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31. Egypt Takes Another Step Toward China

Author:
Haisam Hassanein
Publication Date:
04-2019
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Port projects and other outreach may help President Sisi check off some of his policy goals, but giving China such a foothold could threaten a number of U.S. interests in the region. On August 5, Egypt signed a memorandum of understanding with the Chinese company Hutchison Ports to establish a Mediterranean container terminal in Abu Qir. President Abdul Fattah al-Sisi himself attended the signing ceremony, where he praised the company’s global reputation in the field and emphasized the importance of executing the project in accordance with the highest international standards. The project is in line with Sisi’s track record of seeking Chinese help to fulfill his ambitious domestic and foreign agenda. Hutchison is one of the world’s leading port networks, operating terminals in twenty-seven countries; in Egypt, it operates the country’s two main commercial ports, Alexandria and El Dekheila. The company’s representatives commended the opportunity for direct investment in Abu Qir and announced that they will be training more than 1,500 Egyptian engineers and other workers for jobs at the terminal. According to them, the facility will be able to handle up to 1 million containers annually once completed.
Topic:
Foreign Policy, Bilateral Relations, Economic growth, and Trade
Political Geography:
China, Middle East, Asia, North Africa, Egypt, and United States of America

32. The North Korean Détente: Peace Prospects on the Korean Peninsula

Author:
Jonathan Lim
Publication Date:
04-2019
Content Type:
Journal Article
Journal:
International Journal of Korean Studies
Institution:
International Council on Korean Studies
Abstract:
This paper conceptualizes the emerging détente within inter-Korean relations as evidence of tangible transformations within North Korea’s domestic and foreign policy, establishing how this phenomenon represents a unique and conclusive opportunity for peace and engagement. It contextualizes the inter-Korean and Singapore summits as foundations for the détente, before expanding upon the nature of the détente through the contrasting objectives of North and South Korea, and the transitional nature of domestic affairs in North Korea. The article establishes the bona fide nature of North Korea’s détente, as revealed by a direct connection between North Korea’s international diplomatic gestures vis-av-vis transitional domestic circumstances; involving incremental economic modernization and political liberalization under a shift in focus within Kim Jong-un’s Byungjin Line policy. This analysis departs from and orthodox Western interpretation of inter-Korean relations, providing a holistic analysis of inter-Korean affairs and North Korean domestic politics.
Topic:
Foreign Policy, Diplomacy, Bilateral Relations, Conflict, and Peace
Political Geography:
Asia, South Korea, North Korea, and Singapore

33. EU Trade Policy amid the China-US Clash: Caught in the Cross-Fire?

Author:
Ana González and Nicolas Véron
Publication Date:
08-2019
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
China's rapid rise and unique economic system and the increasingly aggressive and disruptive US trade policy are posing an unprecedented threat to the global rules-based trading and economic system. The European Union has critical interests at stake in the current escalation, even as it has so far been comparatively spared from US trade policy belligerence and China's reactions. In this context, the European Union should adopt an independent and proactive stance, building on recent efforts and going beyond them. The European Union, even more than the United States or China, has a strategic interest in the preservation of the global rules-based order embodied by the World Trade Organization (WTO). It must play a leading role in steering WTO reform and modernization, working closely with broadly aligned third countries such as Japan and other players. It should expand its outreach beyond its immediate negotiating counterparts in both the United States and China, and leading European officials at both the EU and member state levels should work at better understanding China. While strengthening its domestic policy instruments to address new challenges, such as the screening of foreign direct investment for security purposes, the European Union must also resist its own temptations of protectionism and economic nationalism. In support of these objectives, the European Union should prepare itself for difficult decisions, which may involve revising some of its current red lines in international trade negotiations. Conversely, the European Union should stand firm on principles such as refusing one-sided agreements and rejecting abusive recourse to national security arguments in trade policies. The European Parliament, in working with the European Council and the European Commission, will have a critical role to play in steering the European Union through these challenging times.
Topic:
Bilateral Relations, Economy, Trade Wars, and Trade Policy
Political Geography:
China, Asia, North America, United States of America, and European Union

34. China, Like the US, Faces Challenges in Achieving Inclusive Growth Through Manufacturing

Author:
Robert Z. Lawrence
Publication Date:
08-2019
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
For more than three decades the goal of becoming “the factory of the world” has been at the core of China’s development strategy. This strategy, in combination with high rates of domestic investment and low rates of consumption, made Chinese production the most manufacturing intensive in the world. But as its wages have risen, China’s competitiveness in the most labor-intensive manufacturing industries has eroded. Its ability to assemble products remains a major source of its exports, but it has also tried to shift toward more sophisticated value-added production domestically. Chinese domestic spending has shifted away from investment toward more consumption as citizens’ incomes have grown. Like Americans, Chinese people are also spending more on services than on manufactured goods. All these changes are fundamentally altering the structure of China’s production, reducing the role of manufacturing, and increasing the skill levels of workers in manufacturing. This Policy Brief reviews the challenges posed by these developments for China’s long-term goal of achieving more inclusive growth. It presents evidence that commonly held perceptions that Chinese manufacturing employment growth is robust are wrong. In fact, such growth has peaked and China is now following the pattern of structural change that is typical of a more mature emerging economy, in which the share of employment in manufacturing declines as workers are increasingly employed in services.
Topic:
Bilateral Relations, Economic growth, and Manufacturing
Political Geography:
China, Asia, North America, and United States of America

35. The 2018 US-China Trade Conflict after 40 Years of Special Protection

Author:
Chad P. Bown
Publication Date:
04-2019
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
In 2018, the United States suddenly increased tariffs on nearly 50 percent of its imports from China. China immediately retaliated with tariffs on more than 70 percent of imports from the United States. This paper assesses what happened in 2018 and attempts to explain why. It first constructs a new measure of special tariff protection to put the sheer scope and coverage of the 2018 actions into historical context. It then uses the lens provided by the 2018 special tariffs to explain the key sources of economic and policy friction between the two countries. This includes whether China’s state-owned enterprises and industrial subsidies, as well as China’s development strategy and system of forcibly acquiring foreign technology, were imposing increasingly large costs on trading partners. Finally, it also examines whether the US strategy to provoke a crisis—which may result in a severely weakened World Trade Organization—was deliberate and out of frustration with the institution itself.
Topic:
Economics, International Trade and Finance, World Trade Organization, Bilateral Relations, Trade Wars, Donald Trump, and Imports
Political Geography:
China, Asia, North America, and United States of America

36. Economic Relations between Russia and South Korea in the New Northern Policy

Author:
Liudmila Zakharova
Publication Date:
12-2019
Content Type:
Working Paper
Institution:
Korea Economic Institute of America (KEI)
Abstract:
The New Northern Policy, proclaimed by the South Korean President Moon Jae-in in Vladivostok in September 2017, is designed to boost economic cooperation between Russia and South Korea. However, two years after a special presidential committee was created to plan and coordinate joint economic efforts, few results have been achieved. Bilateral trade has continued to increase with limited change to its structure: Russia mostly sends its mineral resources to South Korea and receives industrial products in return. New ROK investment in the Russian Far East has yet to occur, despite South Korea’s efforts to assist its businesses in finding profitable Russian projects. Seoul tried to convince Moscow that concluding a free trade agreement in the near future is necessary for intensified cooperation, but Russia prefers a more gradual approach to trade liberalization. InterKorean rapprochement in 2018 laid a foundation for further progress in the implementation of multilateral economic projects involving Russia if the international sanctions against North Korea were to be eased. Therefore, bilateral relations between Russia and the ROK can also be viewed from the perspective of promoting regional cooperation with North Korean participation.
Topic:
International Relations, Economics, and Bilateral Relations
Political Geography:
Russia, Asia, South Korea, North Korea, and Korea

37. Finding an Advocate: The Role of the Private Sector in Korea-Japan Relations

Author:
Jiwon Nam and Kristin Vekasi
Publication Date:
06-2019
Content Type:
Working Paper
Institution:
Korea Economic Institute of America (KEI)
Abstract:
Tensions between South Korea and Japan are frustratingly persistent. Despite the shared interests of both countries, such as economic development in Southeast Asia, and keeping a robust alliance with the United States, South Korea and Japan maintain a bellicose relationship because of unresolved historical misunderstandings and territorial disputes. Inconsistent diplomatic policies and lack of strong leaders have made it difficult to prevent unnecessary hostility between South Korea and Japan. Fear of losing support has prevented politicians from pursuing friendly policies towards each other. Businesspeople, too, have been reluctant to pursue friendly policies towards each other, because of preconceived risks of being targeted for backlash. An examination of economic data shows these risks are minimal, and political tensions do not affect business or consumer behavior. Current efforts from both Korean and Japanese business organizations to improve cooperation include student exchange programs, recruitment processes, and public diplomacy. We urge the business community to advocate more to improve bilateral relations. Economic relations alone are insufficient to handle the task of improving a difficult relationship; there is also a need for leadership. In South Korea-Japan relations, the business community should step in and provide that role.
Topic:
Economics, Bilateral Relations, Business, and Private Sector
Political Geography:
Japan, Asia, South Korea, North America, Korea, and United States of America

38. From Failed Economic Interfaces to Political Levers: Assessing China-South Korea Competition and Cooperation Scenarios on North Korean Special Economic Zones

Author:
Théo Clément
Publication Date:
06-2019
Content Type:
Working Paper
Institution:
Korea Economic Institute of America (KEI)
Abstract:
While North Korea has developed Special Economic Zones for several decades now, these zones have attracted little attention from foreign investors, due to a mix of lack of economic reforms in the DPRK, the tense geopolitical situation, and China’s peculiar economic engagement towards North Korea. With the denuclearization process and North-South dialogue moving forward, this situation could change as South Korea’s announced policy of economic engagement with the North could provide Pyongyang the opportunity to play Beijing against Seoul to maximize its interests and attract foreign investment in Special Economic Zones from partners keen to maintain close ties with the DPRK.
Topic:
Economics, Bilateral Relations, Investment, Trade, and Denuclearization
Political Geography:
Asia, South Korea, North Korea, and Korea

39. Is Pyongyang Different in Washington and Seoul? English and Korean Language Policy Discourse on North Korea

Author:
Jeffrey Robertson
Publication Date:
04-2019
Content Type:
Working Paper
Institution:
Korea Economic Institute of America (KEI)
Abstract:
During 2017-18, international attention turned to the Korean Peninsula as the threat of conflict reached new heights. This led to an explosion in the growth of “North Korea watchers”— the community of scholars, analysts, government officers, NGO advocates, and journalists who commit a portion of their lives to following events in North Korea. Divides emerged in overlapping regional, professional, institutional (political), and linguistic differences that saw individuals take conflicting positions on key issues. This paper investigates just one of these divides—how language and culture impact policy discourse on North Korea. The study explores language as a source of division in the North Korea watching community. It uses Einar Wigen’s argument that international relations should be conceptualized as inter-lingual relations, which suggests that despite the narrowing of political vocabularies, residues of politico-cultural differences remain in how concepts are contextualized into discourse, even between close partners. The study assesses compatibility between English and Korean language conceptualizations of North Korea, through an assessment of core inputs into policy discourse. The study then discusses the implications for U.S.-South Korea relations, and ongoing efforts to strengthen Korean Peninsula security.
Topic:
International Relations, Security, Foreign Policy, Bilateral Relations, and Conflict
Political Geography:
Asia, North Korea, Korea, and United States of America

40. Renewable Energy in Trade Wars: Solar Power in South Korea’s Energy Mix and the Impact of Protectionism

Author:
June Park
Publication Date:
01-2019
Content Type:
Working Paper
Institution:
Korea Economic Institute of America (KEI)
Abstract:
This paper examines the impacts of global competition in solar panel production and the conflict of domestic interests among solar-related industries in the U.S. on South Korea’s solar-focused renewable energy policy. Examining the Moon Jaein administration’s energy policy amid the impact of the U.S. safeguard on South Korean solar panels, the paper argues a) the U.S. safeguard is a hindrance to South Korea’s path forward on solar panel production, and b) Moon’s sole focus on sustainability and his ambitious solar energy target will result in further adoption of lower-cost Chinese solar panels, foregoing the opportunity to upgrade South Korean panels. As South Korean firms announce their decisions to relocate to the U.S. to avoid U.S. safeguard tariffs, the paper recommends the destinations of South Korean solar panel exports be diversified and the goals of South Korean energy policy be centered on balancing cost, stability, and sustainability. The paper does not necessarily recommend a full-fledged drive on expanding solar energy use in South Korea; rather, it calls for the strategic reevaluation of energy policy upon which a clear and sound strategy for solar energy should be formulated.
Topic:
Energy Policy, Bilateral Relations, Trade Wars, Renewable Energy, and Solar Power
Political Geography:
Asia, South Korea, North Korea, Korea, and United States of America