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81. Regional Trade Agreements vs. Multilateral Trading System: A Study of Chinese Interests and Policy Options

Author:
Chen Taifeng
Publication Date:
07-2009
Content Type:
Working Paper
Institution:
Norwegian Institute of International Affairs
Abstract:
The simultaneous emergence of rapidly developing RTAs and a strengthened and more encompassing MTS attracts worldwide attention. “Complementary Competition” is the very essence of the RTA/MTS relationship. Both compete complementarily in trade liberalization and economic integration initiatives. Since joining the WTO, China has pursued a “three-pronged” economic and trade development strategy of pushing forward regional trade cooperation and bilateral trade cooperation while enhancing multilateral trade and cooperation. After joining the WTO, China has basically developed a spatial landscape of “focusing on Asia-Pacific and reaching out globally” with regard to its participation in the RTA.By participating in RTAs, China can obtain the same benefits of market openness and trade and investment liberalization as other countries do. It is important for China not to act too hastily, but to push forward regional cooperation step by step from adjacent to remote regions and level by level, from easy to difficult regions. Asia is especially important to China, and Asian economic cooperation is the foundation of China's RTA policy.
Topic:
Economics, International Trade and Finance, and Markets
Political Geography:
China and Asia

82. The Economic Impact of International Students from a Cross-National Perspective

Author:
Robert Gutierrez, Patricia Chow, Jason Baumgartner, and Yuriko Sato
Publication Date:
05-2009
Content Type:
Policy Brief
Institution:
Institute of International Education
Abstract:
IIE Open Doors Data on U.S. International Educational Exchange. Project Atlas: Global Student Mobility. International Student Economic Impact in the U.S. Comparison of International Student Economic Impact in USA, Japan and Australia.
Topic:
Foreign Policy, Economics, Markets, and Migration
Political Geography:
United States, Japan, China, Asia, California, Australia, and Texas

83. Indian FDI falls in global economic crisis: Indian multinationals tread cautiously

Author:
Jaya Prakash Pradhan
Publication Date:
08-2009
Content Type:
Working Paper
Institution:
Columbia Center on Sustainable Investment
Abstract:
Just over a year ago, outward foreign direct investment (OFDI) from India seemed to be on a path of rapid and sustained growth. Its annual average growth of 98% during 2004–07 had been unprecedented , much ahead of OFDI growth from other emerging markets like China (74%), Malaysia (70%), Russia (53%), and the Republic of Korea (51%), although from a much lower base. Much of this recent growth had been fuelled by large-scale overseas acquisitions, however, and it faltered when the global financial crisis that started in late 2007 made financing acquisitions harder.
Topic:
Economics, International Political Economy, International Trade and Finance, Markets, Foreign Direct Investment, and Financial Crisis
Political Geography:
Russia, China, South Asia, Malaysia, and Korea

84. The United States and the Asia-Pacific Region: National Interests and Strategic Imperatives

Author:
James J. Przystup
Publication Date:
04-2009
Content Type:
Working Paper
Abstract:
From its earliest days, the United States has been engaged in trade with East Asia. In February 1784, the Empress of China left New York harbor, sailing east to China, arriving at Macau on the China coast in August of that year. The ship returned to the United States the following May with a consignment of Chinese goods, which generated a profit of $30,000. In 1844, China granted the United States trading rights in the Treaty of Wanghia.
Topic:
Economics, International Trade and Finance, Markets, and Financial Crisis
Political Geography:
United States, China, Asia, and Australia/Pacific

85. Beyond Market Forces: Regulating the Global Security Industry

Author:
James Cockayne, Emily Speers Mears, Alison Gurin, Iveta Cherneva, Sheila Oviedo, and Dylan Yaeger
Publication Date:
07-2009
Content Type:
Working Paper
Institution:
International Peace Institute
Abstract:
In late 2008, seventeen states, including the US, UK, China, Iraq, Afghanistan, and others, endorsed the Montreux Document on Pertinent International Legal Obligations and Good Practices for States related to Operations of Private Military and Security Companies during Armed Conflict (2008). This provides important guidance to states in regulating private military and security companies (PMSCs). However, there is a need to do more, to provide increased guidance to the industry and ensure standards are enforced.
Topic:
Security, Globalization, Markets, International Security, and Financial Crisis
Political Geography:
Afghanistan, United States, China, Iraq, and United Kingdom

86. Three Lessons from the Financial Crisis

Author:
John H. Makin
Publication Date:
09-2009
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
More than two years have passed since the U.S. housing bubble burst. That event ushered in a financial crisis that was not only intense but also stunning. So stunning in fact, that in August of last year, just a month before the collapse of Lehman Brothers, the global economy was close to a crisis worthy of comparison with the Great Depression, yet neither the markets nor the Federal Reserve had much of an inkling of what was to come. The Standard and Poor's (S) 500 Index had come down to about 1,300 from its October 2007 high of 1,576. Positive growth had just been reported for the U.S. economy during the second quarter of 2008 at an annual rate of 2.8 percent (later revised down to 1.5 percent). Almost one percentage point of that growth came from U.S. consumption, and government spending also contributed. The wave of relief after the Bear Stearns scare in March 2008 had provided a nice boost to the economy and to markets. That boost was further enhanced by the substantial contribution to growth from net exports (2.9 percentage points) thanks to what was, then, continuing strength in the global economy, especially in China, which had reported blistering 10.1 percent year-over-year growth in the second quarter of 2008. These and other positive components more than offset a drag from inventories and residential investment. In short, the real economy had not shown much evidence of damage emanating from the chaos that was churning in the financial sector.
Topic:
Economics, International Political Economy, International Trade and Finance, Markets, Monetary Policy, and Financial Crisis
Political Geography:
United States and China

87. Beyond Market Forces: Regulating the Global Security Industry

Author:
James Cockayne (ed.)
Publication Date:
07-2009
Content Type:
Book
Institution:
International Peace Institute
Abstract:
In late 2008, seventeen states, including the US, UK, China, Iraq, Afghanistan, and others, endorsed the Montreux Document on Pertinent International Legal Obligations and Good Practices for States related to Operations of Private Military and Security Companies during Armed Conflict (2008). This provides important guidance to states in regulating private military and security companies (PMSCs). However, there is a need to do more, to provide increased guidance to the industry and ensure standards are enforced.
Topic:
Conflict Prevention, Security, and Markets
Political Geography:
Afghanistan, United States, China, and Iraq

88. Regional energy security: An elusive objective?

Author:
Stuart Harris
Publication Date:
08-2008
Content Type:
Working Paper
Institution:
Australian National University Department of International Relations
Abstract:
Energy issues are a central feature of economic and political debate. The debate focuses not only on the growing regional energy demands from China and India, but also on the cyclical and structural factors in the international energy market that are significant and that lead to considerable uncertainties about energy accessibility, prices and supply reliability. For the Asian region, considerations of supply security are increasingly part of global energy security concerns. The global debate about long-term resource availability and supply, particularly of oil and gas, centres on the questions of whether adequate resources will exist to meet growing global demands in the next twenty-plus years, or whether the resources are adequate but will not be brought to market because of underinvestment and related higher costs in the oil and gas industry. Options for alternative supply sources and alternative fuels are, at the same time, becoming constrained by concerns about the impacts on climate change and, in the case of biofuels, on food and feed supplies. Adjustments to the expected continuing increases in energy trend prices will be generally difficult for developed countries, including Australia, but especially so for developing countries including those in Asia.
Topic:
Energy Policy, Markets, and Oil
Political Geography:
China, India, Asia, Australia, and Australia/Pacific

89. From bear to bull? Sub-Saharan Africa and Global Capital Markets

Author:
Sam Jones
Publication Date:
01-2008
Content Type:
Policy Brief
Institution:
Danish Institute for International Studies
Abstract:
The current boom in global commodity prices and the expansion of Chinese interests in sub-Saharan Africa are part of a general warming of external investors to the region. This policy brief examines trends in commercial financial instruments such as equities, bonds and commercial bank lending and their impact on economic development. It reviews the nature and behaviour of these instruments in developing countries compared with more traditional development finance, such as foreign aid. This provides a foundation for analysing past and present trends in sub-Saharan Africa. It is argued that, like many other low income countries in the past, sub-Saharan Africa has received negligible inflows of external commercial financing. If anything, the region has been additionally excluded from these flows due to very weak levels of financial sector development even compared to other low income countries. At the same time, recent changes in global and domestic conditions mean that the situation is evolving rapidly. There is mounting evidence to show that many economies in sub-Saharan Africa are enjoying significantly expanded access to commercial external capital flows. Given good prospects that this trend will continue, the playing field for traditional donors is likely to alter significantly. The brief concludes by reflecting on how donors might respond to these emerging policy challenges.
Topic:
Development, Markets, and Non-Governmental Organization
Political Geography:
Africa and China

90. Breaking the Suicide Pact: U.S.–China Cooperation on Climate Change

Author:
William Chandler
Publication Date:
03-2008
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
The United States and China seemingly remain locked in a climate suicide pact, each arguing the other is the reason for inaction. U.S.–China climate cooperation is urgently needed to avert climate disaster. The current situation of the energy sectors in the United States and China offers a solution. China and the United States can set and cooperate to achieve national goals and implement enforceable measures. If this U.S.– China policy experiment works, China and the United States could develop packages of policies and measures, test them for efficacy, correct them, and share them with other countries.
Topic:
Energy Policy, Environment, Industrial Policy, International Trade and Finance, and Markets
Political Geography:
United States, China, and Asia