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3522. The Yen, the Yuan, and the Asian Currency Crisis Changing Fortune between Japan and China
- Author:
- C.H. Kwan
- Publication Date:
- 12-1998
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- The currency crisis that started in Thailand in the summer of 1997 was followed by repercussions on the currencies of neighboring countries, culminating in a crisis infecting most countries in East Asia. Japan and China, which have developed strong ties with the rest of Asia through trade and investment, have not been exempted from this contagion. This paper looks at the latest currency crisis in Asia from the perspectives of these two regional giants.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- Japan, China, Israel, East Asia, Asia, and Thailand
3523. Japan's China Perceptions and its Policies in the Alliance with the United States
- Author:
- Hideo Sato
- Publication Date:
- 09-1998
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- The People's Republic of China is now a major economic and military actor in the international relations of the Asia Pacific region, and thus we cannot afford to ignore China in reviewing the U.S.-Japan alliance. The Chinese economy has been growing rapidly over the past decade and a half, at an annual rate of about 10 percent, and it is expected to sustain a similar pattern of growth for the foreseeable future. Beijing's defense spending has also been increasing every year at a double-digit level for some time. Consequently, China's domestic and foreign policies will from now on significantly influence the course of international relations in this region, and perhaps elsewhere as well.
- Topic:
- Security
- Political Geography:
- United States, China, Beijing, and Asia
3524. Chinese Military Modernization and Asian Security
- Author:
- Michael Swaine
- Publication Date:
- 08-1998
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- I'll speak on the question of Chinese military defense modernization and its implications for the Asian security environment. I'll try to keep my remarks at a level where we can talk about broader issues and concepts, and the implications of all this for regional evolution in the security environment, U.S. security interests, U.S.-Japan relations, etc. I want to cover four different areas in my remarks.
- Topic:
- Security
- Political Geography:
- United States, Japan, and Asia
3525. The Origins and Evolution of the Korean-American Alliance: A Japanese Perspective
- Author:
- Koji Murata
- Publication Date:
- 08-1998
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- This paper examines the importance of the Korean-American alliance for Japan from a historical perspective. The U.S.-Japan alliance is important for the security of South Korea because it provides logistic support for the U.S. activities on the Korean peninsula. This is obvious if we look into the reasons why the Guidelines for U.S.-Japan Defense Cooperation were revised in September 1997. At the same time, the U.S.-ROK alliance is also important for the security of Japan because it functions as a buffer or shield for Japan. Bounded on the north by China and Russia, and only thirty miles from the closest Japanese island, the Korean peninsula is the fulcrum where the major powers' interests in Asia converge. Tokyo is about one hour from Seoul by jet aircraft.
- Topic:
- Security
- Political Geography:
- United States, Japan, Asia, Tokyo, Korea, and Island
3526. East Asian Urbanization: Patterns, Problems, and Prospects
- Author:
- Mike Douglass
- Publication Date:
- 07-1998
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Two interwoven processes—urbanization and globalization—circumscribe contemporary social, political, and economic transformations taking place in East Asia. While governments, businesses, and communities are caught up in one of the most intensive and condensed processes of urbanization in world history, the forces propelling much of the expansion of cities and urban networks now operate on an international plane. Urban- oriented investments in production for world markets, global intra-firm commodity trade within transnational corporate networks, and the hyper-circulation of finance capital are fundamental features of what has been summarized as the “local-global” context of development. Urbanization and globalization have become interdependent and mutually reinforcing: the shaping of urban form and the dominant activities within a given city reflect its mode of linkage with globalized circuits of capital; at the same time, these circuits require a structuring of the built environment to create the physical geography of international urban networks needed for real-time decisionmaking on a global scale.
- Topic:
- Security
- Political Geography:
- United States and Asia
3527. China's Post-Deng Military Leadership: New Faces, New Trends
- Author:
- David Shambaugh
- Publication Date:
- 06-1998
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- It is a pleasure to be here at Stanford to discuss China's new military leadership, and to share some preliminary findings from my research on the People's Liberation Army (PLA). One key feature of the new leadership in China today, following the passing of patriarch Deng Xiaoping, are the new faces to be found in the military. The PLA High Command today (see Appendix) is almost entirely new. There has been almost total turnover of the top twenty to thirty military officers in China during the last three years. This includes all the commanders, deputy commanders, and political commissars in all seven military region commands; the General Staff, Logistics, and Political Departments; the two major educational institutions of the PLA, the National Defense University and the Academy of Military Sciences; the Commission on Science, Technology and Industry for National Defense and its successor body the general Armaments Department, and other bodies. The Central Military Commission itself has seen more than half of its membership turn over in the last few years. Only the top echelon of the Second Artillery, China's ballistic missile forces, has gone relatively untouched. I anticipate much more personnel turnover and organizational reform in the next few years as the PLA proceeds with its policy of downsizing, upgrading, and streamlining its force structure.
- Topic:
- Security and Defense Policy
- Political Geography:
- China and Asia
3528. The Korean Currency Crisis: What Can We Learn From It?
- Author:
- Sang-Mok Suh
- Publication Date:
- 05-1998
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Just like many other crises, the Korean currency crisis came suddenly. In mid–November 1997, headlines in the Korean press consisted mostly of presidential election stories. At that time the presidential race was very close; the Grand National Party candidate, Lee Hoi–Chang, was making a dramatic comeback, while the National Congress for New Politics candidate, Kim Dae–jung, was making his best effort to maintain his narrow lead. Thus, when President Kim Young Sam announced on November 19 his decision to fire key economic policy–makers on the grounds of mismanaging the economy, most Koreans were surprised at the news and questioned the president's motivation. Two days later they were completely shocked to learn that the Korean government was asking the International Monetary Fund (IMF) for emergency standby loans because the Korean foreign reserve level was very low at $7.3 billion and most foreign financial institutions were unwilling to roll over their short–term loans to Korea.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- Israel, East Asia, and Asia
3529. China's Accession to and Implementation of International Environmental Accords 1978 - 95
- Author:
- Michel Oksenberg and Elizabeth Economy
- Publication Date:
- 02-1998
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- China's performance in numerous environmental areas—emission of greenhouse gases, use of ozone-depleting substances, reduction of sulphur dioxide emissions, or exploitation of fishing grounds in the western Pacific—will help determine the success of various global and regional environmental protection efforts. And as the World Bank's recent study Clear Water, Blue Skies: China's Environment in the New Century documents, the quality of life within China will be greatly affected by efforts to protect air, water, and soil, all of which are under heavy assault.
- Topic:
- Environment and International Cooperation
- Political Geography:
- China and Asia
3530. Integration on the Basis of Strength: China's Impact on East Asian Security
- Author:
- Wu Xinbo
- Publication Date:
- 02-1998
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- China is perhaps the most important variable in East Asian security, not only because of its growing power but also because of the great uncertainty over its future. Therefore, to assess China's impact on regional security, one question should be tackled first: what will China look like in the future? There are three different schools of thought concerning China's future: the “implosion" school holds that China, unable to cope with a wide array of social, economic, and political challenges created by its rapid economic growth, will follow in the footsteps of the former Soviet Union and “implode" the “expansion" school argues that as China gradually builds up its material strength, Beijing will wield its weight and seek to establish hegemony in the region; and the “integration" school believes that as China's economy further merges with the world economy, Beijing's internal and external behaviors will slowly but inevitably conform to international norms, and China will become a more responsible and more cooperative member of the world community.
- Topic:
- International Relations, Security, and Defense Policy
- Political Geography:
- China, Israel, Beijing, East Asia, Asia, and Soviet Union