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1782. Chinese Lessons from Other Peoples' Wars
- Author:
- Andrew Scobell (ed.), David Lai (ed.), and Roy Kamphausen (ed.)
- Publication Date:
- 11-2011
- Content Type:
- Working Paper
- Institution:
- The Strategic Studies Institute of the U.S. Army War College
- Abstract:
- The annual Conference on the Chinese People's Liberation Army (PLA) took place at the U.S. Army War College (USAWC), in Carlisle, Pennsylvania, on October 22-24, 2010. The topic for this year's conference was the “PLA's lessons from Other People's Wars.” Participants at the conference sought to discern what lessons the PLA has been learning from the strategic and operational experiences of the armed forces of other countries during the past 3 decades.
- Topic:
- Security, Arms Control and Proliferation, Globalization, and International Cooperation
- Political Geography:
- China, Asia, and Australia/Pacific
1783. China's Energy and Security Relations with Russia: Hopes, Frustrations and Uncertainties
- Author:
- Linda Jakobson, Paul Holtom, Dean Knox, and Jingchao Peng
- Publication Date:
- 10-2011
- Content Type:
- Working Paper
- Institution:
- Stockholm International Peace Research Institute
- Abstract:
- Fifteen years have passed since China and Russia formed a 'strategic cooperative partnership' in 1996, and 2011 marks the 10th anniversary of their 2001 Treaty of Good-Neighbourliness and Friendly Cooperation. Considering the significant changes that have taken place in China and Russia over this period, it is well worth assessing the meaning of the China–Russia 'strategic partnership' and their declared 'good-neighbourly' relations.
- Topic:
- Arms Control and Proliferation, Energy Policy, Oil, and Bilateral Relations
- Political Geography:
- Russia and China
1784. Is Indonesia Bound for the BRICs?
- Author:
- Karen Brooks
- Publication Date:
- 11-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- Indonesia is in the midst of a yearlong debut on the world stage. This past spring and summer, it hosted a series of high-profile summits, including for the Overseas Private Investment Corporation in May, the World Economic Forum on East Asia the same month, and the Association of Southeast Asian Nations (ASEAN) in July. With each event, Indonesia received broad praise for its leadership and achievements. This coming-out party will culminate in November, when the country hosts the East Asia Summit, which U.S. President Barack Obama and world leaders from 17 other countries will attend. As attention turns to Indonesia, the time is ripe to assess whether Jakarta can live up to all the hype. A little over ten years ago, during the height of the Asian financial crisis, Indonesia looked like a state on the brink of collapse. The rupiah was in a death spiral, protests against President Suharto's regime had turned into riots, and violence had erupted against Indonesia's ethnic Chinese community. The chaos left the country -- the fourth largest in the world, a sprawling archipelago including more than 17,000 islands, 200 million people, and the world's largest Muslim population -- without a clear leader. Today, Indonesia is hailed as a model democracy and is a darling of the international financial community. The Jakarta Stock Exchange has been among the world's top performers in recent years, and some analysts have even called for adding Indonesia to the ranks of the BRIC countries (Brazil, Russia, India, and China). More recent efforts to identify the economic superstars of the future -- Goldman Sachs' "Next 11," PricewaterhouseCoopers' "E-7" (emerging 7), The Economist's "CIVETS" (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa), and Citigroup's "3G" -- all include Indonesia.
- Topic:
- Economics and Financial Crisis
- Political Geography:
- Russia, United States, China, Indonesia, India, East Asia, Brazil, and Island
1785. The Sick Man of Asia
- Author:
- Yanzhong Huang
- Publication Date:
- 11-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- Although China has made remarkable economic progress over the past few decades, its citizens' health has not improved as much. Since 1980, the country has achieved an average economic growth rate of ten percent and lifted 400–500 million people out of poverty. Yet Chinese official data suggest that average life expectancy in China rose by only about five years between 1981 and 2009, from roughly 68 years to 73 years. (It had increased by almost 33 years between 1949 and 1980.) In countries that had similar life expectancy levels in 1981 but had slower economic growth thereafter -- Colombia, Malaysia, Mexico, and South Korea, for example -- by 2009 life expectancy had increased by 7–14 years. According to the World Bank, even in Australia, Hong Kong, Japan, and Singapore, which had much higher life expectancy figures than China in 1981, those figures rose by 7–10 years during the same period.
- Topic:
- Economics
- Political Geography:
- Japan, China, Malaysia, Asia, South Korea, Colombia, Australia, Mexico, and Hong Kong
1786. The Leadership Secrets of Bismarck
- Author:
- Michael Bernhard
- Publication Date:
- 11-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- China is hardly the first great power to make authoritarian development look attractive. As Jonathan Steinberg's new biography of Bismarck shows, Wilhelmine Germany did it with ease. But can even successful nondemocratic political systems thrive and evolve peacefully over the long run? The answer depends on whether authoritarian elites can tolerate sharing power.
- Topic:
- Development and Politics
- Political Geography:
- China, Germany, and Peru
1787. Manufacturing Globalization
- Author:
- Robert Z. Lawrence, Richard Katz, and Michael Spence
- Publication Date:
- 11-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- TROUBLE ON THE HOME FRONT Richard Katz A decade ago, the great American jobs train fell off its tracks. Traditionally, boosts in private-sector employment have accompanied recoveries from economic downturns. In the first seven years after the beginning of the 1980 and 1990 recessions, for example, the number of private-sector jobs increased by 14 percent. Yet in January 2008, seven years after the previous pre-recession peak and before the most recent recession began, private-sector jobs were up only four percent. Today, for the first time in the postwar era, there are fewer of these jobs than there were ten years before. Ignoring the overall dearth of jobs, Michael Spence (“The Impact of Globalization on Income and Unemployment,” July/August 2011) singles out the fraction of employment in sectors related to trade. He claims that China and other developing countries have taken U.S. jobs and blames globalization for the substantial increase in income inequality across the country. It is misleading, he says, to argue that “the most important forces operating on the structure of the U.S. economy are internal, not external.” He is wrong: the fault lies not in China or South Korea but at home.
- Topic:
- Globalization
- Political Geography:
- China, America, and South Korea
1788. Point of Order
- Author:
- G. John Ikenberry and Amitai Etzioni
- Publication Date:
- 11-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- CHANGING THE RULES Amitai Etzioni G. John Ikenberry asks whether China will buy into the prevailing liberal, rule-based international order, which has been promoted and underwritten by the United States ("The Future of the Liberal World Order," May/June 2011). With regard to one key element of this order, however -- the Westphalian norm of sovereignty and nonintervention -- he might have inverted the premise. For here, the West has been seeking major modifications that weaken the norm, whereas China has championed the established rule and the international order based on it. Several leading Western progressives have sought to legitimize armed humanitarian intervention, under the rubric of "the responsibility to protect." Others have gone even further, seeking to legitimize interference in the internal affairs of other countries if they develop nuclear arms, invoking "the duty to prevent." Both concepts explicitly make sovereignty conditional on states' conducting themselves in line with new norms that directly conflict with the Westphalian one. The issue, in other words, is not simply whether China will buy into the existing rule-based order but whether it can be persuaded to support the major changes in the rules that the West is seeking.
- Political Geography:
- United States and China
1789. The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment
- Author:
- Peter A. Petri, Michael G. Plummer, and Fan Zhai
- Publication Date:
- 10-2011
- Content Type:
- Working Paper
- Institution:
- East-West Center
- Abstract:
- Two emerging tracks of trade agreements in the Asia-Pacific—one based on the proposed Trans-Pacific Partnership (TPP) agreement and an Asian track—could consolidate the “noodle bowl” of current smaller agreements and provide pathways to a Free Trade Area of the Asia-Pacific (FTAAP). We examine the benefits and strategic incentives generated by these tracks over 2010-2025. The effects on the world economy would be small initially but by 2025 the annual welfare gains would rise to $104 billion on the TPP track, $303 billion on both tracks, and $862 billion with an FTAAP. The tracks will be competitive but their strategic implications are constructive: each would generate incentives for enlargement. Over time, strong economic incentives would emerge for the United States and China to consolidate the tracks into a region-wide agreement. Each track would bring a different template to such consolidation and can be viewed as defining a “disagreement point” in the Asia-Pacific bargaining game. The study is based on an analysis of 48 actual and proposed Asia-Pacific trade agreements and models impacts on variables including sectoral trade, output, employment and job shifts in 24 world regions.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United States, China, Israel, Asia, Australia/Pacific, and Asia-Pacific
1790. An Evaluation of Overseas Oil Investment Projects Under Uncertainty Using a Real Options Based Simulation Model
- Author:
- ZhongXiang Zhang, Lei Zhu, and Ying Fan
- Publication Date:
- 11-2011
- Content Type:
- Working Paper
- Institution:
- East-West Center
- Abstract:
- This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, the model has incorporated not only the uncertainties of oil price and investment cost but also the uncertainties of exchange rate and investment environment. These unique features have enabled the model to be best equipped to evaluate the value of oil overseas investment projects of three oil field sizes (large, medium, small) and under different resource tax systems (royalty tax and production sharing contracts). In the empirical setting, China was selected as an investor country and Indonesia as an investee country as a case study. The results show that the investment risks and project values of small sized oil fields are more sensitive to changes in the uncertainty factors than the large and medium sized oil fields. Furthermore, among the uncertainty factors considered in the model, the investment risk of overseas oil investment may be underestimated if no consideration is given of the impacts of exchange rate and investment environment. Finally, as there is an important tradeoff between oil resource investee country and overseas oil investor, in medium and small sized oil investment negotiation the oil company should try to increase the cost oil limit in production sharing contract and avoid the term of a windfall profits tax to reduce the investment risk of overseas oil fields.
- Topic:
- Development, Economics, Energy Policy, International Trade and Finance, and Oil
- Political Geography:
- China, Indonesia, and Israel