Naoise McDonagh

Naoise McDonagh

Senior Lecturer, School of Business and Law, Edith Cowan University, Australia

Dr Naoise McDonagh is a senior lecturer in the School of Business and Law at Edith Cowan University in Perth, Australia. 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 a former president of the Australian Institute of International Affairs South Australia.

Pedestrians in Xiamen, China, on 5 January 2024. (Raul Ariano/Bloomberg)

How will de-risking impact China’s economic fortunes in 2024?

Academic Naoise McDonagh assesses the headwinds in store for China in 2024, as the US and Europe ratchet up their de-risking efforts. It is clear that Brussels and Washington are also trying to calculate the costs they are willing to absorb in the new world of weaponised trade, meaning all sides will have to dance carefully to the tune of de-risking in the year to come.
Chinese President Xi Jinping (centre), his French counterpart Emmanuel Macron (left) and European Commission President Ursula von der Leyen meet for a working session in Beijing, China, on 6 April 2023. (Ludovic Marin/Pool/AFP)

Divide and conquer: Beijing's biased treatment of France and EU could backfire   

Academic Naoise McDonagh points out that China gains little by laying the red carpet for European country heavyweights like France, while slighting the EU, as seen from the recent visits of French President Emmanuel Macron and European Commission President Ursula von der Leyen. While von der Leyen herself is known to be more hawkish towards China, she does represent the EU, which is taken to have the majority of EU countries agreement on EU positions. China’s approach can only weaken its efforts to better engage the Europeans.
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.