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282. Reinterpreting China's Success Through the New Economic Geography
- Author:
- Yukon Huang
- Publication Date:
- 11-2010
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- China has in recent years capitalized on its huge, diverse population and geographical expanse to transform itself into the world's most efficient assembler and exporter of a wide range of manufactured goods. In achieving this development, it has followed a strategy essentially based on the New Economic Geography, which explains how lower transportation costs and concentration of economic activities foster economies of scale and explosive urbanization.
- Topic:
- Economics, Globalization, and Industrial Policy
- Political Geography:
- China
283. Concrete Steps to Improve the Nonproliferation Regime
- Author:
- Pierre Goldschmidt
- Publication Date:
- 04-2009
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- Today's nuclear nonproliferation regime is increasingly challenged by states that exploit ambiguity in rules and rifts in the international community to pursue nuclear weapon capabilities without fear of reprisal. At present, lax and inconsistent compliance practices threaten nonproliferation efforts by giving some states more leeway for evading rules than should be tolerable in an effective nonproliferation regime.
- Topic:
- International Cooperation, International Organization, Nuclear Weapons, Treaties and Agreements, and Weapons of Mass Destruction
284. The G20 Meetings: No Common Framework, No Consensus
- Author:
- Michael Pettis
- Publication Date:
- 05-2009
- Content Type:
- Policy Brief
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- Participants in the recently completed G20 meeting in London agreed on a number of measures, some substantial and some merely symbolic, but they sidestepped the real issues dividing the major economic powers and, in so doing, failed to address the root causes of the global trade and investment imbalances. This was almost inevitable. China, Europe, and the United States have incompatible conceptual frameworks for understanding the causes of the global financial crisis; furthermore, their conflicting domestic political constraints make agreement on solutions hard to reach. Europeans believe that the root cause of the crisis was excessively deregulated financial systems, and they are skeptical about U.S. and Chinese calls for fiscal expansion, worrying that excessive spending would prolong the imbalances and make the ultimate adjustment more difficult. China also believes that the roots of the crisis lie within the structure of the global financial system, although Beijing insists that it was mainly the reserve status of the U.S. dollar that permitted imbalances to develop to unsustainable levels. China is particularly vulnerable to trade protection and seeks to maintain open markets for its continued export of domestic overcapacity. Like the United States, it is pushing for more aggressive, globally coordinated fiscal expansion. However, because of rigidities in its financial system and development model, its fiscal response to the crisis may exacerbate the difficult global adjustment and may, ironically, increase the chances of trade friction. In a time of contracting demand, the United States controls two-thirds of the most valuable resource in the world: net demand. Consequently, it is U.S. policies that will determine the pace and direction of the global recovery, along with the institutional framework that will govern trade and investment relationships for decades to come. The crisis puts the United States more firmly at the center of the emerging world order than ever. So far, the United States has not understood the need to consider the global outcomes of its recovery policies. Until the major powers can reach consensus about the roots of the imbalance and cooperate on policies to promote recovery, it is likely that the world economy will get worse before it gets better. The United States will drive the recovery process, but in order to do so effectively it will need to recognize its position of strength and negotiate the appropriate agreements with other major powers, especially China, on the pace and nature of the adjustment.
- Topic:
- Economics, Globalization, International Trade and Finance, and Monetary Policy
- Political Geography:
- United States, China, Europe, and London
285. Managing Arab Sovereign Wealth in Turbulent Times—and Beyond
- Author:
- Sven Behrendt and Bassma Kodmani
- Publication Date:
- 04-2009
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- The debate about the role that sovereign wealth funds (SWFs) from Arab and other emerging economies play in international financial markets has been a highly cyclical one. Only twelve months ago, the Western public questioned the deeper rationales for sovereign investments in what were perceived to be strategic assets of Western economies. Commentators argued that these investments could harm the long-term competitiveness and national security of Western economies.
- Topic:
- Economics, International Trade and Finance, Political Economy, and Foreign Direct Investment
- Political Geography:
- Arabia
286. Recovery: The Global Financial Crisis and Middle-Income Countries
- Author:
- Alejandro Foxley
- Publication Date:
- 07-2009
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- No country has proved immune to the devastating effects of the current global financial crisis. But the middle-income countries of Eastern Europe, Latin America, and East Asia, which previously had achieved significant progress—economically and socially— have shown themselves to be particularly vulnerable. The crisis has high- lighted important lessons for these countries, which inhabit a twilight zone between the developed and developing worlds –and those that aspire to join their ranks – as they rebuild
- Topic:
- Economics, Globalization, Markets, and Financial Crisis
- Political Geography:
- Europe, East Asia, and Latin America
287. Focus and Exit: An Alternative Strategy for the Afghan War
- Author:
- Gilles Dorronsoro
- Publication Date:
- 01-2009
- Content Type:
- Policy Brief
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- After seven years of war, the international community has failed to create the conditions for a sustainable Afghan state. The reality is that the international coalition now has limited resources and a narrow political time frame to create lasting Afghan institutions. Yet building such institutions is our only realistic exit strategy. The debate in Washington and European capitals has recently centered on how many more troops will be sent to Afghanistan in 2009 as part of a military surge. Such a tactical adjustment is unlikely to make much of a difference in a country where the basic population-to-troops ratio is estimated at approximately 430 people per foreign soldier.
- Topic:
- Civil Society, Terrorism, and War
- Political Geography:
- Afghanistan and Central Asia
288. Avoiding Mutual Misunderstanding: Sino-U.S. Relations and the New Administration
- Author:
- Tianjian Shi and Meredith Wen
- Publication Date:
- 01-2009
- Content Type:
- Policy Brief
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- After the election of Barack Obama as president, Carnegie's Beijing Office assembled a group of leading scholars of international relations to discuss their expectations of the new administration. This policy brief conveys their opinions on various aspects of Sino-American relations and on America foreign policy in general.
- Topic:
- International Relations, Foreign Policy, and International Trade and Finance
- Political Geography:
- United States, China, and Beijing
289. President Obama and Middle East Expectations
- Author:
- Marina Ottaway and Amr Hamzawy
- Publication Date:
- 01-2009
- Content Type:
- Policy Brief
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- The Carnegie Endowment has monitored closely the Arab media's coverage of the long U.S. election campaign and the reactions to Barack Obama's victory. Recently, the Carnegie Middle East Center commissioned a series of commentaries from Arab writers and analysts.
- Topic:
- Foreign Policy and Terrorism
- Political Geography:
- United States, Middle East, and Arab Countries
290. Stepping Back From Democratic Pessimism
- Author:
- Thomas Carothers
- Publication Date:
- 02-2009
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- Pessimism about the progress of democracy in the developing and postcommunist worlds has risen sharply in recent years. Negative developments in a variety of countries, such as military coups, failed elections, and the emergence of antidemocratic populist leaders, have caused some observers to argue that democracy is in retreat and authoritarianism on the march. A broad look at the state of democracy around the world reveals however that although the condition of democracy is certainly troubled in many places, when viewed relative to where it was at the start of this decade, democracy has not lost ground in the world overall. The former Soviet Union is the one region where democracy has clearly slipped backward in this decade, primarily as a result of Russia's authoritarian slide. The Middle East has also been a source of significant disappointment on democracy but mostly in comparison with unrealistic expectations that were raised by the Bush administration. In most of the rest of the world good news with respect to democratization is found in roughly equal proportion to bad news and considerable continuity has prevailed as well.
- Topic:
- Foreign Policy, Cold War, Communism, Democratization, Development, and Political Economy
- Political Geography:
- Russia, United States, and Middle East