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81. Smallholders Unite

Author:
Derek Byerlee, Alain de Janvry, Joan VanWassenhove, and Donna Barry
Publication Date:
03-2009
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
To the Editor:Paul Collier ("The Politics of Hunger," November/December 2008) sets out three priorities for overcoming the world food crisis: replacing peasant and smallholder farming with large-scale commercial farms, promoting genetically modified crops, and reducing subsidies to biofuels in the United States. Collier got two of these right but missed the boat with his anti-smallholder bias when it comes to modernizing agriculture, especially in Africa. A focus on smallholder farming is a proven strategy for accelerating growth, reducing poverty, and overcoming hunger.
Topic:
Poverty
Political Geography:
Africa, United States, China, India, and Asia

82. Global Imbalances and the Financial Crisis

Author:
Steven Dunaway
Publication Date:
03-2009
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The current economic and financial crisis has brought about a significant change in global economic governance as the international forum for discussions on the crisis has shifted from the small group of advanced countries in the Group of Seven (G7) to the Group of Twenty (G20), a broader group including important emerging market countries. The G20 summit held in Washington, DC, on November 15, 2008, dealt with the immediate concerns fostered by the crisis and focused on both macroeconomic policy actions needed to support global growth and ideas for implementing financial market reforms. Follow-up G20 summits are expected, starting with a gathering in the United Kingdom in April 2009. However, for these discussions to have a substantial impact, the agenda will have to be broadened beyond economic stimulus and financial market regulation. If not, global policymakers will miss a critical chance to make the world economy and financial markets more stable, as then U.S. treasury secretary Henry M. Paulson Jr. pointed out: If we only address particular regulatory issues—as critical as they are—without addressing the global imbalances that fueled recent excesses, we will have missed an opportunity to dramatically improve the foundation for global markets and economic vitality going forward. The pressure from global imbalances will simply build up again until it finds another outlet.
Topic:
International Relations, Economics, International Political Economy, and International Trade and Finance
Political Geography:
United States and China

83. China's $1.7 Trillion Bet: China's External Portfolio and Dollar Reserves

Author:
Brad W. Setser and Arpana Pandey
Publication Date:
01-2009
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
China reported $1.95 trillion in foreign exchange reserves at the end of 2008. This is by far the largest stockpile of foreign exchange in the world: China holds roughly two times more reserves than Japan, and four times more than either Russia or Saudi Arabia. Moreover, China's true foreign port- folio exceeds its disclosed foreign exchange reserves. At the end of December, the State Administration of Foreign Exchange (SAFE)—part of the People's Bank of China (PBoC) managed close to $2.1 trillion: $1.95 trillion in formal reserves and between $108 and $158 billion in “other foreign assets.” China's state banks and the China Investment Corporation (CIC), China's sovereign wealth fund, together manage another $250 billion or so. This puts China's total holdings of foreign assets at over $2.3 trillion. That is over 50 percent of China's gross domestic product (GDP), or roughly $2,000 per Chinese inhabitant.
Topic:
International Relations, Debt, Economics, Emerging Markets, and International Trade and Finance
Political Geography:
Russia, United States, China, Israel, Asia, and Saudi Arabia

84. The Unbalanced Triangle

Author:
Stephen Kotkin
Publication Date:
09-2009
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
The Chinese-Russian relationship is more opportunistic than strategic, Bobo Lo argues. The United States is stuck watching from the sidelines and may be pushing Moscow further into Beijing's pocket.
Political Geography:
Russia, United States, China, Beijing, and Moscow

85. The Future of U.S. Military Power

Author:
Thomas Donnelly, Philip Dur, and Andrew F. Krepinevich Jr.
Publication Date:
11-2009
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
No abstract is available.
Political Geography:
United States and China

86. China, Space Weapons, and U.S. Security

Author:
Bruce W. MacDonald
Publication Date:
09-2008
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
On January 11, 2007, China launched a missile into space, releasing a homing vehicle that destroyed an old Chinese weather satellite. The strategic reverberations of that collision have shaken up security thinking in the United States and around the world. This test demonstrated that, if it so chose, China could build a substantial number of these anti- satellite weapons (ASAT) and thus might soon be able to destroy substantial numbers of U.S. satellites in low earth orbit (LEO), upon which the U.S. military heavily depends. On February 21, 2008, the United States launched a modified missile-defense interceptor, destroying a U.S. satellite carrying one thousand pounds of toxic fuel about to make an uncontrolled atmospheric reentry. Thus, within fourteen months, China and the United States both demonstrated the capability to destroy LEO satellites, heralding the arrival of an era where space is a potentially far more contested domain than in the past, with few rules.
Topic:
Foreign Policy, Defense Policy, and Diplomacy
Political Geography:
United States, China, and Asia

87. Chinese Ways

Author:
Naazneen Barma, Ely Ratner, and Steven Weber
Publication Date:
05-2008
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
To the Editor: In "The Rise of China and the Future of the West" (January/February 2008), G. John Ikenberry offers a compelling series of arguments for why China will not attempt to overturn the liberal order. But he is wrong to assume that the absence of confrontation implies gradual integration. It does not. China is pursuing a different strategy: forging a route around the West by constructing an alternative international system in the developing world. The norms of China's parallel political order are alien to those Ikenberry wishes to see preserved.
Political Geography:
China

88. China's Olympic Nightmare

Author:
Elizabeth C. Economy and Adam Segal
Publication Date:
07-2008
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
Failure to plan for predictable problems has turned China's coming-out party into an embarrassment.
Political Geography:
China

89. A Strategic Economic Engagement

Author:
Henry M. Paulson Jr.
Publication Date:
09-2008
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
The prosperity of the United States and China depends on helping China further integrate into the global economic system.
Political Geography:
United States and China

90. Keeping Up With Asia

Author:
Yoichi Funabashi
Publication Date:
09-2008
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
The Bush legacy in Asia is positive and the next admistration can continue this trend by continuing multilateral engagement with Japan and China.
Political Geography:
Japan, China, and Asia