This Palgrave Pivot uses a simple model from game theory to explain the behavior of countries disputing ownership of resources and of small islands in the South China Sea. It argues that the rapid transformation of the region's economy - the rise of Factory Asia – is not being acknowledged, leading countries to take chances beyond what a rational picture of costs and benefits would suggest. R…
This Palgrave Pivot uses a simple model from game theory to explain the behavior of countries disputing ownership of resources and of small islands in the South China Sea. It argues that the rapid transformation of the region's economy - the rise of Factory Asia – is not being acknowledged, leading countries to take chances beyond what a rational picture of costs and benefits would suggest. R…