This Palgrave Pivot investigates how the Chinese and United States financial systems are becoming increasingly interdependent, in spite of a simultaneous technological rivalry and ‘decoupling’ between the two nations. The book offers a comparative analysis of Sino-US financial systems before and after the global financial crisis of 2008-2009, demonstrating the deepening integration of China into global financial markets and its move from an indirect bank-based system towards a direct market-oriented system. It discusses the economic and technological competition that has arisen between the US and China, the two largest financial centers based on financial technology, and demonstrates the differences in national interest driving processes of digitalization and FinTech applications. At the same time, the book points to ways in which a market-oriented global financial system and the rapid international growth of financial technology make future cooperation inevitable and necessary. This book places Sino-US financial relations in a broader financial-economic perspective and will be of interest to academics, consultants and students working in banking and finance, international financial markets, comparative economics, monetary theory and Chinese business studies.

Web3 is a term which refers to the third generation of the World Wide Web; it is a decentralized internet architecture that uses blockchain technology, smart contracts, and other decentralized technologies to create a more secure and transparent internet.Concepts, Technologies, Challenges, and the Future of Web 3 is led by researchers with a valuable mix of industry and academic experience. The book delves into the concepts of decentralization, trustlessness, and interoperability and explores the challenges of Web3, including scalability, security, and regulatory compliance. It examines the current and potential future use cases of Web3, such as decentralized finance, supply chain management, identity verification, and decentralized social networks. “The core building blocks of Web3” is not just for researchers, academics, and students in computer science and related fields but also for developers, entrepreneurs, and businesses looking to build applications and services in the Web3 space. It offers a clear understanding of the technical and conceptual frameworks underpinning Web3 and the challenges and opportunities in the decentralized web. Moreover, the book is valuable for policymakers, regulators, and legal professionals interested in understanding the regulatory frameworks and legal implications of Web3. It provides insights into the potential impact of Web3 on governance, regulation, and law, highlighting the need for new policy frameworks to address the challenges and opportunities presented by the decentralized web.

This Palgrave Pivot book analyses the current state of economic and financial relations between China and the European Union. It illustrates the ‘de-risking’ strategy that informs much of financial policy between China and the EU and argues that this differs from the policy of ‘decoupling’ that characterizes the US approach towards China. Exploring how the EU positions itself in the context of a trade and tech race between the US and China, the book sketches out a range of geopolitical challenges for Europe as it navigates current and future scenarios in global economic cooperation and competition. It discusses the concept of ‘strategic autonomy’ for the EU and explores barriers to achieving this as well as options for re-shaping relations with China. The book provides an excellent overview for researchers and policy-makers of Sino-EU economic relations today and sets them firmly in the contexts of the post-pandemic world with new global value chains, rapid technological development, and evolving environmental challenges.

While counterterrorism has been the primary focus of the defence and security policies of major Western countries in the last two decades, recent years have seen the re-emergence of states as the major threat. Intelligence Cooperation under Multipolarity offers a timely analysis of the challenges and opportunities for intelligence cooperation, characterized by the re-emergence of great power competition, particularly between the United States, China, and Russia. This collection explores foreign policy and national security tools and partnerships that have emerged as the United States, typically an international leader, experiences internal and external shocks that have rendered its role on the international stage more uncertain. The book focuses on non-American perspectives in order to understand how America’s allies and partners have adjusted to global power transitions. Drawing on contributions from leading intelligence and strategic studies scholars and professionals, Intelligence Cooperation under Multipolarity aims to broaden and deepen our understanding of the consequences of the power transition on national security policies.

How globalized information networks can be used for strategic advantage Until recently, globalization was viewed, on balance, as an inherently good thing that would benefit people and societies nearly everywhere. Now there is growing concern that some countries will use their position in globalized networks to gain undue influence over other societies through their dominance of information and financial networks, a concept known as "weaponized interdependence." In exploring the conditions under which China, Russia, and the United States might be expected to weaponize control of information and manipulate the global economy, the contributors to this volume challenge scholars and practitioners to think differently about foreign economic policy, national security, and statecraft for the twenty-first century. The book addresses such questions as: What areas of the global economy are most vulnerable to unilateral control of information and financial networks? How sustainable is the use of weaponized interdependence? What are the possible responses from targeted actors? And how sustainable is the open global economy if weaponized interdependence becomes a default tool for managing international relations?

In recent years, China has become a world leader in e-commerce, e-currency, 5G and artificial intelligence, cementing itself as a major competitor to established powers. Gerald Chan poses the question: How has China pulled this off? Arguing that the answer lies in the country’s Digital Silk Road, a multi- faceted programme to connect the world via digital means, the book explores how China has shaped the development of the digital order, secured a critical role in internet governance and upset the status-quo powers.

This book is an introductory account for policy makers, academia, and interested readers on the digital technologies on Indian Military. It covers three technologies – AI, Blockchain, and Quantum communications – and provides a detailed account on the military use cases. It evaluates the readiness of Indian Military in these technologies. A foundational text, it not only provides key policy analysis but also identifies the gray areas for the future research in the security studies. The volume will be essential reading for scholars and researchers of military and strategic studies, especially future warfare, AI and Blockchain, and South Asian studies. It will be of interest to general readers as well.

This book offers a unique perspective on current changes. Describing globalization as a long-term process of intertwined technological, economic, political, and cultural changes, the author identifies distinct phases in the global system development, and concludes that the pattern of change continues even with the rise of new digital technologies.