@article{ART002882916},
author={Sang-Hwan Lee},
title={The US-China Hegemonic Struggles in the Post-COVID19 Era: Value Sharing? Profit Sharing?},
journal={Journal of Asia-Pacific Studies},
issn={1225-8539},
year={2022},
volume={29},
number={3},
pages={5-35},
doi={10.18107/japs.2022.29.3.001}
TY - JOUR
AU - Sang-Hwan Lee
TI - The US-China Hegemonic Struggles in the Post-COVID19 Era: Value Sharing? Profit Sharing?
JO - Journal of Asia-Pacific Studies
PY - 2022
VL - 29
IS - 3
PB - Institute of Global Affairs
SP - 5
EP - 35
SN - 1225-8539
AB - In the global society in the era of de-globalization and digitalization, the hegemonic competition between the United States and China creates new ideological conflicts, causes countries to coalesce with a new bloc logic, and eventually creates an international order for a new Cold War. International relations in the post-COVID19 era are characterized by ‘solidarity within the bloc (networking)’ and ‘confrontation between blocs (competition/conflict)’. The international order will be reorganized into a confrontational structure between the coalition that prioritizes values and the coalition that prioritizes interests. The group of value-sharing countries with the United States can be confirmed as the US, UK, France, Germany, Japan, Canada, Italy, Australia, and Korea (9 countries). Value-sharing countries with China can be limited to China, Russia and Turkey (3 countries). In the competition structure based on shared values, it can be seen that the United States has an advantage over China. However, it can also be seen that the bond is weakened compared to the Cold War. The US alliance is ahead of the Chinese alliance in terms of military hegemony, but the balance of terror between the two alliances is maintained in the nuclear confrontation structure. It can be seen that China has trade hegemony, financial and monetary hegemony is the United States, and economic hegemony considering all these factors is still in the United States. Therefore, it is difficult to say that China has an advantage over the United States even in the context of competition for hegemony between the United States and China based on “benefit-sharing”. Today’s international order is taking place in a confrontational structure between the US network and the Chinese network. Considering the capabilities and solidarity of both alliances in terms of value sharing and profit sharing, it can be predicted that the US alliance is ahead of the Chinese alliance, and that power transition from the US to China will be difficult in near future. In this situation, our strategic choice has no choice but to focus on the profit-sharing network based on the premise of value sharing, even if it does not exclude any one network.
KW - COVID19;Hegemony;Value Sharing;Profit Sharing;G20
DO - 10.18107/japs.2022.29.3.001
ER -
Sang-Hwan Lee. (2022). The US-China Hegemonic Struggles in the Post-COVID19 Era: Value Sharing? Profit Sharing?. Journal of Asia-Pacific Studies, 29(3), 5-35.
Sang-Hwan Lee. 2022, "The US-China Hegemonic Struggles in the Post-COVID19 Era: Value Sharing? Profit Sharing?", Journal of Asia-Pacific Studies, vol.29, no.3 pp.5-35. Available from: doi:10.18107/japs.2022.29.3.001
Sang-Hwan Lee "The US-China Hegemonic Struggles in the Post-COVID19 Era: Value Sharing? Profit Sharing?" Journal of Asia-Pacific Studies 29.3 pp.5-35 (2022) : 5.
Sang-Hwan Lee. The US-China Hegemonic Struggles in the Post-COVID19 Era: Value Sharing? Profit Sharing?. 2022; 29(3), 5-35. Available from: doi:10.18107/japs.2022.29.3.001
Sang-Hwan Lee. "The US-China Hegemonic Struggles in the Post-COVID19 Era: Value Sharing? Profit Sharing?" Journal of Asia-Pacific Studies 29, no.3 (2022) : 5-35.doi: 10.18107/japs.2022.29.3.001
Sang-Hwan Lee. The US-China Hegemonic Struggles in the Post-COVID19 Era: Value Sharing? Profit Sharing?. Journal of Asia-Pacific Studies, 29(3), 5-35. doi: 10.18107/japs.2022.29.3.001
Sang-Hwan Lee. The US-China Hegemonic Struggles in the Post-COVID19 Era: Value Sharing? Profit Sharing?. Journal of Asia-Pacific Studies. 2022; 29(3) 5-35. doi: 10.18107/japs.2022.29.3.001
Sang-Hwan Lee. The US-China Hegemonic Struggles in the Post-COVID19 Era: Value Sharing? Profit Sharing?. 2022; 29(3), 5-35. Available from: doi:10.18107/japs.2022.29.3.001
Sang-Hwan Lee. "The US-China Hegemonic Struggles in the Post-COVID19 Era: Value Sharing? Profit Sharing?" Journal of Asia-Pacific Studies 29, no.3 (2022) : 5-35.doi: 10.18107/japs.2022.29.3.001
