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2192. Understanding Special Drawing Rights
- Author:
- John Williamson
- Publication Date:
- 06-2009
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- A once-familiar but long-neglected acronym has reappeared in newspapers in recent weeks. We have read that the G-20 meeting in London endorsed a proposal that the International Monetary Fund (IMF) should create $250 billion in Special Drawing Rights (SDRs). We have been told that one problem with this proposal is that most of the SDR allocation would accrue to countries that are unlikely to use them, and some readers may have seen proposed ways around this difficulty. We have read that the governor of the People's Bank of China, Zhou Xiaochuan, has proposed that the SDR should gradually displace the dollar at the center of the international monetary system and that surplus countries should be able to convert their dollar holdings into SDR-denominated assets. No one can doubt that the SDR is back.
- Topic:
- Economics, International Cooperation, International Political Economy, International Trade and Finance, and Monetary Policy
- Political Geography:
- United States and China
2193. Soft budget constraints in China: Evidence from the Guangdong hospital industry
- Author:
- Karen Eggleston, Mingshan Lu, Congdong Li, Jian Wang, Zhe Yang, Jing Zhang, and Yu-Chu Shen
- Publication Date:
- 03-2009
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Using data from 276 general acute hospitals in the Pearl River Delta region of Guangdong Province from 2002 and 2004, we construct a preliminary metric of budget constraint softness. We find that, controlling for hospital size, ownership, and other factors, a Chinese hospital's probability of receiving government financial support is inversely associated with the hospital's previous net revenue, an association consistent with soft budget constraints.
- Topic:
- Government, Health, and Financial Crisis
- Political Geography:
- China and Asia
2194. Options for Reforming the Clean Development Mechanism
- Publication Date:
- 08-2009
- Content Type:
- Policy Brief
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- The Clean Development Mechanism (CDM)-established by the Kyoto Protocol of the U.N. Framework Convention on Climate Change-is an emissions offset program that allows industrialized countries to receive credits for funding emissions reduction projects in developing countries. The program is intended to provide a cost-effective way for industrialized countries to reduce greenhouse gas emissions, while at the same time supporting sustainable development in developing countries. However, the CDM has been criticized for its lengthy and expensive project approval procedures, its exclusion of many categories of potentially important mitigation activities, and its methodologies for calculating whether projects actually reduce greenhouse gas emissions. In response to these problems, this Issue Brief presents a variety of options for reforming the CDM.
- Topic:
- Climate Change, Energy Policy, Environment, and Treaties and Agreements
- Political Geography:
- China, India, and Brazil
2195. Improving U.S.-China Relations: The Next Steps
- Author:
- Richard N. Rosecrance
- Publication Date:
- 09-2009
- Content Type:
- Policy Brief
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- A higher Renminbi will have two advantages: for the United States, it will help to equilibrate the past trade imbalance; for China, it will stimulate consumption (and enhance imports). It will therefore help China switch from a purely exporting strategy to one that maintains domestic growth through internal consumption. The goods that were to be sent abroad can now be consumed by an increasingly middle class nation at home. These steps will bring China and the United States closer economically and increase international stability. However, unless the military-security relations of the two countries improve, this will not be a sufficient remedy for the two nations' long term problems.
- Topic:
- International Political Economy, International Trade and Finance, and Bilateral Relations
- Political Geography:
- United States, China, and Germany
2196. On China's Commercial Reprocessing Policy
- Author:
- Hui Zhang
- Publication Date:
- 07-2009
- Content Type:
- Working Paper
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- China is currently operating eleven nuclear power reactors with installed capacity of 9 GWe, and it plans to increase its total nuclear capacity to 40 GWe by 2020. China is seeking to reprocess the civilian spent fuel, and to recycle the plutonium in MOX fuel for its light water reactors (LWRs) and fast breeder reactors (FBRs). A pilot reprocessing plant with a capacity of 50-100 THM/a is ready to operate now. A larger commercial reprocessing plant and a MOX fabrication plant are expected to be in commission around the year 2020. Also, the China Experimental Fast Reactor (CEFR), capable of producing 25 MWe of power, will be operating soon. Furthermore, larger commercial FBRs are planned to be commissioned around 2030-2035. This paper will first discuss the status of China's nuclear power reactors, breeders, and civilian reprocessing programs. In addition, this paper will examine whether the breeders and civilian reprocessing programs make sense for China, taking into account costs, proliferation risks, energy security tradeoffs, health and environmental risks, and spent fuel management issues.
- Topic:
- Security, Energy Policy, and Environment
- Political Geography:
- China
2197. Avoiding Mutual Misunderstanding: Sino-U.S. Relations and the New Administration
- Author:
- Tianjian Shi and Meredith Wen
- Publication Date:
- 01-2009
- Content Type:
- Policy Brief
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- After the election of Barack Obama as president, Carnegie's Beijing Office assembled a group of leading scholars of international relations to discuss their expectations of the new administration. This policy brief conveys their opinions on various aspects of Sino-American relations and on America foreign policy in general.
- Topic:
- International Relations, Foreign Policy, and International Trade and Finance
- Political Geography:
- United States, China, and Beijing
2198. ROK Military Transformation and ROK-US Security and Maritime Cooperation: MD, PSI and Dokdo Island
- Author:
- Taewoo Kim
- Publication Date:
- 01-2009
- Content Type:
- Journal Article
- Journal:
- International Journal of Korean Studies
- Institution:
- International Council on Korean Studies
- Abstract:
- In the last decade the ROK-U.S. alliance has soured as the two ideologically slanted predecessor administrations of Kim Dae Jung and Roh Moo Hyun brandished 'idealist policy experiments' over issues critical to the alliance. Under the banner of 'autonomy,' the Roh administration initiated the 2007 decision to separate operational control (OPCON) and dismantle the Combined Forces Command (CFC) by 2012. The Defense Reform 2020 was a decisive masterpiece to placate the conservative realists critical to the Roh's leftist experiments. The task of redressing the vestige of distortions belongs to the newly elected Lee Myung Bak, who already began restoration of the bilateral relations since the two summits in 2008, which promised to forge a 'strategic alliance.' If the 2007 agreement over OPCON and CFC is irreversible, the Lee administration has no other choice but to formulate a new security cooperation while utilizing the Defense Reform as the highway leading to military transformation and upgraded ROK-U.S. cooperation in that regard. The rationale is that the U.S. will remain a critical partner even after the transfer of OPCON in all defense areas such as collaboration upon a Korean contingency, purchase of new weapon systems, and interoperability. There are other critical issues that need mutual adjustment and understanding. For South Korea, more active participation in the Proliferation Security Initiative (PSI) is worth a try. The U.S. needs to understand South Korea's hesitation to fully participate in the U.S.-initiated TMD. Technically, the proximity to North Korea's high speed ballistic missiles may nullify the South's missile defense efforts. Politically, such participation will irritate China and Russia. Particularly, U.S. recognition of Japan's claim over Dokdo (Takesima) island, if any, will pour cold water on ROK-U.S.-Japan trilateral maritime cooperation, and dishearten 'ordinary South Koreans' who pin high expectations on the 'strategic alliance.'
- Topic:
- Security
- Political Geography:
- Russia, Japan, China, South Korea, and Island
2199. Crisis and Consensus; America and ASEAN in a New Global Context
- Author:
- Donald K. Emmerson
- Publication Date:
- 02-2009
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- No crisis is uniformly global. The suffering and the opportunity that a “global” crisis entails are always unevenly distributed across countries, and unevenly across the population inside any one country. That said, one can nevertheless argue that we—not the old royal “we” but, more presumptuously, the new global “we”—are in January 2009 experiencing the latest of four dramatic changes that major parts of the world have undergone over the last twenty years. In 1989, of course, the Berlin Wall was breached, ending the Cold War, followed by the implosion of Lenin's Soviet dystopia two years later. Nor did the 1989 massacre of proreform demonstrators in Tiananmen Square revive a command economy in China. Instead it kept the polity shut so that Deng's economy could continue to open.
- Topic:
- International Relations, Globalization, and International Political Economy
- Political Geography:
- United States, China, America, Israel, Asia, and Berlin
2200. The Myth of the Autocratic Revival: Why Liberal Democracy Will Prevail
- Author:
- Daniel Deudney and G. John Ikenberry
- Publication Date:
- 01-2009
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- Autocracies such as China and Russia do not represent a sustainable alternative to liberal democracy. In fact, the pull of liberal democracy is stronger than ever.
- Political Geography:
- Russia and China