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1. US-China Economic Relations Under Pressure From COVID-19

Author:
Christopher A. McNally
Publication Date:
06-2020
Content Type:
Commentary and Analysis
Institution:
East-West Center
Abstract:
With both the US and China facing a long economic slowdown, the bilateral relationship between the globe's two largest economies faces massive challenges. Making matters worse, Washington and Beijing have attempted to divert domestic attention away from their own substantial shortcomings by blaming each other. Given the economic uncertainty, each side has limited leverage to force the other into making concessions. Harsh rhetoric only serves to inflame tensions at the worst possible time. For better or worse, the US and China are locked in a messy economic marriage. A divorce at this time would exact an enormous cost in an already weakened economy.
Topic:
Foreign Policy, Bilateral Relations, Economy, and COVID-19
Political Geography:
China, Asia, North America, and United States of America

2. An Aging Population in Asia Creates Economic Challenges

Author:
Andew Mason, Sang-Hyop Lee, and Donghyun Park
Publication Date:
05-2020
Content Type:
Commentary and Analysis
Institution:
East-West Center
Abstract:
Elderly populations in Asia are expanding more quickly than other age groups. This shift in population age structure had two major impacts: demand for income support for the elderly will rise because their labor income tends to be extremely low; and gross domestic product (GDP) and other aggregate economic indicators will grow more slowly as growth in the effective labor force declines. In countries where government programs play an important role in old-age support, tax rates will have to rise or benefits will have to be curtailed or both—all options with significant political costs.
Topic:
Demographics, Labor Issues, Population, GDP, and Economy
Political Geography:
Asia and Asia-Pacific

3. Women, Leadership, and Asian Economic Performance

Author:
Soyoung Han and Marcus Noland
Publication Date:
01-2020
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
In an era of slowing economic growth, Asian countries face an imperative to boost productivity. One possible source of economic revitalization would be to make better use of women in the labor force. Although female representation in corporate leadership has been rising gradually over time, as of 2017, women comprised only 16 percent of executive officers and 11 percent of board members in publicly listed firms in Asia. Research shows that Asian firms with female executive officers and board members perform better in terms of net profit margin and return on assets than firms that lack females in leadership positions. Public policy can improve this gender gap. For one thing, countries that produce large numbers of female college graduates in fields such as law, business, or economics tend to generate more female corporate executives.
Topic:
Women, Leadership, Economy, Business, and Economic growth
Political Geography:
Asia-Pacific

4. Has U.S. Government Angst over the China Danger Diminished?

Author:
Robert Sutter
Publication Date:
01-2020
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
The so-called “truce” in the trade war with the signing of the phase one U.S.-China trade agreement on January 15 comes amid indicators that the intense U.S. government consensus pushback against a wide range of perceived challenges posed by China may be subsiding.
Topic:
Government, Bilateral Relations, Economy, and Trade Wars
Political Geography:
China, Asia, North America, and United States of America

5. New Zealand Picks up on the Indo-Pacific

Author:
David Scott
Publication Date:
03-2020
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
Traditionally, New Zealand’s strategic focus has been on Australia and the South Pacific. As recently as 18 October, 2018, Ben King, New Zealand’s Deputy Secretary for Americas and Asia said that “the term Indo‑Pacific may not resonate in New Zealand yet.” And this despite a July 2018 Strategic Defence Policy Statement that already pinpointed New Zealand’s “Indo-Pacific partners reinforcing the rules based order” as being Australia, India, Japan and the United States. It is worth noting that the Strategic Defence Policy Statement gave lengthy details on the threat posed by China; in its Maritime Silk Road push into the Indian Ocean, its militarization of the South China Sea, and its push into the Pacific islands. Events from August 2019 to February 2020 reinforce that New Zealand is seeking out “Indo-Pacific” cooperation with these four particular “partners” (Japan, United States, India, Australia) over shared concerns about China.
Topic:
Foreign Policy, Regional Cooperation, and Economy
Political Geography:
Japan, India, Australia, New Zealand, United States of America, and Indo-Pacific

6. The Strategic Imperatives of Modi's Indo-Pacific Ocean Initiative

Author:
Jagannath P. Panda
Publication Date:
04-2020
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
The concepts of ‘strategic autonomy’ and ‘inclusiveness’ have been core to India’s Indo-Pacific policies. Without taking a defined position on the contested power politics in the Indo-Pacific, India has largely maintained cordial relations with most countries and stakeholders in the region. As a corollary to this, the rubric of Security and Growth for All in the Region (SAGAR) advances India’s maritime diplomacy in the Indo-Pacific, reflecting India’s desire to manage maritime security and governance in the Indian Ocean Region (IOR). Prime Minister Narendra Modi’s proposition to establish the Indo-Pacific Ocean Initiative (IPOI) at the 14th East Asia Summit (EAS) on November 4, 2019, primarily draws on this assertion.
Topic:
Security, Foreign Policy, Economy, and Narendra Modi
Political Geography:
India and Indo-Pacific

7. Mongolia's Response to Increasing U.S.-China-Russia Rivalry in Asia

Author:
Alicia Campi
Publication Date:
08-2020
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
Dr Alicia Campi, President of the Mongolia Society, explains that “The [“Third Neighbor”] policy was reinterpreted in content and meaning to include cultural and economic partners as diverse as India, Brazil, Kuwait, Turkey, Vietnam, and Iran. With increased superpower rivalry in its region, Mongolia has expanded this basic policy.”
Topic:
Foreign Policy, Partnerships, and Economy
Political Geography:
Russia, China, Turkey, India, Mongolia, Asia, Kuwait, Brazil, North America, and United States of America

8. From 'Rebalance to Asia' to 'Free and Open Indo-Pacific': The Development of the U.S.-Vietnam Comprehensive Partnership

Author:
Bich T. Tran
Publication Date:
11-2019
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
Under the Obama administration’s Rebalance to Asia, Vietnam gradually gained importance in U.S. foreign policy as the two countries formed a “comprehensive partnership” in 2013. Despite the Trump administration’s America First policy, the United States prioritizes its partnerships with Vietnam and other Southeast Asian countries in its Free and Open Indo-Pacific Strategy. While a common concern about China’s behavior in the South China Sea has facilitated the growth of U.S.-Vietnam relations, the foundation of the relationship is cooperation on Vietnam War legacy issues. The two countries have made remarkable progress in advancing diplomatic, economic, and defense ties regardless of remaining challenges. The year 2020 would be ideal for the United States and Vietnam to upgrade the relationship to a “strategic partnership”: it marks the 25th anniversary of the normalization of bilateral relations, Hanoi’s ASEAN chairmanship, and the start of Vietnam’s term as a non-permanent member of the United Nations Security Council.
Topic:
Foreign Policy, Diplomacy, Bilateral Relations, Partnerships, Economy, Donald Trump, and Barack Obama
Political Geography:
Asia, Vietnam, and United States of America

9. Chinese, Japanese, and Korean Inroads into Central Asia: Comparative Analysis of the Economic Cooperation Roadmaps for Uzbekistan

Author:
Timur Dadabaev
Publication Date:
12-2019
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
China, Japan, and South Korea have regarded Central Asia as a new Asian frontier in their foreign policies since the collapse of the Soviet Union. With time, their policies evolved into regionbuilding initiatives exemplified by the Shanghai Cooperation Organization, Belt and Road Initiative, Central Asia plus Japan Dialogue Forum, and Korea-Central Asia Cooperation Forum. This paper raises the following research questions: What are the areas of interest for China, Japan, and Korea in their relations with Central Asian states and Uzbekistan in particular? What are the patterns of agenda setting in establishing intergovernmental cooperation? What are the particular projects that these states initiate? What are the objectives of projects initiated within these areas of interest? How competitive or complementary are these projects of China, Japan, and Korea? Throughout, Chinese, Japanese, and Korean “Silk Road” roadmaps with Uzbekistan are discussed to highlight their similarities and differences.
Topic:
Foreign Policy, Economy, and Economic Cooperation
Political Geography:
Japan, China, Central Asia, Asia, South Korea, and Uzbekistan

10. The Impact of the Trump Administration's Indo-Pacific Strategy on Regional Economic Governance

Author:
Kaewkamol Karen Pitakdumrongkit
Publication Date:
12-2019
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
The Trump administration's Indo-Pacific regional economic governance strategy addresses trade, investment, and infrastructure development. Its reception by regional states varies by issue area, with infrastructure and investment being positively received, and trade being negatively received. To alleviate policy clashes and lessen the “noodle bowl” effect of overlapping rules and regulations, this paper suggests that American and Asian governments should: (1) immediately pursue collaboration in the areas of investment and infrastructure; (2) advance investment cooperation via capacity training and investment treaty consolidation; (3) enhance infrastructure collaboration via the Better Utilization of Investments Leading to Development Act of 2018 (or BUILD Act of 2018), joint ventures, public-private partnerships, and capacity training; (4) push forward trade cooperation via formal and Track 2 (informal networks) dialogue to facilitate a policymaking process; and (5) encourage more inter-bloc dialogue.
Topic:
Infrastructure, Governance, Partnerships, Economy, Investment, and Donald Trump
Political Geography:
United States of America and Indo-Pacific