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EAST ASIA AND PACIFIC CONFLICT
(2)
answer(s).
Srl
Item
1
ID:
165043
Reputations and the fight against tax evasion: EU pressure and Asian financial centres
/ Vogt, Roland
Vogt, Roland
Journal Article
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Summary/Abstract
This article examines an important dimension of how states influence each other: by damaging or tarnishing their reputations. It illustrates this form of reputational pressure by analysing the European Union's (EU) efforts to combat tax evasion in Asian financial centres. The aim is to understand changes in the EU's approach to preventing EU-domiciled high net worth individuals (HNWIs) from hiding their wealth in Hong Kong and Singapore, Asia's most important financial centres. The article finds that the deliberate deployment of reputational pressure plays a major role in accounting for the isomorphist tendencies of the regulatory architecture governing tax evasion and harmful tax competition. It contextualizes the evolving anti-tax evasion regulatory regime in the EU and tracks its influence on Hong Kong and Singapore. The crackdown on tax evasion has made it more difficult for both cities not to comply with EU regulatory preferences without suffering major reputational damage. The article suggests that the EU and member states have been successful in pressuring Asian financial centres into higher degrees of regulatory compliance.
Key Words
Security
;
Defence Political Economy
;
East Asia and Pacific Conflict
;
Economics Europe
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2
ID:
161717
Rethinking China's rise: Chinese scholars debate strategic overstretch
/ Pu, Xiaoyu ; Wang, Chengli
Pu, Xiaoyu
Journal Article
0 Rating(s) & 0 Review(s)
Summary/Abstract
In recent years, some Chinese elites have started to rethink the strategies and tactics of China's rise on the global stage. Some scholars see the problems in the West as strategic opportunities for China. However, others worry that Beijing might have taken steps too bold and too soon. This article aims to provide an updated analysis of the Chinese scholarly debate of strategic overstretch. Similar to the economics of cost–benefit analysis, strategic overstretch occurs if the cost of maintaining the existing system exceeds the benefits. Most Chinese scholars agree that China's policy community should pay more attention to the topic of strategic overstretch, while they disagree on the extent to which China already has such a problem. Designing and implementing a prudent grand strategy is an enduring challenge for Great Powers and Chinese scholars have taken different positions on the goals, means and time horizon of China's grand strategy. While we cannot claim that the Chinese scholarly debate has fundamentally changed China's foreign policy, there is a clear correlation between the emergence of a cautious voice in the academic world and the moderation of Chinese foreign policy—even as China continues to implement an ambitious foreign policy in a new era.
Key Words
Security
;
Defence
;
International Relations Theory
;
East Asia and Pacific Conflict
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