A NEW GEOPOLITICS AND GEO-ECONOMICS OF RARE EARTH ELEMENTS (REES): A CASE STUDY OF CHINA
DOI:
https://doi.org/10.55733/jpcs.v6i1.90Keywords:
Geopolitics of rare earth resources,, technological innovations, supply chain, industrial developments, geo-economic competition, periodic-politicsAbstract
The current world order and international trade have entered into advanced technological and economic security of rare earth elements (REEs). A geopolitical evolving bloc has significantly reshaped the global world order and trade. A geopolitical game on periodic table will shape world politics aiming to control resources. This paper aims to analyze the use of China’s politics of REEs, which significantly impacts the world trade into groupings. The apparent competition for REEs is between states including US, China, Japan and Russia. There is a wide array of literature available on the trade competition between the US and China, and various scholars have established considerable scholarship on the subject matter. The central question is how the REEs will shape the future geopolitical-driven trade war and conflicts in the context of their foreign policies. Therefore, it is argued that the geopolitics of REEs will further exacerbate the great powers rivalries and competition over REEs. The 21st-century economy is based on the REEs. The new dimensions of the world economy will shape future geopolitics and geo-economics on strategic lines and aspects.
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