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511. Trade in Trouble: How the Asia Pacific Can Step Up and Lead Reforms

Author:
Wendy Cutler, Peter Grey, Kim Jong-Hoon, Mari Pangestu, Yoichi Sozuki, and Tu Xinquan
Publication Date:
05-2019
Content Type:
Working Paper
Institution:
Asia Society Policy Institute
Abstract:
The U.S.-China trade dispute has dominated headlines over the past year, disrupting trade and investment flows and increasing uncertainty at a time when the global economy is already facing headwinds. The conflict has left many countries in the Asia Pacific feeling caught in the crossfire seeking to navigate the tensions without alienating either country. While the World Trade Organization (WTO) would ideally help reduce the frictions, it has not been up to the task. The paralysis at the WTO points to a deeper problem: it’s inability to keep up with the pace of change or address the challenges of new developments in advanced technologies and the digital economy. Simply put, the trade regime is in trouble and in need of reform. At this dynamic and uncertain time in trade, the Asia Society Policy Institute (ASPI) convened a group of leading trade experts and former trade officials from across the Asia Pacific, led by ASPI Vice President Wendy Cutler. In this issue paper, the authors examine the major developments in the international trading system, including the U.S.-China trade dispute, FTA activity in the Asia Pacific, and efforts to reform the WTO. In this challenging environment, the authors find that the Asia Pacific is uniquely well-positioned to lead reforms to get the system back on track. This paper is the latest product of the ASPI initiative, “Building a High Standard and Inclusive Asia-Pacific Trade Architecture.” It builds on the work of two previous reports published in March 2017 and January 2018.
Topic:
Economy, Trade Wars, Trade, and WTO
Political Geography:
China, Asia, North America, and United States of America

512. Advancing the U.S.-Korea Economic Agenda

Author:
Wendy Cutler and Hyemin Lee
Publication Date:
01-2019
Content Type:
Working Paper
Institution:
Asia Society Policy Institute
Abstract:
For nearly 70 years, the United States-Republic of Korea alliance has remained strong, built mainly on shared strategic and national security interests. While the North Korean nuclear threat has long dominated political discussions and media headlines, the economic pillar of the relationship is no less important. With amendments to the U.S.-Korea Free Trade Agreement (KORUS) now in place, it is an opportune time for both countries to look beyond KORUS and expand their bilateral economic engagement to new and evolving areas. This closer cooperation can serve as an engine for growth in a slowing Korean economy, as an opportunity for job creation in the United States, and as a vehicle for jointly writing the rules for the technologies of the Fourth Industrial Revolution. As policymakers in Washington and Seoul look to the future, the Asia Society Policy Institute (ASPI) charts a possible path forward in its newest issue paper, Advancing the U.S.-Korea Economic Agenda. This paper presents a range of concrete actions that the United States and South Korea can take to advance and strengthen their bilateral economic relationship in the areas of trade and investment, energy, digital economy and advanced technologies, infrastructure, and women’s economic empowerment. The recommendations included in this paper are based partly on two roundtables ASPI organized with South Korean and American experts in Seoul in June 2018, with support from the Korea Institute for International Economic Policy, and in Washington, D.C., in October 2018. The ideas are also based on discussions with government officials, business leaders, and think tank experts.
Topic:
National Security, Treaties and Agreements, Bilateral Relations, Alliance, and Trade
Political Geography:
Asia, South Korea, North America, and United States of America

513. A candle in the dark: US national security strategy for artificial intelligence

Author:
Tate Nurkin and Stephen Rodriguez
Publication Date:
12-2019
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
AI is expected to have a transformational impact on the future of geopolitics, defense, and security. The emerging geopolitical and security context influencing the future of AI technology development has been driven by the erosion of traditional geopolitical frameworks, increased conflict between liberalism and authoritarianism, the pervasiveness of social media use and 4IR-driven digitization of industries, as well as the ability of more actors to affect strategic and operational environments. However, the future of AI will depend on the decisions of great power competitors—the US, China and Russia—global trends development, and the management of uncertainties associated with emerging technologies. In this fluctuating environment, where the US is engaged in a high-stakes competition with is near-peer adversaries, and AI is enabling paradigm-shifting changes in public and private sector operations, how should the US respond? In this new Atlantic Council Strategy Paper, A Candle in the Dark: US National Security Strategy for Artificial Intelligence, Tate Nurkin and Stephen Rodriguez provide an integrated strategy to respond to this key issue. According to Former US Secretary of Defense Dr. Ashton B. Carter, author of the foreword, this paper “effectively articulates the current technological landscape and offers a coherent strategic framework for the United States and its allies to harness AI’s upside potential, while mitigating downside risks and defending against emerging threats.” In a world full of uncertainties, this paper provides a holistic way forward for the US to leverage the full potential of AI while maintaining America’s technological competitiveness.
Topic:
Defense Policy, NATO, Intelligence, National Security, Science and Technology, Cybersecurity, Entrepreneurship, Drones, Conflict, and Disinformation
Political Geography:
Russia, China, Eurasia, Asia, North America, and United States of America

514. US-China collaboration on the Internet of Things safety: What next?

Author:
Karl Frederick Rauscher
Publication Date:
12-2019
Content Type:
Special Report
Institution:
Atlantic Council
Abstract:
The Internet of Things describes a future world with pervasive connectivity. While IoT offers a range of humanitarian, commercial, and national security benefits, its pervasive nature has many concerned over its impacts on safety and security in society. A great disservice is done when national security, commercial, and humanitarian interests are conflated. In a new report by the Atlantic Council’s Scowcroft Center for Strategy and Security, Karl Rauscher notes that the world’s two largest powers are at a crossroads with regard to their level and scope of cooperation in continued IoT advances. United States–China Collaboration on the Internet of Things Safety: What’s Next? analyzes possibilities for the United States and China to work together to establish consensus policies and standards to make their societies safer and provide a model for the world.
Topic:
National Security, Power Politics, Cybersecurity, and Internet of Things
Political Geography:
China, Asia, North America, and United States of America

515. Leading the free world: How America benefits

Author:
Paul D. Miller
Publication Date:
12-2019
Content Type:
Special Report
Institution:
Atlantic Council
Abstract:
What is “world order” and why should Americans care? Less than half of all Americans have a passport, and less than five percent travel internationally. Only 26 percent of US gross domestic product (GDP) comes from international trade. Since the end of the Cold War most Americans probably feel safe from foreign threats most of the time: they feel little sense of danger or threat from the world. Even the terrorist attacks of 2001 have receded into memory and increasingly feel like an aberration rather than a precedent. Americans may feel a sense of unease about the world, but we are confident that even the nation’s wars safely take place “over there,” not here at home. If the United States can afford to tune out much of the world because of its geography, wealth, and power, why should we care? Americans have been the unconscious beneficiaries of a world order that would not exist without them. Just as we take for granted electricity and indoor plumbing without thought to the wiring and piping that make them possible, so too we take for granted the peace, prosperity, and stability of our world without thought to the infrastructure of the free world. The free world exists because the most powerful states in the world are open societies: liberal capitalist democracies who largely see the world the same way and have worked together to keep the peace and build wealth. That order is now imperiled. The United States no longer enjoys an unquestioned advantage over its rivals, Russia and China, as it once did. North Korea and Iran threaten the United States with nuclear weapons and support for terrorism. Perhaps most threatening of all: rising nationalist and populist movements around the world, including in the United States, are undermining popular support for international cooperation, free trade, and collective security. This report is about the free world: what it is, why it is imperiled, why Americans should care, and what we can do about it. Some skeptics have criticized the international order. President Donald Trump regularly criticizes “globalism,” and many Americans seem inclined to believe that the United States is losing its sovereignty and that the world is taking advantage of America’s generosity. We respectfully disagree. The free world, and American leadership of it, is good for America and good for the world. It helps keep us safe and give us opportunity. Far from eroding America’s sovereignty, it is a tool of American influence. Most importantly, the aspirations of the free world are just. It is a system of ordered liberty among nations, a tool or mechanism for allowing nations and individuals to flourish in freedom and safety. Investing in the free world is an investment in our values and our common values.
Topic:
Diplomacy, Nationalism, and Politics
Political Geography:
Russia, China, North America, Global Focus, and United States of America

516. US Withdrawal from the Middle East: Perceptions and Reality

Author:
William F. Wechsler
Publication Date:
10-2019
Content Type:
Special Report
Institution:
Atlantic Council
Abstract:
This chapter is part of an edited volume that gathers analysis on the policy choices pursued by Washington and Moscow in the MENA region and develops case studies of the two powers’ policies in the countries beset by major crises
Topic:
Foreign Policy, Armed Forces, Military Affairs, and Crisis Management
Political Geography:
Russia, Eurasia, North America, and United States of America

517. Same Ends but Different Means: Change, Continuity and Moscow’s Middle East Policy

Author:
Mark N. Katz
Publication Date:
10-2019
Content Type:
Special Report
Institution:
Atlantic Council
Abstract:
This chapter is part of an edited volume that gathers analysis on the policy choices pursued by Washington and Moscow in the MENA region and develops case studies of the two powers’ policies in the countries beset by major crises.
Topic:
Foreign Policy, Cold War, and Islamism
Political Geography:
Russia, Eurasia, Middle East, North America, and United States of America

518. Iraqi-Russian Relations amidst US Security-Focused Engagement

Author:
Abbas Kadhim
Publication Date:
10-2019
Content Type:
Special Report
Institution:
Atlantic Council
Abstract:
Iraq has a long and complicated history with the United States, and security and military engagements have been the primary driver of the relationship. Iraq’s relations with Russia, on the other hand, have been more transactional and economically-oriented. At a time when there are signs of US disengagement from the Middle East and North Africa while Russian and Chinese activities in the region are increasing, it is useful to trace the past US and Russian strategies in Iraq and assess how the United States could better tailor its strategy toward Iraq in the future in order to achieve durable outcomes that would bring benefits to both sides such as a responsive government, a thriving economy, and security. This chapter is part of an edited volume that gathers analysis on the policy choices pursued by Washington and Moscow in the MENA region and develops case studies of the two powers’ policies in the countries beset by major crises.
Topic:
Security, Foreign Policy, Defense Policy, and Bilateral Relations
Political Geography:
Russia, Iraq, Eurasia, Middle East, North America, and United States of America

519. The value of the US nuclear power complex to US national security

Author:
Robert F. Ichford and Bart Oosterveld
Publication Date:
10-2019
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
In this analysis, the Atlantic Council has set out to estimate the value that the civilian nuclear power sector contributes to the United States’ national security apparatus. Based on a series of inputs, this analysis and conservative estimation found that the nuclear power complex contributes an equivalent of more than $42.4 billion to US national security, as broadly defined. In other words, the lack of a civilian nuclear sector would present an immediate and significant economic shock (and impact on the labor force)—which, in turn, would have immediate and longer-term budgetary implications for the US government. The definition of national security can be viewed narrowly or more broadly, in terms of both the scope of the institutional assets and providers of national security services and the types of functions or services they undertake. This analysis includes both nuclear utilities and nuclear generators, as well as US military and defense facilities, as providing critical national security functions. The utilities and generators provide secure and reliable electricity, accounting for 19.3 percent of total US electricity generation in 2018, and they contribute significantly to the diversified energy-generation mix that the United States enjoys. There are three main reasons for public support of the civilian nuclear industry for national security purposes, which are identified in the analysis that follows. The reasons are 1. the civilian nuclear industry generates a vast investment in human capital, which is a necessary condition for all applications of nuclear energy in the national security apparatus; 2. the civilian nuclear industry and its associated supply chain provide critical risk mitigation and procurement safety to the national security apparatus; and 3. the civilian nuclear industry’s value to national security priorities related to climate change.
Topic:
Energy Policy, National Security, Nuclear Power, Economy, and Business
Political Geography:
North America and United States of America

520. New risks to global financial stability

Author:
Hung Tran
Publication Date:
10-2019
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The post-2008 financial regulatory reform has strengthened the banking system, bringing the bank-generated liquidity expansion under control. However, central-bank liquidity has been growing significantly for more than a decade, and financial mediation has moved from banks to non-bank financial institutions, and from lending to capital-market transactions. This new system has created new financial imbalances and distortions and pose new areas of vulnerability that require appropriate policy responses. In “New Risks to Global Financial Stability” author Hung Tran, a nonresident senior fellow at the Atlantic Council’s Global Business & Economics program, assesses the global financial system weaknesses and outlines steps to promote financial stability. Tran updates a framework, first developed by the Committee on the Global Financial System, to recommend policy responses along three lines of defense: prevention of excess liquidity; strengthening domestic policy measures; and cooperative provision of central-bank liquidity.
Topic:
Regulation, Finance, Economy, Business, and Macroeconomics
Political Geography:
Canada, North America, and United States of America