The Philippines

Hedging in a Post‐Arbitration South China Sea

Datos Bibliográficos

ID6041248
AutoresMary Fides A Quintos (0000-0002-2885-5348, World Economic Forum, autor de correspondencia)
Año2018
Volumen10
Número2
Páginas261-282
Fecha de publicación2018-04-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaAsian Politics & Policy (JOURNAL)
Identificadores de la revistaISSN: 1943-0787 • E-ISSN: 1943-0779
EditorialWiley (PUBLISHER • GB)
DOI10.1111/aspp.12394
OpenAlexW2801825674
IdiomaEN
Citas recibidas9
Referencias 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