Munich Personal RePEc Archive

Geoeconomics, China, Fourth Industrial Revolution and the Future

Khan, Haider (2023): Geoeconomics, China, Fourth Industrial Revolution and the Future.

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2023 May Geoeconomics Chinese Economy.pdf

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Geoeconomics is developing as field of inquiry and policy guidance in Global Security Studies, Global Political Economy and International Politics. Geoeconomics requires us to think in terms of new and old transportation corridors, international trade and finance, economic development or maldevelopment in a complex unevenly developed world of political economy and great power rivalry.I offer a new modified form of realism which I call critical trans-neoclassical realism (CTNR). Consistent with this somewhat novel theory, in our complex, uneven world of international competition, technological innovation needs to be reconceptualized as a complex dynamic system with national systems facing imperatives of both competition and cooperation. There is thus a call for increased efficiency. But this might neglect urgent needs for equity and thus lead to greater polarization. I present a nonlinear complex dynamic systems model of innovation for China within which both efficiency and equity can be addressed. For the fourth industrial revolution, digital technologies based on semiconductor material foundation and AI are analyzed for China within such a system which can be called socially embedded capabilities enhancing national innovation system or SECENIS. The Chinese SECENIS that is being built for the 21st century has important regional and geoeconomic implications for the future.

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