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1581. EIU: Global outlook summary

Publication Date:
06-2012
Content Type:
Policy Brief
Abstract:
The global economy remains in precarious shape. Europe's debt crisis rages on, and although the euro appears to have survived its most recent test in the form of the Greek election on June 17th, austerity and financial-market uncertainty are depressing economic activity in Europe and, by extension, in much of the rest of the world. The Economist Intelligence Unit continues to expect global GDP growth to slow in 2012, and while our forecasts for the G3 economies—the US, euro zone and China—are essentially unchanged this month, we have cut our projections for Brazil and India.
Topic:
Debt, Economics, International Trade and Finance, Markets, and Financial Crisis
Political Geography:
United States, China, Europe, India, and Brazil

1582. Armed Clash in the South China Sea

Author:
Bonnie S. Glaser
Publication Date:
04-2012
Content Type:
Policy Brief
Institution:
Council on Foreign Relations
Abstract:
The risk of conflict in the South China Sea is significant. China, Taiwan, Vietnam, Malaysia, Brunei, and the Philippines have competing territorial and jurisdictional claims, particularly over rights to exploit the region's possibly extensive reserves of oil and gas. Freedom of navigation in the region is also a contentious issue, especially between the United States and China over the right of U.S. military vessels to operate in China's two-hundred-mile exclusive economic zone (EEZ). These tensions are shaping—and being shaped by—rising apprehensions about the growth of China's military power and its regional intentions. China has embarked on a substantial modernization of its maritime paramilitary forces as well as naval capabilities to enforce its sovereignty and jurisdiction claims by force if necessary. At the same time, it is developing capabilities that would put U.S. forces in the region at risk in a conflict, thus potentially denying access to the U.S. Navy in the western Pacific.
Topic:
Conflict Prevention, Security, Arms Control and Proliferation, Oil, Natural Resources, and Territorial Disputes
Political Geography:
United States, China, Malaysia, Israel, Taiwan, Vietnam, Southeast Asia, and Brunei

1583. A Flop and a Debacle: Inside the IMF's Global Rebalancing Acts

Author:
Paul Blustein
Publication Date:
06-2012
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
Cooperation among major countries to shrink global imbalances in trade and capital flows is highly desirable for the sake of promoting a sustainable recovery from the financial crisis that erupted in 2008. The story that unfolds in this paper does not bode well for such cooperation. It is a detailed account of the initiatives, led by the IMF, to address imbalances prior to the 2008 global financial crisis.
Topic:
Economics, International Trade and Finance, and International Monetary Fund
Political Geography:
China

1584. Perspectives on the G20: The Los Cabos Summit and Beyond

Author:
James A. Haley
Publication Date:
06-2012
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
The G20 leaders meeting in Los Cabos confront a number of challenges. Most prominent among these is the state of the global economy, which remains dangerously unbalanced, and in which the balance of risks is clearly weighted on the downside. These risks emanate from several sources.
Topic:
Economics, International Cooperation, International Organization, International Trade and Finance, Markets, and Financial Crisis
Political Geography:
China

1585. Bahrain and the global balance of power after the Arab Spring

Author:
Lars Erslev Andersen
Publication Date:
06-2012
Content Type:
Working Paper
Institution:
Danish Institute for International Studies
Abstract:
The global balance of power is changing, and the role of the US as the only superpower is being challenged by emerging new powers and a still more powerful China. Nowhere is this more apparent than in the Persian Gulf. This Working Paper by DIIS researcher Lars Erslev Andersen argues that if we are fully to understand the developments in the Persian Gulf we need to analyze the Persian Gulf as a regional security complex in its own right. The argument is developed empirically with reference to the case of Bahrain.
Topic:
Foreign Policy, International Trade and Finance, International Affairs, and Power Politics
Political Geography:
United States, China, Middle East, Arabia, and Bahrain

1586. The Last Living Fossil of the Cold War The two Koreas, the Dragon and the Eagle: towards a new regional security complex in East Asia?

Author:
Erik Beukel
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
Danish Institute for International Studies
Abstract:
The divided Korean peninsula is a flashpoint in the regional security complex in East Asia. The central issue is the threat posed by North Korea and how to meet it. After a review of North Korea as an international actor and of two important incidents in 2010 (the sinking of the South Korean naval ship Cheonan and North Korea's shelling of the South Korean coastal island of Yeonpyeong), the rationality underlying the country's military efforts is considered. South Korea's Nordpolitik is reviewed and the rise and decline of its sunshine policy and the role of its alliance with the United States is described. Two non-Korean great powers, China and the United States, are important actors in the region, and their relations with North Korea, goals and priorities, and implementation strategies are outlined. The report concludes with reflections on the potential for changing the present security complex, which is marked by a fear of war, into a restrained security regime, based on agreed and observed rules of conduct.
Topic:
Conflict Resolution, Security, Foreign Policy, Cold War, Communism, Weapons of Mass Destruction, and Bilateral Relations
Political Geography:
United States, China, Israel, East Asia, Korea, and Island

1587. Politics and the London 2012 Olympics: the (in)security Games

Author:
Barrie Houlihan and Richard Giulianotti
Publication Date:
07-2012
Content Type:
Journal Article
Institution:
Chatham House
Abstract:
Concerns with security and risk have been prominent themes at the modern Olympic Games since at least the 1960s. However, a heightened perception of insecurity and risk has emerged as the leitmotiv of the Olympic Games in recent years, especially since 2001. Insecurity became the dominant discourse of the 2012 Games when the announcement in July 2005 by the International Olympic Committee (IOC) that London had been selected as the host city was over shadowed by the '7/7' terrorist attacks on the London transport system the following day. The hosting by London of the Olympic and Paralympic Games in 2012 brings into sharp relief two significant developments: first, the consolidation of the Olympic Games as a significant arena for national and global politics; and second, the extent to which cities have re-emerged as major targets for hostile attack.
Political Geography:
China, Taiwan, and London

1588. North Korean Succession and the Risks of Instability

Publication Date:
07-2012
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
Transitions often present risks to authoritarian regimes, but the succession in North Korea has apparently passed with few problems. With no opposition from the military and China's clear support, there are no signs to suggest that Kim Jŏng-ŭn, the young leader who replaced his father, Kim Jong-il, following his death in December 2011, is anything but in charge in his own right. Far from creating a regency of older family members or generals, the North Korean system has maintained its focus on a single leader and projected an image of stability and unity as it celebrates the centenary of the birth of its founder, Kim Il-sung. While that image appears to be accurate, there is nothing to suggest that the new leader is or will become inclined to take measures that would either improve the lot of the country's citizens or reduce the regional frictions that Pyongyang is at the centre of.
Topic:
Security, Cold War, Nuclear Weapons, and Political Economy
Political Geography:
China, Israel, and North Korea

1589. India's rise in Africa

Author:
Ian Taylor
Publication Date:
07-2012
Content Type:
Journal Article
Institution:
Chatham House
Abstract:
The holding of the second Africa–India Forum summit in Addis Ababa in May 2011 highlighted the burgeoning political and economic ties between New Delhi and the African continent. It also reflected the growing significance of interest in Africa on the part of a diverse group of developing nations, of which China and India are perhaps the most noteworthy. China's increasing involvement in Africa has been well analysed and discussed; India's connections with the continent have by comparison been relatively overlooked. Yet the increasing salience of India's interest in Africa has important implications, representing a further diversification of Africa's international relations away from 'traditional' North–South linkages and arguably contributing to a greater range of options for the continent. In the light of these considerations, this article seeks to provide an insight into some of the main implications of the growing Indian relationship with Africa.
Political Geography:
Africa, China, India, and New Delhi

1590. Economic statecraft in China's new overseas special economic zones: soft power, business or resource security?

Author:
Deborah Bräutigam and Tang Xiaoyang
Publication Date:
07-2012
Content Type:
Journal Article
Institution:
Chatham House
Abstract:
China's rapid expansion of economic and political ties with other developing countries has aroused deep concern in the West and Japan. Much of this apprehension focuses on China's search for natural resources and its 'no-political-strings-attached' stance on official finance. Yet despite the popular unease provoked by China's growing outward engagement, scholars have done relatively little research on the Chinese government's strategic employment of its economic instruments overseas.
Political Geography:
Japan and China