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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 | Size | Format | |
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ERSJ27(2)A4.pdf | 754.57 kB | Adobe PDF | View/Open |
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