淡江大學_全球政治經濟學系

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Faculty

TitleChina''s Wealth is EU''s Needs: The Conflict on Rare Earth Elements

Year100

Semester1

Publish Date2012/01/01

Journal NameChina''s Wealth is EU''s Needs: The Conflict on Rare Earth Elements

Journal Name Other

All AuthorBiedermann; Reinhard Peter

Unit淡江大學全球政治經濟學系

PublisherBrussels: College of Europe

VolumeInternational Journal of Emerging Markets 9(2), p.276-293.

SummaryPurpose – China holds a global monopoly of up to 97 percent for rare earth elements (REEs), which are indispensable for all kinds of twenty-first century high-tech applications. Since China has disrupted its exports and started discriminating between domestic and foreign demand, REEs have become a geostrategic resource. In March 2012, Japan, the USA and the European Union jointly filed a World Trade Organization dispute settlement case against China. The purpose of this paper is to elaborate why China implemented export quotas and tariffs on REEs and how the state is engaged in this sector domestically and abroad. Design/methodology/approach – The analysis frames China as a “competition state” and connects domestic with foreign economic policy on REEs. It uses data from Chinese official documents and non-Chinese sources. Findings – Better government control aims to consolidate the sector and lay the foundation for three other goals, namely: the establishment of integrated and innovative Chinese corporations that compete globally; the provision of incentives to attract high-tech foreign direct investment to China; and better environmental protection. China wants to climb the next step of the technological ladder to gain global economic leadership. Practical implications – Global environmental protection in mining is eased. However, non-Chinese market players can only take advantage of new business opportunities when the prices remain high. Since REEs are of strategic importance, rising political interference and raw materials diplomacy will continue to distort markets and price building. Originality/value – The paper connects domestic reregulation of China''s rare earth sector with foreign policy goals (or “going in” and “going out”) using the competition state approach.

KeywordChina;Public policy;Global strategy;Competition state;Rare earth metals;Raw materials diplomacy

Use LangEnglish

ISSN(ISBN)1746-8809

Journalnature國外

Level,Other

UniversityCooperation

CorrespondingAuthor

Reviewsystem否

Country英國

Open Call for Papers

PublicationStyle電子版,紙本