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661. China's March on the 21st Century

Author:
Kurt M. Campbell and Willow Darsie
Publication Date:
05-2007
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
After a protracted period of uncertainty concerning the nature of the foreign policy challenges that are likely to confront the nation over the course of first half of the 21st century, twin challenges are now coming into sharper relief. For the next generation or more, Americans will be confronted by two overriding (and possibly overwhelming) challenges in the conduct of American foreign policy: how to more effectively wage a long, twilight struggle against violent Islamic fundamentalists, and at the same time cope with the almost certain rise to great power status of China.
Topic:
International Relations, Foreign Policy, Development, Economics, and International Political Economy
Political Geography:
United States, China, America, and Asia

662. Minds on Fire: Enhancing India's Knowledge Workforce

Author:
Richard P. Adler
Publication Date:
02-2007
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
India's economy continues to grow at a remarkable pace. The country's gross domestic product (GDP) has been expanding an average of nearly 8 percent per year since 2002. In the fiscal year ending March 2007, India's economy grew at 9.4 percent. This performance means that the Indian economy met its own national five-year growth goal for the first time since the first five-year plan was issued by the government in 1950. At its current rate of growth, India will become a trillion-dollar economy by 2007–2008 and will overtake South Korea to become Asia's third-largest economy, after China and Japan.
Topic:
Development, Economics, Education, and Science and Technology
Political Geography:
Japan, India, Asia, and South Korea

663. Russian-Algerian cooperation and the 'gas OPEC': What's in the pipeline?

Author:
Hakim Darbouche
Publication Date:
03-2007
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
President Abdelaziz Bouteflika's statement to Spain's El País1 that the idea of a 'gas-OPEC' should not a priori be excluded, adds to a series of twists, among which was Vladimir Putin's confirmation on 1 February that the idea of a gas cartel was an 'interesting one' worth considering further. Hitherto, this gas saga featured Russia, Algeria, the EU, NATO and Iran. The story revolves around Russian-Algerian mingling on gas matters, spurring European and Transatlantic concerns over the prospects of a 'gas OPEC'. At a time of increasing European dependence on foreign energy supplies, these developments have been interpreted as being part of a wider effort, led by Russia, to use energy as a lever to undermine European diplomacy. These allegations have been dismissed by Algeria and Russia, whose leaders insist that their cooperation is intended to optimise their benefits and those of their customers alike. This paper examines the underpinnings of these developments by assessing the likelihood of their culmination in a gas cartel and offers an insight into the potential policy choices behind them.
Topic:
Economics and Energy Policy
Political Geography:
Russia, Europe, Eastern Europe, Asia, and Algeria

664. Australia and APEC in 2007

Publication Date:
06-2007
Content Type:
Working Paper
Institution:
Asia Society
Abstract:
I want to congratulate the Asia Society AustralAsia Centre on a decade of helping to build understanding in Australia of Asian countries-their politics, business and culture.I particularly want to recognise the contribution Hugh Morgan has made as the Society's Chairman, knowing that he will be stepping back from this role at the end of this month.
Topic:
Development and Economics
Political Geography:
Asia, Australia, Australia/Pacific, and AustralAsia

665. Thailand : Moving Toward A More Sustainable and Democratic Future

Publication Date:
09-2007
Content Type:
Working Paper
Institution:
Asia Society
Abstract:
It is my pleasure to be here this afternoon. I think what we normally say is that there's no free lunch. Today I think it is my great honor to address the distinguished members and guests of the Asia Society today. As you are all friends of Thailand, or at least friends of Asia, I must say I feel quite at home. At the very least, I know that here, if I say I am Thai, no one will ask what I think about reunification with the mainland!
Topic:
Democratization, Development, and Economics
Political Geography:
Asia and Thailand

666. Bernard Schwartz Fellow Sadanand Dhume on Political Islam and Indonesia

Author:
Nermeen Shaikh
Publication Date:
05-2007
Content Type:
Working Paper
Institution:
Asia Society
Abstract:
Sadanand Dhume, a Bernard Schwartz Fellow at Asia Society, is a journalist and writer with a long-standing interest in Asia. He has recently completed a book on the rise of radical Islam in Indonesia. As a former Indonesia correspondent of the Far Eastern Economic Review and The Asian Wall Street Journal in Jakarta, Sadanand covered Indonesia's economic, political, security and social scene. Before that he was the New Delhi bureau chief of FEER.
Topic:
Economics, Politics, and Religion
Political Geography:
Indonesia, Asia, New Delhi, and Southeast Asia

667. Famine in North Korea: AsiaSource Interview with Marcus Noland

Author:
Nermeen Shaikh
Publication Date:
04-2007
Content Type:
Working Paper
Institution:
Asia Society
Abstract:
Marcus Noland is a senior fellow at the Peterson Institute for International Economics. His work encompasses a wide range of topics including the political economy of US trade policy and the Asian financial crisis. Mr Noland is unique among American economists in having devoted serious scholarly effort to the problems of North Korea and the prospects for Korean unification. He won the 2000–01 Ohira Masayoshi Award for his book Avoiding the Apocalypse: The Future of the Two Koreas.
Topic:
Development, Economics, and Markets
Political Geography:
United States, America, Asia, North Korea, and Korea

668. Interview with Ed Luce: Inspite of the Gods: The Rise of Modern India

Author:
Nermeen Shaikh
Publication Date:
01-2007
Content Type:
Working Paper
Institution:
Asia Society
Abstract:
Edward Luce is the Washington bureau chief for the Financial Times. He was the paper's South Asia bureau chief, based in New Delhi, between 2001 and 2006. From 1999–2000, Luce worked in the Clinton administration as the speechwriter to Treasury Secretary Larry Summers. Educated at Oxford and married into an Indian family, Luce now lives in Washington, D.C.
Topic:
Development, Economics, and Politics
Political Geography:
South Asia, Washington, India, Asia, and New Delhi

669. Regional Monetary Arrangements in ASEAN+3 as Insurance through Reserve Accumulation and Swaps

Author:
O.G. Dayaratna-Banda and John Whalley
Publication Date:
04-2007
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation (CIGI)
Abstract:
East Asia is witnessing the emergence of an informal monetary system which focuses on self-insurance through own reserve accumulation and co-insurance through swaps. The former is concentrated in a small number of large countries (China, Japan, and Korea), while the latter involves informal monetary cooperation among monetary authorities in a large number of countries. The origins of this system lie in the Asian financial crises, and reflect concerns both to avoid repetition of similar events and any spread of further crises through contagion effects. This paper first characterizes and documents this emerging system describing how it works and what its objectives are, and then discusses its performance, its incompleteness, and assesses the system's ability to move towards deeper integration without adopting a single monetary authority as well as the impediments it faces. What is clear is that this type of system among individual countries is incomplete and falls well short of complete monetary integration, but at present it performs well even if it experiences a number of deficiencies. Most countries seem better off with partial reserve pooling, while incremental gains from higher degrees of pooling in the region tend to be small.
Topic:
Development, Economics, and Regional Cooperation
Political Geography:
Japan, China, Asia, and Korea

670. After the MFA, the CCAs (China Containment Agreements)

Author:
O.G. Dayaratna-Banda and John Whalley
Publication Date:
05-2007
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation (CIGI)
Abstract:
The post-Multi Fiber Agreement (MFA) trade regime in textile and apparel appears to be emerging in ways which are quite different from what had been widely anticipated before the termination of Agreement on Textiles and Clothing (ATC). Since the end of ATC, there has been growing and spreading set of trade restrictions targeted primarily at China, the largest shipper of textile and apparel, through a series of agreements that we term China Containment Agreements. We discuss the evolution of these agreements, their behavioural responses, and then draw their parallels to those under the older MFA. We argue that there is potential for these restrictions to prolong and grow, as well as spread to other products through the product-specific safeguards mechanism included in the conditions of China's World Trade Organization accession.
Topic:
International Relations, Economics, and Treaties and Agreements
Political Geography:
China and Asia