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

Journal Global Policy and Governance

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Title An International Public Goods Perspective upon China’s Resource Governance: the Function and Invalidation of REO(rare earth oxide) Economic Diplomacy
 
Creator Zhanyu, Yan
Hongyu, Wang
Hongjia, Li
 
Subject —
REO - International REO trading system - International public goods National power - Economic diplomacy
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Description The defeat of China’s REO lawsuit in WTO reflects the worseninginternational environment of China’s REO trade and failure of China’s REOeconomic diplomacy. REO trading system under the WTO framework is essentially aninternational public goods provided by both REO consuming and supplying countries.China and Western countries are assumed the responsibility of providing materialand normative public goods. However, China’s high cost of providing public goodsand profit outflow resulted in China’s practical dilemma in REO trade. AlthoughChina’s economic diplomacy committed to reverse this imbalanced situation, due tothe block between capability and power conversion, the dominance of REO resourcesin China failed to translate into a trade advantage, thus proclaiming the failure of REOeconomic diplomacy and leading a more serious imbalance.
 
Publisher Journal Global Policy and Governance
 
Contributor —
 
Date 2015-12-23
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://transitionacademiapress.org/jgpg/article/view/87
10.14666/2194-7759-4-2-003
 
Source Journal Global Policy and Governance; Vol 4, No 2 (2015); 51-68
2194-7759
2194-7740
 
Language eng
 
Relation http://transitionacademiapress.org/jgpg/article/view/87/65
 
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