The concept of hedging and its application to Southeast Asia: a critique and a proposal for a modified conceptual and methodological framework
The concept of hedging and its application to Southeast Asia: a critique and a proposal for a modified conceptual and methodological framework
复制标题
DOI：
10.1093/irap/lcz010
复制
发表时间：
2019-09-01
影响因子：
1.4
通讯作者：
Haacke, Jurgen
中科院分区：
文献类型：
--
作者：
Haacke, Jurgen
在冷战后复杂的单极时代背景下，中国重新崛起为经济和军事大国，中小大国越来越被认为是对冲。这种分析在东南亚国家尤其普遍，其中许多国家面临中国带来的安全挑战。然而，随着套期保值文献的扩展，这一概念的分析价值已不再明显。对套期保值的不同理解在文献中相互竞争，并且有许多套期保值的经验确定标准，甚至在哪些国家进行套期保值的基本问题上也导致了混乱。作为回应，本文提出了一个修改后的概念和方法框架，该框架清楚地划分了对冲与其他安全战略的关系，并确定了评估较小国家在面临某个大国的严重安全挑战时是否进行对冲的关键标准。这一框架随后适用于马来西亚和新加坡。
In the context of the complex unipolar post-Cold War period that has witnessed China's reemergence as an economic and military power, small and middle powers are increasingly considered to be hedging. This analysis is especially prevalent in relation to Southeast Asian countries, many of which face security challenges posed by China. However, as the literature on hedging has expanded, the concept's analytical value is no longer obvious. Different understandings of hedging compete within the literature, and there are many criteria by which hedging is empirically ascertained, leading to confusion even over the basic question of which countries are hedging. In response, this article presents a modified conceptual and methodological framework that clearly delineates hedging from other security strategies and identifies key criteria to evaluate whether smaller powers are hedging when confronting a serious security challenge by one of the major powers. This framework is then applied to Malaysia and Singapore.