An International Public Goods Perspective upon China’s Resource Governance: the Function and Invalidation of REO(rare earth oxide) Economic Diplomacy

Zhanyu Yan, Hongyu Wang, Hongjia Li

Onderzoeksoutput: Articlepeer review

Samenvatting

The defeat of China's REO lawsuit in WTO reflects the worsening international environment of China’s REO trade and failure of China's REO economic diplomacy. REO trading system under the WTO framework is essentially an international public goods provided by both REO consuming and supplying countries. China and Western countries are assumed the responsibility of providing material and normative public goods. However, China's high cost of providing public goods and profit outflow resulted in China’s practical dilemma in REO trade. Although China's economic diplomacy committed to reverse this imbalanced situation, due to the block between capability and power conversion, the dominance of REO resources in China failed to translate into a trade advantage, thus proclaiming the failure of REO economic diplomacy and leading a more serious imbalance.
Originele taal-2English
Pagina's (van-tot)51-68
TijdschriftJournal of Global Policy and Governance
Volume4
Nummer van het tijdschrift2
StatusPublished - 15 dec 2015

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