Naoise McDonagh

Institute for International Trade, University of Adelaide and President, Australian Institute of International Affairs, South Australia

Dr Naoise McDonagh is a lecturer in the Institute for International Trade of the University of Adelaide. His research focuses on how geopolitical tensions are driving transformations within the international political economy, with a particular focus on economic coercion, sanctions and security-driven investment screening. He is also the current president of the Australian Institute of International Affairs South Australia.

A man walks along a street in Beijing on 31 August 2022. (Noel Celis/AFP)

China’s rise is changing the liberal trade order into a power game

Academic Naoise McDonagh asserts that a key question posed by China’s rise is whether the liberal international order can remain rules-based, when its second largest member is a socialist market economy operating on different rules that it increasingly seeks to apply externally.
US President Joe Biden delivers remarks along with India's Prime Minister Narendra Modi and Japan's Prime Minister Fumio Kishida during the Indo-Pacific Economic Framework for Prosperity (IPEF) launch event at Izumi Garden Gallery in Tokyo, Japan, 23 May 2022. (Jonathan Ernst/Reuters)

No new market access, but IPEF could be a promising start

The newly launched Indo-Pacific Economic Framework for Prosperity has arguably low or no ambition around market access, but perhaps because of its non-contentious nature, could be a promising start. Countries in the region welcome options amid fears of Chinese economic coercion and may just provide the momentum needed when the time is ripe.