The Philippines

Hedging in a Post‐Arbitration South China Sea

Dados Bibliográficos

ID6041248
AutoresMary Fides A Quintos (0000-0002-2885-5348, World Economic Forum, autor correspondente)
Ano2018
Volume10
Fascículo2
Páginas261-282
Data de publicação2018-04-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoAsian Politics & Policy (JOURNAL)
Identificadores do periódicoISSN: 1943-0787 • E-ISSN: 1943-0779
EditoraWiley (PUBLISHER • GB)
DOI10.1111/aspp.12394
OpenAlexW2801825674
IdiomaEN
Citações recebidas9
Referências citadas3

One of the major foreign policy decisions that then newly sworn‐in Philippine President Rodrigo Duterte had to make was on the implementation of the 12 July 2016 Arbitral Tribunal's Award on the Philippines v. China case on the South China Sea, amid China's adamant position that it does not recognize the ruling of the tribunal. This article explores how the strategy of hedging is the optimal choice in pursuing the Philippines’ foreign policy particularly in a post‐arbitration environment, in light of current developments and geopolitical realities in the region. In particular, it provides insights on why betting on multiple alternative positions that include both returns‐maximizing and risk‐contingency measures can best serve the Philippines’ interests and be vehicles to promote compliance with the Award

Arbitration · China · Contingency · Economics · Foreign policy · Geopolitics · Political science · Politics · Position (finance · Tribunal · Global Financial Regulation and Crises · International Arbitration and Investment Law · Law · Law, logistics, and international trade · Finance