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1. Propositions on Sino-American Trade Dispute: Some Helpful Ideas from Social Science

Author:
Steve Chan
Publication Date:
11-2019
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies (NTS)
Abstract:
This short essay introduces some concepts and propositions from social science research that I personally find helpful in understanding the ongoing Sino-American trade dispute. Naturally, they are not meant to suggest a comprehensive or exhaustive list of factors that inform this topic. Given the purpose and the limits of my essay, I also do not engage any specific theory or method, such as the efficient-market hypothesis or game theory pioneered by well-known Nobel laureates (e.g., Burton Malkiel and Eugene Fama1; Thomas Schelling2).
Topic:
Conflict, Trade, and Economic Cooperation
Political Geography:
United States, China, and Asia-Pacific

2. China’s Belt and Road Initiative: A Perception Survey of Asian Opinion Leaders

Author:
Pradumna B. Rana, Chai Wai-Mun, and Ji Xianbai
Publication Date:
11-2019
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies (NTS)
Abstract:
The Belt and Road Initiative (BRI), officially unveiled in 2013, is China’s landmark foreign and economic policy initiative to achieve improved connectivity, regional cooperation, and economic development on a trans-continental scale. China has promoted the BRI as a cooperative initiative that will lead to a win- win situation for both China and BRI partner countries. However, there are many different views and pushbacks against the BRI and suspicions of China’s underlying intentions. Impacts of the BRI can be assessed either through a model-based quantitative study or through a broadly representative survey. Our paper used the latter approach as we were not aware of any such study in the past. We implemented an online survey from 20 June to 19 July 2019 which over 1,200 Asian opinion leaders responded to. Asian opinion leaders were defined as policy makers, academics, businesses, and media practitioners from 26 Asian countries that have signed a BRI agreement with China. Stakeholders’ perspectives on the following issues were solicited: (i) why China might have been interested in launching the BRI; (ii) perceived benefits and risks to countries participating in the BRI; and (iii) policies that the stakeholders would like to recommend both to China and their own governments. Though mixed views on the specifics of the BRI emerged, respondents generally felt that the BRI was a positive development facilitating international economic cooperation and development. The recommendations of this survey should be of some use in making the BRI a truly win-win initiative for all.
Topic:
Foreign Policy, Imperialism, Economic Policy, and Economic Cooperation
Political Geography:
China, Asia, and Global Focus

3. Trade Policy Options for ASEAN Countries and Their Regional Dialogue Partners: “Preference Ordering” Using CGE Analysis

Author:
Pradumna B. Rana, Xianbai Ji, Wai-Mun Chia, and Chang Tai Li
Publication Date:
03-2018
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies (NTS)
Abstract:
The withdrawal of the United States from the Trans-Pacific Partnership (TPP) and Trump’s “America First” agenda have ignited a second round of interest in mega-free trade agreements in the Asia Pacific region. Countries have been motivated to explore alternative trade policy options. Using national real gross domestic output gains estimated by the GTAP model to construct “preference ordering” for 10 Association of Southeast Asian Nations (ASEAN) members and their six regional dialogue partners, this paper comes up with several findings. First, when multilateral agreements are not possible, countries are better off with a narrower regional trading agreement than without one. Second, in the region, Regional Comprehensive Economic Partnership (RCEP) has higher beneficial impacts than the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Third, for dual-track countries, that is countries that are negotiating both the CPTPP and the RCEP, implementing both agreements is better than each separately. Fourth, as expected, economic impacts of the CPPTP are lower than those of the original TPP12, but all CPPTP members will benefit although to different degrees. Fifth, economic impacts of open regionalism are higher than those of a closed and reciprocal one. Going forward, the paper argues that ASEAN countries and their regional dialogue partners need to adopt a “multi-track, multi- stage” approach to trade policy.
Topic:
Regional Cooperation, Trans-Pacific Partnership, Free Trade, and Economic Cooperation
Political Geography:
United States, China, Asia, and Asia-Pacific

4. Game of Institutional Balancing: China, the AIIB, and the Future of Global Governance

Author:
Kai He and Huiyun Feng
Publication Date:
05-2018
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies (NTS)
Abstract:
The establishment of the Asian Infrastructure Investment Bank (AIIB) has signified a “charm offensive” by China towards multilateral institutions and existing global financial governance. If the rise of China is inevitable, what will the future world look like and what should other countries be prepared for? Borrowing insights from institutional balancing theory and role theory in foreign policy analysis, this project introduces a “leadership transition” framework to explain policy dynamics in global governance with the AIIB as a case study. It suggests that China, the US, and other countries have employed different types of institutional balancing strategies, i.e., inclusive institutional balancing, exclusive institutional balancing, and inter-institutional balancing to compete for influence and interest in the process of establishing the AIIB. A state’s role identity as a “leader,” a “challenger,” or a “follower” will shape its policy choices regarding different institutional balancing strategies in the process of leadership transition in global governance. Institutional balancing is a new form of balancing among states in the future of global governance. China’s institutional rise in global governance might be more peaceful than widely predicted.
Topic:
Regional Cooperation, Infrastructure, Governance, and Economic Cooperation
Political Geography:
United States, China, and Asia

5. Economic Integration between South Asia and East Asia: A Perception Survey of Asian Opinion Leaders

Author:
Pradumna B. Rana and Wai-Mun Chia
Publication Date:
04-2014
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies (NTS)
Abstract:
Economic integration, which was deepening among the East Asian countries, is now broadening to cover the South Asian region as well. While we are starting to witness the emergence of Pan-Asian integration, a few distinct and yet related questions arise. What are the benefits and costs of South Asia and East Asia (SA-EA) integration? What are the respective roles of market-led vs. regional cooperation policies? Could the integration of the two be an example of “open” regionalism? What are the policies that South Asian countries should adopt under their “Look East” polices to link themselves to production networks in East Asia? What is the role of infrastructure and connectivity? What are the factors that have led to the revival of land connectivity or old South-western Silk Road in Asia? Should efforts to promote ASEAN-India connectivity be supported? Should the membership of East Asian institutions be expanded to cover South Asian countries at an appropriate level? In particular, should India be invited to join the various ASEAN+3 initiatives? Should South Asian countries (other than India) be invited to join the negotiations for the Regional Comprehensive Economic Partnership (RCEP)? Can the integration of the two regions re- invigorate economic integration in South Asia? This paper assesses the views of South Asian and East Asian opinion leaders through a perception survey conducted in 2013. 390 respondents from academia, business, and various government offices participated in the survey. In general, the opinion leaders in both regions generally feel positive about the integration of the two regions and they feel that it could revive economic integration in South Asia. They also feel that South Asian countries should be given a role in various East Asian initiatives.
Topic:
Diplomacy, Regional Cooperation, Regionalism, and Economic Cooperation
Political Geography:
South Asia, East Asia, and Asia