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“The United States has reshaped how it uses military and economic tools to compete with China, Russia, and other adversaries. The United States is increasingly adept at deploying military assets, as well as a range of financial sanctions or trade deals, to weaken China or Russia's position and advance its own. Yet, the United States […]
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AbstractThis study extends the prior literature on the effect of marketing activities on firm value by investigating whether the nature of strategic competition affects financial outcomes differentially. Using the competitive strategy measure (CSM), we show that marketing spending is beneficial (detrimental) to firm value when the firm is in strategic substitutes (complements) and the efficacy is a decreasing function of the degree of industry competition. The relative competitive position of a firm in the industry—whether it is a leader or a follower—matters in the quality and size of the effect of marketing spending. By bifurcating the nature of strategic competition into strategic substitutes and complements, we disentangle the dichotomous effects of marketing activities on firm value. Copyright © 2018 ASAC. Published by John Wiley & Sons, Ltd.

The XXI is considered by major countries in the Asia-Pacific region as 'the century of sea and ocean' and is accompanied by fierce competition among the nations to gain interest in the sea regions. On the basis that previously only considered the competition for military objectives, geostrategic bases and traffic channels through the straits, nowadays, countries worldwide have stepped up the competition for economic interests and marine resources. The development of military power and the competitive activities for resources at sea show clear the tendency to use the sea to contain the continent. In that context, the Indian Ocean, as the world's third largest ocean, has an important geographic location and rich and diverse natural resources; the arterial sea route is gradually becoming the center of new world geopolitics and an important area in the strategic competition between two 'Asian giants' - India and China. The competition between these countries in the Indian Ocean is growing and profoundly impacts the region's stability and security. This article focuses on the position and important role of the Indian Ocean in the policies of India and China, the fierce competition between the two countries in nearly two decades of the XXI century.

AbstractThe prioritization of economic development, considered as a key in understanding the co-existence of heightened security situations and growing economic interdependence in Asia, should be considered as a political strategy among many chosen by political elites in their own political context rather than a consensus implying general acquiescence to the idea. The recent competition between the Belt and Road Initiative by China and the Free and Open Indo-Pacific by the United States, Japan, Australia, and India confirms and reinforces the tendency toward the mobilization of development policy for increasingly strategic purposes in the context of rising tension between the United States and China. At the same time, there is some cooperative element in prioritizing development in Asia.

Abstract In a two‐country Hotelling type duopoly model of price competition, we show that parallel import (PI) policy can act as an instrument of strategic trade policy. The home firm's profit is higher when it cannot price discriminate internationally if and only if the foreign market is sufficiently bigger than the domestic one. The key mechanism in the model is that the home firm's incentive to keep its domestic price close to the optimal monopoly price affects its behavior during price competition abroad. We also analyze the welfare implications of PI policies and show that our key insights extend to quantity competition.

The CSIS Aerospace Security Project and Defense Budget Analysis program hosted a conversation on the Air Force's budgetary priorities with the Under Secretary of the Air Force and the Deputy Chief of Staff for Plans and Programs.

1. The US's global supremacy -- 2. The US and liberal values -- 3. The US and the international economic system -- 4. The US and the Taiwan issue -- 5. The US and Japan -- 6. The US and North Korea -- 7. The US and South Korea -- 8. The US and Central Asia -- 9. Conclusions.