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71. China and the Depreciating U.S. Dollar

Author:
Richard C. K. Burdekin
Publication Date:
01-2006
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
Over the past five years, U.S. exports to China have been dwarfed by imports from that country, with the resulting trade deficit igniting a bout of China bashing reminiscent of the Japan bashing of the 1980s. A major culprit in the trade imbalance, according to many U.S. analysts and policymakers, is China's currency: the renminbi, they say, is too cheap relative to the dollar. Some are calling for high tariffs on Chinese goods or for further exchange-rate adjustment that would revalue the renminbi significantly upward, making Chinese goods less competitive. But with just 10.4 percent of total U.S. trade attributed to China in the first half of 2005, it is unrealistic that any renminbi exchange-rate adjustment could rein in the burgeoning U.S. trade deficit. And if the adjustment were drastic the United States could be the big loser: driving China out of the market for U.S. treasuries would most likely have calamitous consequences, not only for the dollar but for U.S. credit markets and for the U.S. economy in general.
Topic:
Economics and International Trade and Finance
Political Geography:
United States, Asia, and North America

72. Can China Afford to Continue Its One-Child Policy?

Author:
Wang Feng
Publication Date:
03-2005
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
Twenty-five years after it was launched, China's “One Child” population control policy is credited with cutting population growth to an all time low and contributing to two decades of spectacular economic development. But the costs associated with the policy are also apparent and are rising: a growing proportion of elderly with inadequate government or family support, a disproportionately high number of male births attributable to sex selective abortion, increased female infant and child mortality rates, and the collapse of a credible government birth reporting system. Today, as China contemplates the future of the policy, many argue that a change that allows couples to have two children will not lead to uncontrollable population growth. Instead, it could help meet the fertility desires of most Chinese couples; avoid a worsening of the demographic and social consequences already evident; and relieve the Chinese government of the immense financial and political costs of enforcing an unpopular policy. But changes will need to come soon if China is to avert even greater negative consequences of the policy.
Topic:
Civil Society and Human Welfare
Political Geography:
China and Asia

73. Banking Crises in East Asia: The Price Tag of Liberalization?

Author:
Ilan Noy
Publication Date:
11-2005
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
The banking crises that swept through East Asia in 1997– 1998 set off dramatic recessions in the affected countries and imposed heavy costs on the domestic taxpayers. Fear of further crises prompted searches causes and early warning signs. It soon became apparent that liberalization the domestic financial sectors of the countries in crises contributed to genesis of these crises, but policymakers, regulators, and economists disagree about the reason for this. Initial scrutiny fell on unregulated international capital flows, but a comprehensive study suggests that liberalization can to financial instability either because of insufficient regulation of the financial sector or because of erosion of previously granted monopolies of existing banks. These possibilities suggest varying policy implications for the current state domestic financial systems in East Asia, including the challenges inherent opening up ChinaÂ's banking system to foreign competition as mandated in China–World Trade Organization accession agreement.
Topic:
Economics and International Trade and Finance
Political Geography:
Israel and Asia

74. The Tibet-China Conflict: History and Polemics

Author:
Elliot Sperling
Publication Date:
08-2004
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
This paper is a guide to the historical arguments made by the primary parties to the Tibet-China conflict. Given the polarization that has characterized this issue for decades, it is surprising that little has been done to analyze or at least disentangle the strands of historical argumentation that the parties have been using. This paper attempts to do this by relying as much as possible on the key assertions as they have been framed in Chinese and Tibetan sources. Chinese- and Tibetan-language materials dealing with the historical status of Tibet are often more detailed and better documented, and hew more closely than English-language materials do to the thinking of the people most directly concerned with (and affected by) the Tibet-China conflict.
Topic:
Conflict Resolution and Peace Studies
Political Geography:
China, Asia, and Tibet

75. The Politics of Environmental Policy with a Himalayan Example

Author:
Piers Blaikie and Joshua Muldavin
Publication Date:
06-2004
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
How we arrive at knowledge—and how we draw on knowledge to make policy—have been the subject of vigorous debate and analysis. Simple models of expertise and action are gradually yielding to a more complex vision of how truth speaks to power and power talks back. The Himalayan region—where scientists, statesmen, and citizens confront a unique set of environmental challenges and political legacies—provides a powerful case study. For more than a century, it was believed that over-use by local farmers and pastoralists threatened fragile mountain and river environments. Beginning in the colonial era and continuing into the present, governments have strictly curtailed traditional land-use practices. In the 1980s, scholars began to question the science on which those restrictive laws were based. But new science has not, in most cases, led to new policy. This disconnect inspires questions about the nature of both science and policy, their influence on each other, and whether each could benefit from greater openness to the insights of people who fall outside the narrow roles of expert and politician.
Topic:
International Relations and Development
Political Geography:
Asia, Australia/Pacific, and Southeast Asia

76. Tourism in a 'Borderless' World: The Singapore Experience

Author:
T.C. Chang
Publication Date:
05-2004
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
The development of tourist destinations that transcend national borders, first envisioned in the 1950s, gained momentum in the 1990s. Whether facilitated by large regional organizations such as the Association of Southeast Asian Nations (ASEAN) or bilateral agreements, countries—especially smaller ones— have worked to identify and leverage their neighbor's strengths. Singapore, for example, adopted a national tourism plan based on the concept of "borrowed attractiveness." It has compensated for its limited natural resources and high costs by collaborating with Indonesia and Malaysia, which contribute cheaper labor and land in exchange for infrastructure, financing, and expertise. The city-state also aggressively sells its tourism expertise overseas and aspires to be Asia's tourism hub. But Singapore's experience demonstrates that regional tourism, while diversifying tourism development opportunities, can also perpetuate inequities between wealthier and poorer collaborators and present serious challenges to businesses operating in unfamiliar settings.
Topic:
International Relations and Development
Political Geography:
Asia, Australia/Pacific, Singapore, and Southeast Asia

77. Political Parties and Political Engineering in the Asia Pacific Region

Author:
Benjamin Reilly
Publication Date:
12-2003
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
Democracies need both strength and flexibility—enough structure to transform a kaleidoscope of public opinion into coherent debate and effective policy, but enough openness to protect individual rights. Finding this balance is a particular challenge in ethnically diverse emerging democracies. Political parties usually serve a country best when they are limited in number, strong, and broad-based. Their evolution was once left mainly to chance; today, governments often seek to influence the process. Among those attempting reforms are Paupa New Guinea, home to hundreds of languages; Indonesia, with its separatist movements; the Philippines, experimenting with ways to balance party interests with other social concerns; and Thailand, whose once fragmented political scene seems headed toward domination by one party. Their strategies for encouraging stable party systems range from minimum-vote thresholds to efforts to stiffen internal party discipline. Much can be learned from these Asia Pacific efforts at political engineering—including the need for a cautious approach that minimizes unforeseen consequences and costs.
Topic:
Democratization, Ethnic Conflict, and Politics
Political Geography:
Asia and Southeast Asia

78. Asian Oil Market Outlook: Role of the Key Players

Author:
Jeffrey Brown and Kang Wu
Publication Date:
10-2003
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
The Asia Pacific region's dynamic oil market is marked by strong growth in consumption, declining regional oil production, and over capacity in its highly competitive oil-refining sector. Its "key players" are China, India, Indonesia, Japan, and South Korea—a group that includes the region's five top consumers and three of its major producers—and developments in these countries will have commercial and strategic implications for the whole region. On the consumption side, Japan's slow growth in demand has failed to dampen regional growth, which is now driven by China and India's fast growing thirst for oil. On the supply side, Indonesia's inevitable transition to a net oil importer highlights the trend toward growing dependence on Middle East oil, which already comprises 42–90 percent of imports among the key players. In response to this trend, China, Japan, and South Korea are pushing to acquire overseas oil reserves, with Japan and China already locked in a fierce competition for projected Russian supplies—a type of struggle that will likely become more commonplace.
Topic:
Economics and International Trade and Finance
Political Geography:
Japan, China, Indonesia, Middle East, India, Asia, and South Korea

79. The Move to Preferential Trade in the Western Pacific Rim

Author:
John Ravenhill
Publication Date:
06-2003
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
Western Pacific Rim states have been slow to participate in preferential trade agreements (PTAs). In the past four years, however, more than 40 PTAs involving these economies have been proposed or are being implemented. For the first time, Japan and China have either signed or are negotiating bilateral or plurilateral agreements. The new interest in PTAs reflects the perception that they have been successful in other parts of the world, and is reinforced by dissatisfaction with the region's existing trade groupings. Although arguments can be made in favor of PTAs, they amplify political considerations in trade agreements, may adversely affect the political balance in participating countries, impose costs on nonparticipants, and deplete scarce negotiating resources. Nevertheless, the number of western Pacific Rim states participating in PTAs continues to climb. Northeast Asian countries have been following Europe in exploiting loopholes in WTO rules on PTAs to protect their noncompetitive sectors, thereby strengthening their political positions, which will likely make global liberalization more difficult.
Topic:
Economics and International Trade and Finance
Political Geography:
Japan, China, Asia, and Australia/Pacific

80. HIV/AIDS in Asia

Author:
Tim Brown
Publication Date:
05-2003
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
The HIV/AIDS epidemic began relatively late in Asia and, so far, HIV infections have not reached the high levels experienced in other parts of the world. Yet behaviors that increase the risk of transmitting HIV are not uncommon in many Asian societies. But there is some good news for countries facing the possibility of an HIV epidemic. Most early HIV transmission in Asia occurs in very specific groups, through needle sharing, anal sex, or sex work. Experience in Thailand and Cambodia has shown that it is possible to lower HIV transmission rates by aggressive prevention programs targeting these groups. Analysis of these programs points to policy recommendations for other Asian governments: obtain accurate information on HIV prevalence and risk behavior; target leaders for sustained commitment; provide the public with full and accurate information; move quickly to provide effective coverage of groups most at risk; sustain and expand prevention activities; convince lawmakers and local authorities to take a pragmatic approach; ensure the active involvement of key communities; and put an end to complacency.
Topic:
Human Welfare and Science and Technology
Political Geography:
Asia, Cambodia, and Thailand