Search

Begin New Search Topic Trade Political Geography United States of America

131. Stronger Together: A Strategy to Revitalize Transatlantic Power

Author:
Cathryn Clüver Ashbrook, Daniela Schwarzer, Christian Mölling, and Sophia Becker
Publication Date:
12-2020
Content Type:
Special Report
Institution:
German Council on Foreign Relations (DGAP)
Abstract:
The Harvard Kennedy School (HKS) and the German Council on Foreign Relations (DGAP) convened a strategy group of experts and former government officials from the United States and Europe over the past year to discuss the crisis in the transatlantic relationship and to propose a strategy to revive and strengthen it.
Topic:
Security, Foreign Policy, Economics, Energy Policy, Government, Science and Technology, Partnerships, Democracy, Trade, and Transatlantic Relations
Political Geography:
Russia, China, Europe, Middle East, North Africa, North America, and United States of America

132. A Search for Independence in President Duterte’s Foreign Policy

Author:
Denise Layla P. Miram
Publication Date:
12-2020
Content Type:
Special Report
Institution:
East-West Center
Abstract:
The Duterte administraƟon’s move toward favoring non‐tradiƟonal partners above other equally valuable— and perhaps more beneficial—trade and development partners, such as the United States and the European Union, has significantly changed the direcƟon of the country’s foreign policy and impacted its naƟonal security. While the government maintains that it is pursuing an “independent foreign policy”, many experts have criƟcized the administraƟon’s supposed strategy for its lack of clarity and posiƟon. In the absence of clear guidelines and a well‐defined vision, the administraƟon has merely pivoted away from one superpower, its treaty ally in the US, to global superpowers China and Russia.
Topic:
Foreign Policy, Foreign Direct Investment, European Union, Trade, and Rodrigo Duterte
Political Geography:
Russia, China, Philippines, Asia-Pacific, and United States of America

133. The U.S.–China Trade Imbalance and the Theory of Free Trade: Debunking the Currency Manipulation Argument

Author:
Anwar Shaikh and Isabella Weber
Publication Date:
03-2020
Content Type:
Working Paper
Institution:
Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:
The U.S.–China trade imbalance is commonly attributed to a Chinese policy of currency manipulation. However, empirical studies failed to reach consensus on the RMB misalignment. We argue that this is not a consequence of poor measurement but of theory. At the most abstract level the conventional principle of comparative cost advantage suggests real exchange rates will adjust so as to balance trade. Therefore, the persistence of trade imbalances tends to be interpreted as arising from currency manipulation facilitated by foreign exchange interventions. By way of contrast, the absolute cost theory explains trade imbalances as the outcome of free trade among nations that have unequal real costs. We argue that a disparity in real costs is the root cause of the U.S.–China trade imbalance.
Topic:
Exchange Rate Policy, Free Trade, Trade, and Purchasing Power
Political Geography:
China, Asia, North America, and United States of America

134. Making U.S. Foreign Policy Work Better for the Middle Class

Author:
Salman Ahmed, Wendy Cutler, Rozlyn Engel, David Gordon, Jennifer Harris, Douglas Lute, Daniel M. Price, Christopher Smart, Jake Sullivan, Ashley J. Tellis, and Tom Wyler
Publication Date:
09-2020
Content Type:
Special Report
Institution:
Carnegie Endowment for International Peace
Abstract:
If there ever was a truism among the U.S. foreign policy community—across parties, administrations, and ideologies—it is that the United States must be strong at home to be strong abroad. Hawks and doves and isolationists and neoconservatives alike all agree that a critical pillar of U.S. power lies in its middle class—its dynamism, its productivity, its political and economic participation, and, most importantly, its magnetic promise of progress and possibility to the rest of the world. And yet, after three decades of U.S. primacy on the world stage, America’s middle class finds itself in a precarious state. The economic challenges presented by globalization, technological change, financial imbalances, and fiscal strains have gone largely unmet. And that was before the novel coronavirus plunged the country into the worst economic crisis since the Great Depression, exposed and exacerbated deep inequities across American society, led long-simmering tensions over racial injustice to boil over, and launched a level of societal unrest that the United States has not seen since the height of the civil rights movement.
Topic:
Foreign Policy, Economy, Class, and Trade
Political Geography:
North America and United States of America

135. Economic Challenges for Belarus

Author:
Anna Maria Dyner
Publication Date:
03-2020
Content Type:
Special Report
Institution:
The Polish Institute of International Affairs
Abstract:
Overdependence on cheap Russian energy resources, the COVID-19 pandemic, and a lack of reform are the biggest challenges that could lead to the collapse of the Belarusian economy. Russia may use economic problems to make Belarus more dependent on it. Poland, other EU countries and the U.S. can support the Belarusian authorities in diversifying sources of crude oil supplies, negotiations on joining the World Trade Organisation, and possible efforts to obtain a loan from the International Monetary Fund.
Topic:
Debt, Economy, Crisis Management, Trade, and COVID-19
Political Geography:
Russia, Eurasia, Poland, Belarus, and United States of America

136. Economic Diplomacy in the 21st Century: Principles and Challenges

Author:
Linda Yueh
Publication Date:
08-2020
Content Type:
Working Paper
Institution:
LSE IDEAS
Abstract:
Economic diplomacy in the 21st century will face a different set of challenges stemming from the changed global economy, US-China tensions, as well as a backlash against globalisation, among others. Therefore, the conduct of economic diplomacy, i.e., how a country manages its foreign economic relations including trade and investment, must adapt. The framework for economic diplomacy should seek to balance commercial openness with strategic foreign policy aims, broadly defined. It should situate a country within the 21st century global economy with its new drivers, promote a rules-based system in order to mitigate Great Power tensions, and recognise that all foreign economic policy is ultimately also domestic. There is no one general approach but there are several principles, each with their own challenges, for governments to consider, which is set out in this Strategic Update.
Topic:
Foreign Policy, Investment, Trade, and Economic Diplomacy
Political Geography:
China, Asia, North America, and United States of America

137. Britain's No-Deal Debacle? The Costs at Home and Likely Setbacks Abroad

Author:
John Ryan
Publication Date:
10-2020
Content Type:
Working Paper
Institution:
LSE IDEAS
Abstract:
For much of the past four years, and increasingly in the past few months, the United Kingdom has drifted in the direction of a No-Deal Brexit. In this Strategic Update, John Ryan explores the economic and political consequences for the United Kingdom of such a situation, as well as the domestic factors in Ireland and the United States that may provide unanticipated problems for the Johnson government.
Topic:
Economics, Government, Politics, Brexit, and Trade
Political Geography:
Britain, United Kingdom, Europe, Ireland, and United States of America

138. The Embrace Between a Russian Bear and the Panda Bear. An Emerging Sino-Russian Axis

Author:
Jens Bastian
Publication Date:
06-2019
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
During a three-day official visit to Moscow in June 2019 the Chinese President Xi Jinping described Russia’s Vladimir Putin as his “best friend”. While China-US relations are deteriorating over bitter trade disputes, the imposition of tit-for-tat tariffs and intellectual property rights, the Sino-Russian partnership is evolving and deepening in areas such as security and defense, bilateral energy cooperation as well as the Kremlin’s expanding participation in China’s Belt and Road Initiative (BRI). Both Beijing and Moscow are building an alliance shaped by shared grievances and based on mutual strategic convenience. Against this background the following report argues that the strategic realignment underway between the Kremlin and Beijing is not one of equal partners. Status matters between the leadership of both countries. Moscow cannot compete with China’s sweeping investment efforts and infrastructure projects in the context of the BRI. What is increasingly emerging in this relationship is a junior role for Moscow and senior status for Beijing. The trade balance is heavily tilted in China’s favor. Chinese banks are key lenders to Russia. The energy cooperation is defined by China being able to command prices from Russia below market rates. Most importantly, China’s BRI is a multi-decade vision, spacing continents and backed up by sheer unlimited financial resources which Russia cannot even contemplate to match. With Russia and China strengthening their cooperation across policy fields, individual countries and sub-regions in continental Europe are faced with new and challenging strategic choices. As Moscow consolidates its economic footprint in Serbia and Montenegro, Beijing expands its presence across Central and Eastern Europe in the context of the 17+1 network. Policy makers are thus faced with daunting options. Some see Beijing as the more promising alternative, while others are tempted to seeking accommodation with both Russia and China.
Topic:
Security, International Cooperation, Bilateral Relations, Belt and Road Initiative (BRI), Trade, and Strategic Interests
Political Geography:
Russia, China, and United States of America

139. US-China Trade Tensions: Impact on Mexico | Estados Unidos-China Tensiones Comerciales: Impacto en Mexico

Author:
COMEXI
Publication Date:
06-2019
Content Type:
Working Paper
Institution:
Mexican Council on Foreign Relations (COMEXI)
Abstract:
For the mid- or long-term, no country in the world—and much less Mexico—benefits from a strained environment in which there is no adherence to international trade rules. However, for the short-term, a strained trade environment produces adjustments to the supply chains, which could benefit competitors of those economies that are currently in conflict. Mexico, the second supplier of the United States only behind China, could reassert its position as a credible competitor of the Asian economy in the US. Likewise, in the context of trade friction, or even just the threat of a conflict, Mexico could strengthen its trade positioning in China by replacing part of the US offering. /// En el mediano o largo plazo, a ningún país del mundo, y menos a México, le conviene que exista un clima de tensiones donde no se respeten las reglas del comercio internacional. Ahora bien, en el corto plazo, el clima de tensiones comerciales genera ajustes en las cadenas de suministro, lo cual puede beneficiar a los competidores de las economías en conflicto. México, el segundo proveedor de Estados Unidos sólo después de China, puede reafirmar su posición como competidor creíble de la economía asiática en Estados Unidos, así como fortalecer su posición comercial en China, al sustituir parte de la oferta estadounidense, en un contexto de fricciones comerciales o su amenaza.
Topic:
Foreign Policy, Economy, Economic Growth, Trade Wars, Exports, and Trade
Political Geography:
China, Mexico, and United States of America

140. Economic Dominance, Financial Technology, and the Future of U.S. Economic Coercion

Author:
Peter Harrell and Elizabeth Rosenberg
Publication Date:
04-2019
Content Type:
Special Report
Institution:
Center for a New American Security (CNAS)
Abstract:
Coercive economic measures, such as sanctions, investment restrictions, trade controls, and tariffs, have become an increasingly important tool of U.S. foreign policy in recent years. Recent years have witnessed a strengthening of U.S. coercive economic measures, which are likely to remain powerful in the near and medium term. Over the longer term, purely commercial factors are likely to support continued U.S. coercive economic power. However, choices by both U.S. policymakers and foreign governments will be the primary determinant of whether coercive economic measures remain powerful tools of U.S. foreign policy over the longer term. Shifts in the nature of U.S. coercive economic power could prompt some shifts in the balance and nature of the type of coercive economic measures the United States deploys.
Topic:
Foreign Policy, Economics, Science and Technology, Tariffs, and Trade
Political Geography:
North America and United States of America