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21. CSIS Brief: Beyond the Brink: Escalation and Conflict in U.S.-China Economic Relations

Author:
Matthew P. Goodman, Dylan Gerstel, and Pearl Risberg
Publication Date:
09-2019
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
As the United States and China mark their 40th anniversary of formal diplomatic relations in 2019, the world’s most important bilateral relationship is increasingly defined by mistrust, competition, and uncertainty. After four decades of deepening economic integration, the talk in Washington today is about the extent to which the two economies will “decouple” over the years ahead. In a recent study, the CSIS Simon Chair drew on several different academic disciplines to model how an economic conflict between the United States and China could escalate and eventually de-escalate. Our findings suggest that economic conflict is likely to be an enduring feature of the U.S.-China relationship for many years to come. Until perceptions of relative costs in the two countries shift, Washington and Beijing seem set on a path of continued escalation, no substantial trade deal, and at least partial decoupling of their economies.
Topic:
International Trade and Finance, Conflict, Trade Policy, and Economic Cooperation
Political Geography:
China, Asia, North America, and United States of America

22. Shaping the Image of China as a Responsible Global Power

Author:
I. Zarodov
Publication Date:
01-2019
Content Type:
Journal Article
Journal:
International Affairs: A Russian Journal of World Politics, Diplomacy and International Relations
Institution:
East View Information Services
Abstract:
a CoUnTRy’S ImaGe in the minds of those who live inside and out- side it depends on the logic and goals of its development. In the process of construction, its elements might differ by time and resources needed to create and consolidate them. The result, likewise, may be different where the length of time needed to produce the desired effect and the effect itself are concerned. an image of a country responsible for the development of mankind and its security is time- and resource-consuming to the greatest extent while inevitable contradictions between global responsibility and national interests make it idealistic and unachievable. many countries, however, claim the status of responsible – either regional or global – pow- ers depending on their scope and development goals. This image presupposes that the power demonstrates to the world, not only to certain audiences, that it does not intend to grow and develop at the expense of others but in the long-term perspective is firmly deter- mined to create a secure world of equal opportunities. at first, the Chinese expert community was apprehensive and even fearful of the idea of China as one of the responsible world powers. The West, on its side, was actively trying this role on China and even impos- ing it. This stirred up mistrust. It was repeated, among other things, that the role of globally responsible power does not fit China’s interests; that Beijing is being drawn, contrary to its will, into funding the international system on a grand scale. It should be said that Western politicians tried to persuade China to become a more active sponsor. Later, when the “responsible power” concept had been absorbed and, what is more important, adjusted to the country’s interests, skepticism was finally overcome. Between 1999 and 2009, the definition of China as a “responsible power” found its place, with certain readjustments, in the Chinese political vocabulary. Prominent foreign policy experts Wang yizhou,1 yen Shenyi,2 yu Keping3 and hu Jian4 have written a lot about the logical connection between China’s development and the development of mankind, between protection of national interests and the need to take international interests into account.
Topic:
Globalization, International Cooperation, Hegemony, and Economic Cooperation
Political Geography:
China and Asia

23. The United Kingdom's Belt and Road Initiative strategy after Brexit

Author:
Benjamin Barton
Publication Date:
06-2019
Content Type:
Policy Brief
Institution:
Asia Research Institute, University of Nottingham
Abstract:
As China’s President Xi Jinping’s signature foreign policy programme, the Belt and Road Initiative (BRI) has become one of the world’s most active infrastructure development drivers. The BRI is helping to meet the increasing demand for infrastructure development in emerging markets across the world. This policy is unlikely to change due to the importance that the Chinese government attributes to the BRI, with it now being formally enshrined into the Chinese Communist Party (CCP) constitution. For the UK, the BRI stakes are high; it matters both domestically and internationally. It is impacting the wellbeing of countries that are of strategic importance to the UK. It also contributes to the emerging geopolitical rivalry on infrastructure financing. The government should explore bilateral and multilateral venues to seek to cooperate with China on the BRI by developing a UK BRI strategy post-Brexit.
Topic:
Development, Bilateral Relations, Infrastructure, Geopolitics, Brexit, Multilateralism, Belt and Road Initiative (BRI), and Economic Cooperation
Political Geography:
Britain, China, United Kingdom, and Asia

24. Chinese, Japanese, and Korean Inroads into Central Asia: Comparative Analysis of the Economic Cooperation Roadmaps for Uzbekistan

Author:
Timur Dadabaev
Publication Date:
12-2019
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
China, Japan, and South Korea have regarded Central Asia as a new Asian frontier in their foreign policies since the collapse of the Soviet Union. With time, their policies evolved into regionbuilding initiatives exemplified by the Shanghai Cooperation Organization, Belt and Road Initiative, Central Asia plus Japan Dialogue Forum, and Korea-Central Asia Cooperation Forum. This paper raises the following research questions: What are the areas of interest for China, Japan, and Korea in their relations with Central Asian states and Uzbekistan in particular? What are the patterns of agenda setting in establishing intergovernmental cooperation? What are the particular projects that these states initiate? What are the objectives of projects initiated within these areas of interest? How competitive or complementary are these projects of China, Japan, and Korea? Throughout, Chinese, Japanese, and Korean “Silk Road” roadmaps with Uzbekistan are discussed to highlight their similarities and differences.
Topic:
Foreign Policy, Economy, and Economic Cooperation
Political Geography:
Japan, China, Central Asia, Asia, South Korea, and Uzbekistan

25. Propositions on Sino-American Trade Dispute: Some Helpful Ideas from Social Science

Author:
Steve Chan
Publication Date:
11-2019
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
This short essay introduces some concepts and propositions from social science research that I personally find helpful in understanding the ongoing Sino-American trade dispute. Naturally, they are not meant to suggest a comprehensive or exhaustive list of factors that inform this topic. Given the purpose and the limits of my essay, I also do not engage any specific theory or method, such as the efficient-market hypothesis or game theory pioneered by well-known Nobel laureates (e.g., Burton Malkiel and Eugene Fama1; Thomas Schelling2).
Topic:
Conflict, Trade, and Economic Cooperation
Political Geography:
United States, China, and Asia-Pacific

26. China’s Belt and Road Initiative: A Perception Survey of Asian Opinion Leaders

Author:
Pradumna B. Rana, Chai Wai-Mun, and Ji Xianbai
Publication Date:
11-2019
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
The Belt and Road Initiative (BRI), officially unveiled in 2013, is China’s landmark foreign and economic policy initiative to achieve improved connectivity, regional cooperation, and economic development on a trans-continental scale. China has promoted the BRI as a cooperative initiative that will lead to a win- win situation for both China and BRI partner countries. However, there are many different views and pushbacks against the BRI and suspicions of China’s underlying intentions. Impacts of the BRI can be assessed either through a model-based quantitative study or through a broadly representative survey. Our paper used the latter approach as we were not aware of any such study in the past. We implemented an online survey from 20 June to 19 July 2019 which over 1,200 Asian opinion leaders responded to. Asian opinion leaders were defined as policy makers, academics, businesses, and media practitioners from 26 Asian countries that have signed a BRI agreement with China. Stakeholders’ perspectives on the following issues were solicited: (i) why China might have been interested in launching the BRI; (ii) perceived benefits and risks to countries participating in the BRI; and (iii) policies that the stakeholders would like to recommend both to China and their own governments. Though mixed views on the specifics of the BRI emerged, respondents generally felt that the BRI was a positive development facilitating international economic cooperation and development. The recommendations of this survey should be of some use in making the BRI a truly win-win initiative for all.
Topic:
Foreign Policy, Imperialism, Economic Policy, and Economic Cooperation
Political Geography:
China, Asia, and Global Focus

27. Assessing the Impacts of Chinese Investments in Cambodia: The Case of Preah Sihanoukville Province

Author:
Sovinda Po and Kimkong Heng
Publication Date:
05-2019
Content Type:
Working Paper
Institution:
Pacific Forum
Abstract:
The past several years have seen an unprecedented inflow of Chinese investments to Cambodia, resulting in a huge increase in the number of Chinese people in this Asian country. Chinese investment projects have previously been concentrated in the Cambodian capital city, Phnom Penh, but the focus has recently been shifted to Sihanoukville, a coastal province of Cambodia. The growing presence of the Chinese, many of whom are business people and migrant workers in Sihanoukville, has brought concerns about potential impacts resulting from Chinese investment projects. Although positive impacts in terms of infrastructure development and job opportunities are apparent, Chinese investments have created numerous issues that have made headlines across various media outlets, both national and international. This analysis aims to assess the impacts of Chinese investment in Cambodia by drawing on data in the form of new reports, commentaries, analyses, and articles published on different media platforms and in academic journals. Taking Sihanoukville as a case study, the analysis shows that, despite economic benefits, Chinese investments have significant negative impacts on Cambodia as a host country of foreign direct investment. Four dimensions of the impact, including political, socio-cultural, environmental, and socio-economic are discussed. The analysis concludes with ways forward for Cambodia and China to ensure that positive rather than negative outcomes are the consequences of Chinese investments in Cambodia.
Topic:
Foreign Direct Investment, Investment, and Economic Cooperation
Political Geography:
China, Asia, and Cambodia

28. The Article II Mandate: Forging a Stronger Economic Alliance between the United States and Japan

Author:
Matthew P. Goodman, Ann Listerud, and Daniel Remler
Publication Date:
12-2018
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
The alliance between the United States and Japan has been a force for peace and prosperity around the world for nearly 60 years. Economics has been at the heart of the U.S.–Japan alliance from the outset: Article II of the Treaty of Mutual Cooperation and Security mandates that the two allies “seek to eliminate conflict in their international economic policies and … encourage economic collaboration between them.” Nowhere are U.S. and Japanese strategic interests more closely aligned than in the Indo-Pacific region. Both Washington and Tokyo seek to ensure regional security and stability, expand trade and other economic opportunities, and support universal democratic norms. The two countries have worked constructively together for many decades to shape regional economic rules and norms through institutions such as the Asian Development Bank and the Asia-Pacific Economic Cooperation (APEC) forum.
Topic:
International Cooperation, International Trade and Finance, Regionalism, and Economic Cooperation
Political Geography:
Japan, China, Asia, North America, and United States of America

29. Not Quite that Close: Israel’s Policy towards China

Author:
Eran Lerman
Publication Date:
11-2018
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Israel’s strategy toward China doesn’t conflict with American interests; rather, it serves and reinforces them. Partnering with Beijing can help stabilize the Middle East. Partnering with Asian nations threatened by Beijing can help build a counterbalance to Chinese power.
Topic:
International Cooperation, Hegemony, Economic Cooperation, and Regional Power
Political Geography:
China, Middle East, Israel, Asia, North America, and United States of America

30. Enhancing EU–India Connectivity: Towards New Spice Routes

Author:
Patryk Kugiel
Publication Date:
10-2018
Content Type:
Special Report
Institution:
The Polish Institute of International Affairs
Abstract:
The approaches of the EU and India to the connectivity between Asia and Europe largely converge. Both the Union and the country emphasize the importance of maintaining the highest international standards in infrastructure projects, share similar concerns regarding China’s Belt and Road Initiative (BRI), and implement their own ambitious transregional transport projects in their respective neighbourhood. Comprehensive cooperation on connectivity may become a key element of their strategic partnership, help promote regulatory standards, and boost economic cooperation. Better connectivity between Europe and India is also in Poland’s interest.
Topic:
Bilateral Relations, Belt and Road Initiative (BRI), Trade, and Economic Cooperation
Political Geography:
China, Europe, South Asia, India, Poland, and European Union