Third Option for the South China Sea

David Jay Green is Professor of Global Economics at Hult International Business School, USA. He has been a tenured professor of economics at Hosei University, Japan, and an economist at both the US Federal Reserve Board in Washington, D.C., and at the Asian Development Bank, the Philippines. He earned his PhD from Columbia University, USA.

• 1. Introduction.- 2. Low-Level Simmering Disputes.- 3. A Model from Game Theory.- 4. The Economic Context: Costs and Vulnerability to Conflict.- 5. Hypothetical Rewards, Resources in the South China Sea.- 6. Broader Issues in the West Pacific.- 7. Regional Cooperation as the Third Option: A Modified Game.- 8. The Experiences of Existing Regional Cooperation Initiatives.- 9. South China Sea Regional Cooperation: A Tentative Exercise.- 10. Conclusion.