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3091. China's Foreign Economic Relations

Author:
K.C. Fung and Lawrence Lau
Publication Date:
05-1997
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
China's presence in the world economy continues to grow and deepen. The foreign sector of China plays an important and multifaceted role in the country's economic development. At the same time, China's expanded role in the world economy is beneficial to all its trading partners. Regions that trade with China benefit from cheaper and more varied imported consumer goods, raw materials, and intermediate products. China also provides a large and growing export market. While the entry of any major trading nation in the global trading system can create a process of adjustment, the outcome is fundamentally a win-win situation. It is a simple but powerful lesson from economics that freer international trade and investments benefit all parties concerned.
Topic:
International Relations, International Political Economy, and International Trade and Finance
Political Geography:
China and Asia

3092. Speeches and Transcripts: 1997

Author:
Frederick Z. Brown, William Clinton, Jiang Zemin, and William Itoh
Publication Date:
01-1997
Content Type:
Working Paper
Institution:
Asia Society
Abstract:
Next week, when President Jiang Zemin comes to Washington, it will be the first state visit by a Chinese leader to the United States for more than a decade. The visit gives us the opportunity and the responsibility to chart a course for the future that is more positive and more stable and, hopefully, more productive than our relations have been for the last few years.
Topic:
International Relations
Political Geography:
United States, China, New York, Asia, and Southeast Asia

3093. Mock National Security Council Meeting on the U.S.-China Summit

Publication Date:
10-1997
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Dr. LESLIE H. GELB (President, Council on Foreign Relations): Good evening. Welcome, members of the Council on Foreign Relations. Welcome, members of the Council on Foreign Relations Corporate Program and special guests, and our C-SPAN audience. We're here tonight to discuss and explore the substantive issues in the United States-Chinese relationship that will arise in the upcoming summit meeting between Chinese President Jiang Zemin and U.S. President Bill Clinton.
Topic:
Foreign Policy and Diplomacy
Political Geography:
United States, China, and Asia

3094. Secretary of the Treasury Robert E. Rubin Address before the Council on Foreign Relations

Author:
Robert Rubin
Publication Date:
10-1997
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
What I would like to do is use our time together this morning to discuss the importance of prosperity and growth in Asia to our own economic well-being and to discuss the challenges and opportunities in our relationship with China--subjects that are on a great many minds because of the recent financial instability in Southeast Asia and China's President Jiang Zemin's landmark visit to the United States.
Topic:
Emerging Markets and International Political Economy
Political Geography:
United States, China, East Asia, and Southeast Asia

3095. Policy Impact Panel China and the United States: Strategic Partners or Adversaries?

Publication Date:
06-1997
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Dr. LESLIE GELB (President, Council on Foreign Relations): Welcome to today's program on the United States and China: Strategic Partners or Adversaries? My name is Les Gelb. I'm President of the Council on Foreign Relations. And the Council, along with the National Committee on U.S.-China Relations, has put together this panel because we think it's dealing with one of the most important, if not the most important, foreign policy question facing the United States. These Policy Impact Panels, as we call them, are designed to do two things. One, try to establish facts in a very complicated situation, because often we spend a lot of time wondering what the facts are or if they can be established. The second purpose is to lay out the policy alternatives, to give us a sense of what we can do about the problems or the facts.
Topic:
Security and Foreign Policy
Political Geography:
United States, China, and Asia

3096. U.S. Trade Negotiations: Lessons Learned, Lessons Applied

Author:
Mickey Kantor
Publication Date:
11-1997
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The challenges of the era of interdependence will constitute the greatest foreign policy test of the 21st century. The war over globalization and interdependence is at an end. Only the battles are yet to be fought. Those who cower behind walls of fear and fail to accept responsibility do so at their own peril, and will not turn containment into engagement, or mutual assured destruction into mutual assured prosperity. The approach of the new millennium finds us at the intersection of three epochal events: in politics, the end of the Cold War; in economics, the emergence of a global economy; and in technology, the rise of the Information Age. The intersection of economics, strategic issues, and political concerns is creating the glue which will bind together an updated U.S. foreign policy. Vast opportunities lie before us, and more than a few pitfalls. We face fewer serious military threats but an increasing number of competitors. The rise of competition, the need to create new opportunities, and the confluence of major economic and political changes create a need to intensely focus on U.S. priorities and goals. Despite this urgency, we have yet to fully articulate a foreign policy that matches the era in which we now live, especially the appropriate role of international economics. We need to direct our focus toward the lessons we have learned over the past five years. Seekers of universal truths or simple catch phrases should prepare in advance for disappointment. U.S. leadership in both the public and private sectors must accept the challenges represented by these enormous changes. Our willingness to take responsibility, clearly define our goals, and recognize our limitations but pursue U.S. leadership at every opportunity will dictate the success or failure of promoting a stronger United States and a less dangerous world. The goals and objectives are clear: U.S. leadership must pursue peace, stability, economic progress, basic human rights, and sustainable development. In order to address these goals we need to create foreign-policy tools and institutions that are pragmatic, practical, and resilient reflecting the speed with which events, opportunities, and challenges now confront us as a nation. There is no question that global economics has fundamentally changed the nature of foreign policy. Today, economics and foreign policy are no longer separable, and economic security and national security have become synonymous. We live in an interdependent, globalized world. No longer are we self-contained, nor is it in our interest to be so. We can no longer take for granted our global economic dominance and turn our back on foreign markets. It is self-defeating in the short run and impossible in the long run to ignore the problems which occur across the border or across the world, and we cannot overlook our responsibility as the world's remaining superpower. Driven by technological change, freed of Cold War conflicts and connected by economic and strategic interests, the era of interdependence demands negotiation, engagement, and leadership. Interdependence dictates that our foreign policy and economic future are increasingly connected to international trade. Interdependence dictates that terrorism, weapons proliferation, environmental concerns, the drug trade, and economic opportunity are now cross-border issues. These issues profoundly affect the everyday lives of people around the globe. Cross-border issues directly influence policies, laws, and regulations of the countries in question, raising issues such as the rule of and respect for law, regulation and deregulation, privatization, and other concerns heretofore thought to be strictly internal. This new era requires a redefinition of global leadership. Being the only remaining superpower does not simply mean that we are the strongest military power, nor does it mean only that we are the most economically competitive nation on earth. Both of those statements are true, of course. But holding the position of the world's only remaining superpower in the era of interdependence means that we have the opportunity to take advantage of the vast economic potential which is being created around the globe to the benefit of all Americans, and we have a corresponding obligation to rally other nations to pursue common long-term interests, such as strategic and political stability, economic progress, and sustainable development. There are other examples which support the notion of new multidimensional international relations. Brazil has dramatically increased its international standing and influence using its potential economic strategic position. During the Cold War and prior to the dramatic growth of economic power and industrialization, Brazil's strategic position would have been defined and dictated by its ability or inability to have an influence over strategic and political issues especially those concerning East-West relations. But today, and in the foreseeable future, not only do countries increase their influence based on economic potential and achievement, but economic considerations and relationships tend to bring entities together which in other circumstances could not or would not cooperate. The recent Middle East Economic Conferences and the participation of China, Taiwan, and Hong Kong in the Asia-Pacific Economic Cooperation (APEC) are obvious examples.
Topic:
Foreign Policy, Cold War, Diplomacy, and Political Economy
Political Geography:
United States, China, America, Taiwan, Asia, Brazil, and Democratic Republic of the Congo

3097. Responses to Prediction and the Middle East Peace Process

Author:
Rick Hermann
Publication Date:
02-1997
Content Type:
Working Paper
Abstract:
My first cut at the hierarchy of driving forces ranks Israeli-Palestinian bilateral factors as the most important and regional and global factors as secondary. Competition between global powers (USA, Russia, China) is currently not intense. None of them see the bilateral Israeli-Palestinian conflict as instrumentally critical to their broader strategic competition with each other. None see their security as centrally tied to this conflict, and, consequently, while interested not even the United States will commit enough resources at this point to overturn the forces driving the bilateral bargain. Competition among regional states is substantial, but the conflicts that do not involve Israel do not involve states powerful enough to project their competition into the Israeli-Palestinian conflict. For example, Iranian v. Turkish, or Iranian v. Saudi Arabian, or Syrian v. Iraq, or India v. Pakistan might tangentially connect to the Israeli-Palestinian conflict, mostly in the realm of rhetoric and symbol manipulation. None of these states, however, are strong enough to see the Israeli-Palestinian conflict as an instrumental regional manifestation of their broader strategic conflict. The primary determinants of the Israeli-Palestinian negotiation process in the short-term are the conflicting ambitions and calculations made by Israelis and Palestinians. Forces at the global and regional level will affect these bargaining calculations, (affecting both relative coercive leverage and positive reassurance) but they will not impose additional sources of conflict. My examination of global and regional forces, will follow my construction of the primary bilateral dynamic. I do not think global and regional factors will upset the short-term prediction I will make for the bilateral Palestinian-Israeli relationship. They may play a big role in shaping longer-term predictions.
Political Geography:
Russia, China, Iraq, Middle East, Israel, and Syria

3098. APEC beyond Economics: The Politics of APEC

Author:
Brian L. Job and Frank Langdon
Publication Date:
10-1997
Content Type:
Working Paper
Institution:
Kellogg Institute for International Studies
Abstract:
This paper deals with the history, formation, and objectives of APEC. It describes the tensions between the Anglo-Saxon and the East Asian APEC members and the clashes of interests between the large and small and developed and less developed nations, which show how precarious the formation of APEC was. Within the short term APEC does not seem destined to become an overarching regional, political, security, and economic institution. Indeed, certain forces within the region, such as increased arms acquisitions in some states, friction arising over trade disputes, protectionism, and investment flows, and tension between China and Taiwan, could hinder the objectives of the organization. It remains possible that the very process of finding common ground through APEC may contribute more to fostering community and to ensuring security in the region than the proposals actually agreed upon by all member nations.
Topic:
Economics and International Organization
Political Geography:
China and Europe

3099. Building China's Information Technology Industry

Author:
Stephen S. Cohen and Michael Borrus
Publication Date:
11-1997
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
At the October 29, 1997, summit meeting between President Jiang Zemin of the People's Republic of China ("China") and President Bill Clinton of the United States, President Jiang announced his government's commitment to join the Information Technology Agreement ("ITA") and thereby eliminate China's tariffs on semiconductors, computers and other information technology products. President Jiang also agreed that, in the context of the negotiations concerning China's accession to the World Trade Organization ("WTO"), China would make further substantial tariff reductions.
Topic:
Science and Technology
Political Geography:
United States, China, and Asia

3100. Partners for the China Circle?: The Asian Production Networks of Japanese Electronics Firms

Author:
Dieter Ernst
Publication Date:
01-1997
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
The "China fever" that has raged through the Japanese industry over the last few years, has drastically changed the locational patterns of Japanese investment within East Asia. The share of China in the investment of Japanese electronics firms abroad has increased by leaps and bounds: from the measly 0.6% of 1990 ( the year after the Tianmen massacre), it has now reached almost 7%, catching up fast with the 7.7% share of ASEAN.
Topic:
Industrial Policy and International Trade and Finance
Political Geography:
Japan, China, Israel, East Asia, and Asia