[Forum] Impact of geoeconomics on strategic equilibrium in the Indo-Pacific_Dr Darren Lim (16.04.2024

Darren Lim Presentation to ISIS Malaysia April 2024 April 2024 Darren Lim 0 The United States, export controls and semiconductors • Sep 2022: National Security Adviser Jake Sullivan describes key technologies as “force multipliers” that are so foundational to the future of national security that not did the US need to lead but maintain the “largest lead possible”. [...] Intentions: The use of economic instruments: • to promote and defend national security, • to produce beneficial geopolitical outcomes; and 2. [...] April 2024 Darren Lim 6 The national interest Three (traditional) pillars of the national interest: • Security: Defence of the homeland and autonomy of action. [...] Lim 7 4 4/17/2024 Potential geoeconomic tradeoffs in policymaking • Economics vs security • Markets vs states • Openness vs closure (markets, society) • US vs China • Non-discriminatory multilateral system vs minilateral networks of trusted partners • Formal rules and institutions vs informal, ad-hoc action April 2024 Darren Lim 8 Geoeconomics and statecraft The accumulation and exercise of power:. [...] April 2024 Darren Lim 15 8 4/17/2024 Zooming out: International economic order • The rise of geoeconomics occurs within the post-war economic order that was designed in response to the “beggar-thy-neighbour” protectionism of the 1930s, which contributed to WWII.