Description
According to Nye and Keohane’s complex interdependence theory, the social and economic interconnectedness of the world transcends the intergovernmental relationship. However, in the outburst of COVID-19, this complex interdependence and interconnectedness itself brought a negative impact through the exchange of people, goods and manufacturing process, and caused a social chaos. The investment in Europe accelerated after the financial crisis in 2008 via Chinese firms, State Owned Enterprises (SOEs), and joint ventures with European firms. PRC invested heavily on infrastructure projects such as ports, airports, the energy sector, telecommunications and real estate as well as the high value added area and high tech companies such as robotics, chemical and semi-conductors, expending PRC’s “The New Silk Road” project. It makes European economy more connected to PRC than to competing economies. I am interested to know if the similar phenomenon will happen given the pandemic of Covid-19, or states would move away from PRC to rectify the negative product of complex interdependence. I am also interested in investigating how the economic and political relations among PRC, European states and the EU would evolve given the damage the pandemic of Covid-19 brought.
