Number of results to display per page
Search Results
132. China in the G20 Summitry: Review and Decision-making Process
- Author:
- Alex He
- Publication Date:
- 10-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- As the largest emerging economy, China believes that the Group of Twenty (G20), instead of the Group of Eight (G8), is the ideal platform for its participation in global governance. This paper examines the reasons why China joined the G20 rather than the G8, and then focuses on a detailed review of China's participation in G20 summits since the enhanced forum began in 2008. China took a very active and cooperative attitude in dealing with the global financial crisis in 2008-2009. The paper observes that China also insisted on its own agenda for reforms to the international monetary system, through reforms to the international financial institutions that manage it — in particular, raising the number of voting shares and the representation of developing countries at the IMF and the World Bank. Based on the reviews of China's performance in the G20 summits since 2008, the paper explores China's policy making through its participation in the G20, determining that it is shaped by several major economic departments in addition to the Ministry of Foreign Affairs, and coordinated by a vice premier responsible for economic and financial affairs. The paper concludes that China has gained immensely from its participation in the G20. Most importantly, China entered the centre stage of global economic governance through the G20, which allowed the country to demonstrate that it is a responsible great power, and communicate and maintain relations with other major powers. The main challenges China has faced since joining the G20, from the perspective of some Chinese scholars, are a lack of capacity for agenda setting and shaping initiatives, as well as inadequate communication and coordination among different government departments and between the Sherpa and financial tracks of the G20.
- Topic:
- Economics, International Political Economy, International Trade and Finance, International Monetary Fund, Global Recession, Financial Crisis, and World Bank
- Political Geography:
- China
133. The Effect of Index Futures Trading on Volatility: Three Markets for Chinese Stocks
- Author:
- Pierre Siklos, Martin T. Bohl, and Jeanne Diesteldorf
- Publication Date:
- 09-2014
- Content Type:
- Policy Brief
- Institution:
- Centre for International Governance Innovation
- Abstract:
- This paper examines whether the introduction of Chinese stock index futures had an impact on the volatility of the underlying spot market. To this end, we estimate several Generalized Auto-Regressive Conditional Heteroscedasticity (GARCH) models and compare our findings for mainland China with Chinese index futures traded in Singapore and Hong Kong. Our results indicate that Chinese index futures decrease spot market volatility with all three spot markets considered. In contrast, we do not obtain the same results for the companion index futures markets in Hong Kong and Singapore. China's stock market is relatively young and largely dominated by private retail investors. Nevertheless, our evidence is favourable to the stabilization hypothesis usually confirmed in mature markets.
- Topic:
- Economics, International Trade and Finance, and Markets
- Political Geography:
- China and Singapore
134. China's Goals in the G20: Expectation, Strategy and Agenda
- Author:
- Alex He
- Publication Date:
- 08-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- The G20 has emerged as the lynchpin of China's involvement in global economic governance. It remains the only economic institutional setting where the country can operate on par with major Western powers. China has a strong interest in maintaining the status of the G20 as the premier forum for economic cooperation, and a vested interest in ensuring that the G20 does not degrade into yet another “talk shop” of multilateral diplomacy. However, the Chinese leadership's current approach to the G20 is not driven by a desire to position the country as a leading agenda setter. Instead, China's main policy priority is ensuring that the country is treated as an equal and respected partner. China recognizes that in many ways it is still in a comparatively weak position and does not have the institutional capabilities and talents needed to operate in global financial and economic institutions such as the G20.
- Topic:
- Economics, International Cooperation, and International Trade and Finance
- Political Geography:
- United States and China
135. Great Game, Local Rules and the New Great Power Context in Central Asia By Alexander Cooley
- Author:
- John Herbst
- Publication Date:
- 12-2013
- Content Type:
- Journal Article
- Journal:
- PRISM
- Institution:
- Institute for National Strategic Studies (INSS), National Defense University
- Abstract:
- In Great Game, Local Rules the New Great Power Contest in Central Asia, Alexander Cooley develops an excellent analytical framework for looking at the activities of China, Russia and the United States in Central Asia. Cooley offers three broad arguments. First, he observes that the three big powers have pursued different goals in Central Asia, which has meant that their interests do not necessarily conflict. China's main objective has been to stabilize Xinjiang by ensuring cooperative relationships on Xinjiang's border. This prompted beijing to resolve border disputes with kyrgyzstan, Tajikistan and kazakhstan on favorable terms for its Central Asian neighbors. The U.S. has sought to stabilize Afghanistan by establishing supply and base arrangements in Central Asia. Despite the ups and downs with Tashkent which led to the closing of the U.S. base at karshi khanabad in 2005, washington has largely achieved its objectives in the region. Russia has sought to remain the major power or hegemon in the region. Despite this ambitious goal, Moscow has been willing to accept efforts by the U.S. to establish bases in Central Asia because it also is interested in containing, if not defeating the Taliban in Afghanistan.
- Topic:
- Economics
- Political Geography:
- Afghanistan, Russia, United States, China, and Kazakhstan
136. China and the Arctic: China's Interests and Participation in the Region
- Author:
- Kai Sun
- Publication Date:
- 11-2013
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- As China's presence in the Arctic grows, international attention on China in the Arctic also grows. This paper clarifies why China is interested in the Arctic and its role in joining the Arctic play, and touches on future trends in this regard. The paper begins with a discussion of China's recent Arctic capacity building and diplomacy, and the surge of interest in Arctic affairs by Chinese social scientists and strategists in recent years. China looks north for basically four reasons: it is influenced by environmental changes in the Arctic; it is drawn by the business opportunities arising from the opening of the Arctic passages and better access to Arctic resources; and it is also committed to maintaining good governance in the Arctic — which is also in its best interests.
- Topic:
- Foreign Policy, Diplomacy, Economics, Oil, Natural Resources, and Governance
- Political Geography:
- China and Israel
137. East Asia and the Arctic: Alaskan and American Perspectives
- Author:
- Jerry McBeath
- Publication Date:
- 12-2013
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- This paper concerns the US view of East Asian nations' involvement in the Arctic, emphasizing the perspective of Alaska, the only US Arctic state. It treats six different areas of US/Alaska policy: US national strategy for the Arctic; oil and gas exploration and development; marine transportation; fisheries; investment in infrastructure; and governance. The study finds few differences between the positions of Alaska and the United States, notwithstanding often-hostile rhetoric from leaders in the United States' farthest north frontier. In general terms, both Alaska and the United States have historically sought trade and investment ties with East Asian nations. China has now replaced Japan as Alaska's major trading partner, followed by South Korea and Taiwan.
- Topic:
- Economics, Food, and Infrastructure
- Political Geography:
- United States, China, Taiwan, East Asia, South Korea, Alaska, and Arctic
138. Identifying Options for a New International Climate Regime Arising from the Durban Platform for Enhanced Action
- Author:
- Robert N. Stavins, Ottmar Edenhofer, and Christian Flachsland
- Publication Date:
- 10-2013
- Content Type:
- Policy Brief
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- The goal of the Harvard Project on Climate Agreements is to help identify and advance scientifically sound, economically rational, and politically pragmatic public policy options for addressing global climate change. Drawing upon leading thinkers in Argentina, Australia, China, Europe, India, Japan, and the United States, the Project conducts research on policy architecture, key design elements, and institutional dimensions of domestic climate policy and a post-2015 international climate policy regime. The Project is directed by Robert N. Stavins, Albert Pratt Professor of Business and Government, Harvard Kennedy School.
- Topic:
- Climate Change, Economics, Energy Policy, Industrial Policy, International Cooperation, and Treaties and Agreements
- Political Geography:
- United States, Japan, China, Europe, and India
139. Crucial Collaborators or Petty Players? The Globalization of R and the Rise of China and India
- Author:
- Andrew B. Kennedy
- Publication Date:
- 11-2013
- Content Type:
- Course Pack
- Institution:
- Center for the Advanced Study of India
- Abstract:
- In recent decades, research and development has become a key new arena of globalization. Whereas multinational corporations once conducted R primarily in their home countries, it is now often dispersed across multiple locations around the world. Has this process transformed economic ties between the world's dominant state and its would-be rising powers in ways that imply an important power shift? Focusing on China and India's growing collaboration with the U.S., this paper argues that it has not. China and India remain considerably more reliant on the globalization of R than the U.S. does, and this remains a potential source of leverage for Washington. This vulnerability mainly reflects the fact that U.S. R investments in China and India are far more important for these two Asian countries than they are for the U.S. These investments loom larger in the Chinese and Indian innovation systems than they do in their American counterpart, and it is difficult to imagine any country substituting for the U.S. in this regard. In contrast, the U.S. cannot derive a great deal of leverage as a platform for R Both China and India are considerably less dependent on the U.S. in this respect.
- Topic:
- Development, Economics, Globalization, International Trade and Finance, and Markets
- Political Geography:
- United States, China, and India
140. Trade and the G20
- Author:
- John Ravenhill, Mark P Thirlwell, Mike Callaghan, Peter W. Gallagher, and Brett Williams
- Publication Date:
- 06-2013
- Content Type:
- Working Paper
- Institution:
- Lowy Institute for International Policy
- Abstract:
- This issue of the G20 Monitor is devoted to the topic of international trade and the role of the G20. Over the coming months, the Monitor will be covering in detail a number of issues that are, or could be, on the G20 agenda. For example, over the next few months there will be an issue on 'Financial regulation and the G20' and another on 'Development and the G20'. The question we are asking on each issue is 'where can the G20 add value?'
- Topic:
- Economics, International Trade and Finance, Treaties and Agreements, and Infrastructure
- Political Geography:
- United States, China, and Europe