Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/121082
Title: Assessing the potential of punitive measures in deterring economic coercion : advocating for the efficacy of anti-coercion instrument
Authors: Tamura, Akio
Keywords: Commerce -- Political aspects
China -- Foreign economic relations
Russia -- Foreign economic relations
Economic sanctions
Economic security
European Union -- Economic policy
Issue Date: 2024
Publisher: University of Piraeus. International Strategic Management Association
Citation: Tamura, A. (2024). Assessing the potential of punitive measures in deterring economic coercion : advocating for the efficacy of anti-coercion instrument. European Research Studies Journal, 27(2), 47-77.
Abstract: PURPOSE: Given a series of economic coercion employed by countries, such as Russia and China, the importance of tackling economic coercion has been voiced. Because of malfunction of WTO, the regulation had been left behind until the enactment of Anti Coercion Instrument (ACI) by the EU. Whereas most researches on economic coercion propose to deter economic coercion by refusal, which does not specify any threats and retaliatory measures, ACI is designed to deter it by punishment with retaliatory measures. The legislation of ACI is thus remarkable in tackling deterrence of economic coercion in a manner in which no state has ever achieved. In order to argue the effectiveness and feasibility of deterrence, this paper applies a theorical framework of nuclear deterrence proposed by Morgan (2003) to deterrence of economic coercion, mainly forcusing on credibility and unacceptable damage. Therefore, the purpose of this paper is to argue the effectiveness and feasibility of economic coercion by punishment that no state has ever achieved.
DESIGN/METHODOLOGY/APPROACH: This paper is mostly based on open source, such as spokes person’s remarks of Ministry of Foreign Affairs, and import/export data of Customs.
FINDINGS: It is hard for the EU to gurantee the credibility towards China when it employs retaliatory measures against China’s economic coercion. As to unacceptable damage that is a necessary condition of deterrence, the EU will have to demonstrate its political resolve more than the United States did.
PRACTICAL IMPLICATIONS: Based on cases studies of China’s economic coercion, although China is known to protest its core interests, it is unveiled that China could be more sensitive to cost than it had been anticipated.
ORIGINALITY: This paper argues the effectiveness and feasibility of Anti Coercion Insturment, which just came in force in the end of December 2023. This paper thus has the forsseablity of deterring economic coercion by punishment.
URI: https://www.um.edu.mt/library/oar/handle/123456789/121082
Appears in Collections:European Research Studies Journal, Volume 27, Issue 2

Files in This Item:
File Description SizeFormat 
ERSJ27(2)A4.pdf754.57 kBAdobe PDFView/Open


Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.