to their role in the product supply chains. In December 2021, reports about… Continue reading The China factor: Economic exposures and security implications in an interdependent world
