Sponsored by Institute of World Economics and Politics, Chinese Academy of Social Sciences
ISSN 1006-9550 CN 11-1343/F
12 issues per year
Discipline(s): Politics, Law & Military; Economics & Finance
Current Issue: Issue 12, 2018
World Economics and Politics is supervised by Chinese Academy of Social Sciences, and sponsored by Institute of World Economics and Politics, Chinese Academy of Social Sciences. It was launched in 1979, is a flagship in the domain of international relations research in China, aiming to combine international politics and world economy, theory and practice, domestic and international issues. The journal focuses on the comprehensive, forward-looking and innovative topics which are closely related to hot issues. Articles published mainly attach to groundbreaking scientific research from all fields of economics and international politics, particularly those with an emphasis on the overall analysis of global changes and characteristics. The journal is included in CSSCI.
Since the 2008 global financial crisis, multilateralism in the Asia Pacific has experienced a transformation from an ASEAN-led one to “contested multilateralism,” which is operated by non-ASEAN major powers for institutional building and institutional reform in the region. Under high strategic uncertainty and high economic interdependence, “contested multilateralism” is a result of institutional coordination and competition among different political entities for regional order transition and reconfiguration. In order to pursue a strategic advantage during power, interest, and institutional competitions, major powers in the region have adopted “institutional balancing” strategies to orient the potential order transition to the direction most beneficial for their own interests. During an order transition period, states can adopt four types of role conception: order defender, order-reforming country, kingmaker, and follower. These different role conceptions encourage them to choose different institutional balancing strategies, including inclusive institutional balancing, exclusive institutional balancing, and inter-institutional balancing. Although the overlapping institutions in the era of “contested multilateralism” may presently appear redundant and inefficient, they confine the intensified competitions among major Asia-Pacific powers within the framework of institutional balancing. An unintended consequence of this institutional balancing might be a peaceful order transition in the future.