{"id":999223,"date":"2023-12-11T08:48:03","date_gmt":"2023-12-11T15:48:03","guid":{"rendered":"https:\/\/globalfutures.asu.edu\/cel\/?post_type=project&p=999223"},"modified":"2024-01-17T16:24:37","modified_gmt":"2024-01-17T23:24:37","slug":"growing-chinese-economic-power-and-the-exacerbating-effects-of-u-s-economic-interdependence","status":"publish","type":"project","link":"https:\/\/globalfutures.asu.edu\/cel\/project\/growing-chinese-economic-power-and-the-exacerbating-effects-of-u-s-economic-interdependence\/","title":{"rendered":"Growing Chinese economic power and the exacerbating effects of U.S. economic interdependence"},"content":{"rendered":"
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Growing Chinese economic power and the exacerbating effects of U.S. economic interdependence<\/strong><\/h2>\n\n\n\n

A project funded by the Department of Defense Minerva Research Initiative<\/a>, administered by the Air Force Office of Scientific Research<\/strong><\/h4>\n\n\n
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The foundation of U.S. power is its economy and that economy is critically dependent on a stable international order. Yet, globalization of trade and technological advancement over the past two decades have created an international economic system that poses several significant and interrelated threats to U.S. national security.<\/p>\n\n\n\n

First, the interdependent nature of this system is a source, not only of strength, but also of vulnerability. The global nature of today\u2019s economic systems means a disruption in one place can swiftly cascade across the world, disrupting global supply chains and national economies. Second, global economic interdependence has virtually replaced linear chains of cause and effect with a complex network of causal impacts. U.S. national policies such as tariffs, which once had largely predictable outcomes, now often lead to unanticipated and undesirable consequences for the U.S. economy. Third, the current structure of global economic systems exposes the U.S. to potential acts of coercion and extortion by other countries, including key trading partners. China, in particular, is increasingly adept at using such economic weapons.<\/p>\n\n\n\n

However, in the peer-reviewed academic literature there exist two competing views of how interdependence affects the vulnerability and resilience of social systems. While one school highlights the benefits of interdependence, and even promotes economic interdependence as a path to global peace, a second school focuses on the dangers of deep interdependence. This lack of consensus has persisted for years with little progress towards generalizable theories. If knowledge in this area is to progress these divergent viewpoints must be reconciled.<\/p>\n\n\n\n

This project addresses this intellectual discord and associated security needs by examining how economic interdependence induces vulnerability and creates threats to national security. We will construct (1) quantified metrics, models, and indices of global economic system and industrial sectoral vulnerability, and (2) a multilayer network analysis of U.S. interdependence with China and how those networks combine to exacerbate system vulnerabilities.<\/p>\n\n\n\n

Output will include published research papers, public events, new decision support tools, and a suite of metrics useful for assessing and managing the resilience and vulnerability of networked social systems. We expect this output to impact two key communities. First, we expect to make significant contributions to basic social science by elucidating and quantifying the negative impacts of interdependence on social and economic systems. Benefitting disciplines include political science\/international relations, social network science, economics, and complex systems science. Second, we expect to impact the national defense and security communities by (1) enabling policy makers to anticipate the security impacts of proposed economic policies and by (2) creating a methodology to identify industries and countries that create trade-related vulnerabilities for the U.S. economy.<\/p>\n\n\n\n

Partners<\/h2>\n\n\n
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\"Arizona<\/figure>\n\n\n\n

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\"University<\/figure>\n\n\t<\/div>\n\n\n\n
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\"Michigan<\/figure>\n\n\t<\/div>\n\n<\/div>\n\n\t<\/div>\n\n\n\n
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Project members<\/h2>\n\n\n
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Shade Shutters<\/h3><\/div>
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Rachata Muneepeerakul<\/h3><\/div>
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Cameron G. Thies<\/h3><\/div>
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Keith Waters<\/h3><\/div>
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Suleyman Orhun Altiparmak<\/h3><\/div>
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Erwann Guettouche<\/h3><\/div>
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Miles Mcanulty<\/h3><\/div>
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Kayleigh Steele<\/h3><\/div>
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Gabriel White<\/h3><\/div>
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Project output<\/h2>\n\n\n\n

Peer-reviewed publications<\/h3>\n\n\n\n