The Rise of Emerging Power and the Future Strategies of Middle Powers: Economic and Normative Dimensions

Panel Code

This panel examines middle powers’ economic statecrafts of various kinds and the powers' normative engagement, which are designed to deal with the power struggle between an emerging power-i.e., China and an existing hegemon-i.e., the U.S-in the Asia Pacific. By focusing on a set of middle powers in the region such as South Korea, Australia, and the ASEAN, the panel explores how these middle powers can play a mediating role in re-negotiating regional architecture, resolving prospective military conflict, and building the image of peace-prone region. Specifically, the panel consists of three research papers as follows:

1. Middle Powers and the Changing Dynamics of Regional Architecture in East Asia
2.Thucydides on “Thucydides Trap”: Lessons for/by Middle Powers in Power Transition
3. Disadvantageous Power Status?: State Reputation of Superpowers vs. Middle Powers

The first paper examines how middle powers in the Asia Pacific, especially the ASEAN and South Korea, can play a mediating role in the re-negotiation of regional security-and economic architecture against the backdrop of U.S.-China power competition in the Asia Pacific. The second paper focuses on the implications of Thucydides trap in the power competition between the U.S. and China of the 21st century and on the lessons that the trap may offer to the middle powers in the Asia Pacific. The third paper traces out middle powers’ way of engaging in both U.S. and China’s competition for building their image and reputation with an emphasis on South Korea and Australia.

P.S.This panel goes hand in hand the panel titled "the rise of emerging power and the future strategies of middle powers: security dimension." We sincerely ask IPSA to schedule the two panels on the same day.