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361. Benefits and Burdens: The Politically Dominated Economics of U.S. Alliances with Japan and Korea

Author:
Charles Wolf and Michele Zanini
Publication Date:
04-1998
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Alliances are organizations between or among independent entities that concert to produce “collective goods” for the mutual benefit of alliance members. The statement applies whether the alliances are between or among countries, corporations, universities, research centers, or other institutions. Of course, the nature of the collective goods, as well as the membership in the collectivity, differs across these cases. That the goods (or benefits) are “collective” means that their availability to one alliance member (or their production by any member) implies their availability to the other members of the alliance.
Topic:
International Relations, Security, Defense Policy, and Economics
Political Geography:
United States, Japan, Israel, East Asia, and Korea

362. The Costs and Benefits of Korean Unification

Author:
Marcus Noland, Sherman Robinson, and Li-gang Liu
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Existing estimates of the costs of unification are inadequate for a number of reasons. In this paper we use a dynamic computable general equilibrium model to calculate South Korean and total peninsular income streams under a variety of unification (and non–unification) scenarios. We find that there are scenarios in which the present discounted value of South Korean income is higher with unification than without it. Although lower income groups in South Korea experience reduced incomes under this scenario, with redistribution of the gains, everyone can be made better off. Indeed, this scenario, which involves relatively low levels of South Korean private investment in the North together with relatively high levels of North–South migration, is also the one which generates the highest level of total peninsular income as well. The latter point is critical in that it suggests that there is no necessary conflict between the economic interests of North and South Koreans after unification.
Topic:
Security, Economics, International Organization, and Political Economy
Political Geography:
Israel, East Asia, and Korea

363. Integration on the Basis of Strength: China's Impact on East Asian Security

Author:
Wu Xinbo
Publication Date:
02-1998
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
China is perhaps the most important variable in East Asian security, not only because of its growing power but also because of the great uncertainty over its future. Therefore, to assess China's impact on regional security, one question should be tackled first: what will China look like in the future? There are three different schools of thought concerning China's future: the “implosion" school holds that China, unable to cope with a wide array of social, economic, and political challenges created by its rapid economic growth, will follow in the footsteps of the former Soviet Union and “implode" the “expansion" school argues that as China gradually builds up its material strength, Beijing will wield its weight and seek to establish hegemony in the region; and the “integration" school believes that as China's economy further merges with the world economy, Beijing's internal and external behaviors will slowly but inevitably conform to international norms, and China will become a more responsible and more cooperative member of the world community.
Topic:
International Relations, Security, and Defense Policy
Political Geography:
China, Israel, Beijing, East Asia, Asia, and Soviet Union

364. Energy and Security in East Asia

Author:
Michael May
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
This study examines the likely security consequences of the continued growth in energy consumption in East Asia, and in particular: The dimensions of that growth which are likely to have an effect on international security. The dependencies and insecurities created by that continued growth. The policy guidance that can be derived for the United States from a review of those dependencies and insecurities.
Topic:
Security, Economics, Energy Policy, and International Political Economy
Political Geography:
Israel and East Asia

365. The Tests of War and the Strains of Peace

Author:
Harold Brown, Bruce Stokes, Richard L. Armitage, and James J. Shinn
Publication Date:
04-1998
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The U.S.-Japan security relationship is far too important to peace and stability in Asia to allow it to simply wither away or to be destroyed by a crisis. But the relationship is not sustainable in the form that served it so well during the Cold War. To weather both the "tests of war" and the "strains of peace," the alliance must be strengthened by adapting to the new realities and security challenges of the 21st century. The revision of the U.S.-Japan Guidelines for Defense Cooperation, announced September 23, 1997, was an important step in that direction. But the Japanese Diet must still pass laws implementing these changes. More broadly, Japan must: make the case directly and convincingly to the Japanese public that closer security ties with the United States are in Japan's self interest; agree to engage in explicit defense cooperation so that Japanese forces can be "planned in" rather than "planned out" of U.S. military operations in a range of Asian regional contingencies; engage in a serious dialogue with the United States on long term weapons acquisition plans, including some commitment by Japan to Theater Missile Defense. For its part, the United States must: convince the American public and the Congress that a continued security relationship with Japan is essential to the United States; increase the flexibility of the Pentagon regarding the basing of its troops in Asia, including its forces in Japan, and especially in Okinawa; clearly commit to keep the Japanese security alliance as America's premier security relationship in Asia. And both nations need to: cooperate more closely in gathering and sharing intelligence; coordinate more actively on nuclear nonproliferation and counterterrorism activities; enhance mutual political consultation so that in a crisis Japan shares more authority in as well as responsibility for the alliance. These changes should be implemented at a deliberate pace with a careful eye to the political climate and the art of the possible in Washington, Tokyo, and other Asian capitals. Only in this way can the U.S.-Japan security relationship be adapted to the challenges that lie ahead.
Topic:
Security
Political Geography:
United States, Japan, and East Asia

366. The Principles of Korea's Economic Reform

Author:
Jong-Keun You
Publication Date:
04-1998
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Ladies and gentlemen, and distinguished guests! I am greatly honored to speak to you about Korea's economic reform. In the resolution of any financial crisis, including the current crisis in Korea, we need the concerted effort of the international community. Your presence here signals a growing awareness of it. Indeed, without support from the U.S. and the international community, Korea would not have been able to achieve the visible progress towards economic recovery that you have witnessed since last December.
Topic:
Emerging Markets
Political Geography:
United States, East Asia, and Korea

367. Rise and Fall: East–West Synchronicity and Indic Exceptionalism Reexamined

Author:
Christopher Chase-Dunn, Thomas D. Hall, and Susan Manning
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
International Studies Association
Abstract:
All world–systems with at least a chiefdom level of political organization exhibit a pattern of the rise and fall of large polities. Among chiefdoms this pattern has been referred to as "cycling". In state–based systems it is known as the rise and fall of empires. And in the modern system it is called the "power cycle" or the "hegemonic sequence." This paper reexamines the question of synchronicities of rise and fall in systems linked only by very long distance prestige goods trade. Earlier research found that increases and decreases in the territorial sizes of empires and the population sizes of cities were highly correlated in East Asia and West Asia/Mediterranean regions from about 600 BCE to 1500 CE. Though data were somewhat scarce for South Asia, it appeared that Indic civilization did not rise and fall in tandem with the East and the West. In this paper we report an improved test of the synchronicity of empire sizes and the different pattern found in India
Topic:
Government
Political Geography:
South Asia and East Asia

368. Japan's Preference toward Bilateral Dispute Settlement Mechanisms with the United States

Author:
Young Jong Choi
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
International Studies Association
Abstract:
Japan's preference toward regional institutions has received a great attention in recent years in relation to the development of regional institutions in Asia (exclusively East Asia) and the Pacific (the broader Asia-Pacific region). Japan's policy toward Asia and the Pacific has often been characterized by "hegemonic defection" and Japan as a "reactive state". The former indicates the absence of Japan's leadership in regional institution building (Mack and Ravenhill 1995: 8). The latter portrays Japan as incapable of pursuing pro-active policies in regional affairs because of its consensus-oriented culture, historical legacy of colonialism, domestic political gridlock and most of all extreme dependence upon the U.S. security umbrella (Calder 1988; Hellmann 1988; Pyle 1992; Curtis 1993).
Topic:
Diplomacy
Political Geography:
United States, Japan, East Asia, and Asia

369. The Economic Crisis of South Korea and Its Political Impact

Author:
Hang Yul Rhee
Publication Date:
09-1998
Content Type:
Journal Article
Journal:
International Journal of Korean Studies
Institution:
International Council on Korean Studies
Abstract:
The spectacular performance, until recently, of East Asia's emerging economies, popularly known as the Asian tigers, has fueled wild speculation in the West about the so-called "Asian Century." "Never before in world history," noted the Economist in March 1997, "has any region sustained such rapid growth for so long." The GDP per capita of Taiwan ($13,200) and South Korea ($11,900) were already impressive enough in 1997 to place them at the gate of the advanced industrialized nations of the world. Japan, of course, has long been an acknowledged super-economy, often said to have led the flock of economic "flying geese" before they turned into what Chung-In Moon ten years ago called the "swarming sparrows" in Asia. Then suddenly last summer, seemingly as if from the blue, came the financial crisis in Pacific Asia. In reality, however, it followed what had been a decade-long period of sclerosis in the Japanese economy.
Political Geography:
Japan, East Asia, Asia, and South Korea

370. Collective Management of International Financial Crises

Author:
Saori N. Katada
Publication Date:
07-1998
Content Type:
Working Paper
Institution:
Center for International Studies, University of Southern California
Abstract:
The world has experienced many financial crises. Despite numerous research and policy efforts in prevention to present them at of large scale, the global economy has not seen economists' (and investors') Nirvana of financial globalization without the occasional crises. On the contrary, the increasing dynamism and changing nature of financial flows across national borders seem to have created a larger number of new problems for creditors, debtors and international financial institutions. That has typically been true for middle income countries in Latin America and Asia and, very recently, in Eastern Europe, which have been integrated into the international financial system. During the two decades between the late 1970s and the late 1990s, three major sets of financial crises originated from those middle income countries, intensifying concerns for international financial stability.
Topic:
Economics, Globalization, International Political Economy, and International Trade and Finance
Political Geography:
Europe, Israel, East Asia, Latin America, Central America, and North America