Search

Begin New Search Political Geography United States of America

161. What the World Health Organization must do to earn back US support

Author:
Danielle Pletka and Brett D. Schaefer
Publication Date:
08-2020
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
In a pandemic, a global health organization that is overly deferential to one nation and incapable of being an honest broker costs the very lives it exists to save. While China deserves primary blame for the devastation of COVID-19, the WHO also played a key role by failing to alert the world to Beijing’s lack of transparency. The WHO’s failures cannot be allowed to recur. Without change, it will fail again. It must implement reforms if it wants to restore confidence and earn US support.
Topic:
International Cooperation, World Health Organization, Coronavirus, and COVID-19
Political Geography:
China, North America, Global Focus, and United States of America

162. Vicious cycles: How disruptive states and extremist movements fill power vacuums and fuel each other

Author:
Emily Estelle
Publication Date:
08-2020
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Great-power competition and the terrorist threat intersect and interact with one another in Africa and the Middle East. US disengagement from these regions to prepare for great-power competition in other theaters will increase a growing vacuum that is drawing more regional and global actors—states and non-state extremist groups—into a series of vicious cycles that will pose grave threats to American national security in the coming decades. Breaking the vicious cycle will require the US and its allies to separate the Libyan and Syrian conflicts and disentangle and discourage proxy conflict by external players while supporting the development of responsive governance in the two countries. Preventing similar crises will require a proactive strategy to seal off localized conflicts and prevent them from becoming larger competitions between external players while taking action to improve governmental responsiveness in at-risk areas.
Topic:
Foreign Policy, National Security, Power Politics, Violent Extremism, and Strategic Competition
Political Geography:
Africa, Middle East, North America, and United States of America

163. Partial decoupling from China: A brief guide

Author:
Derek Scissors
Publication Date:
07-2020
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Partial decoupling from China is overdue. The People’s Republic of China (PRC) suppresses foreign competition and infringes intellectual property. It is an ugly dictatorship at home and increasingly aggressive overseas. Decoupling involves a range of tools and economic activities. Policymakers should quickly move to document and respond to Chinese subsidies, implement already legislated export control reform, monitor and possibly regulate outbound investment, and provide legal authority to move or keep supply chains out of the PRC. Decoupling has costs—higher prices, lower returns on investment, and lost sales. But they are dwarfed by the costs of continued Chinese economic predation and the empowerment of the Communist Party.
Topic:
Foreign Policy, Defense Policy, and Bilateral Relations
Political Geography:
China, Asia, North America, and United States of America

164. China’s global investment vanishes under COVID-19

Author:
Derek Scissors
Publication Date:
07-2020
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
As expected given COVID-19, China’s construction and, especially, investment around the world plunged in the first half of 2020. The decline may be exaggerated by Chinese firms not wanting to report global activity, but Beijing’s happy numbers are not credible. From what little can be discerned, the Belt and Road Initiative is becoming more important, primarily because rich countries are more hostile to Chinese entities. American policy needs to shift. Incoming Chinese investment is now extremely small, but technology is still being lost due to lack of implementation of export controls. Growing American portfolio investment in China is unmonitored and may support technology thieves, human rights abusers, and other bad actors.
Topic:
Foreign Policy, Investment, and COVID-19
Political Geography:
China, Asia, North America, and United States of America

165. Culture and dynamism in cities

Author:
Aaron M. Renn
Publication Date:
02-2020
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The culture of particular places, often developed and cast into institutional form during their founding period, affects their economy in important and understudied ways. Case studies suggest several cultural traits can potentially help places be more economically successful over the long term: (1) open civic networks, which help places better adapt to change; (2) investment in civic leadership and institution building by local elites; and (3) an emphasis on education and rewarding excellence. Civic culture is difficult to change. Doing so requires first acquiring a deep understanding of it and then focusing on the most addressable areas for change, such as incubating new relationships and connections between different actors in the community.
Topic:
Civil Society, Poverty, Culture, and Cities
Political Geography:
North America, Global Focus, and United States of America

166. The cost of cargo preference for international food aid programs

Author:
Vincent H. Smith
Publication Date:
03-2020
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The federal government annually appropriates funds for food aid programs that the US Agency for International Development manages to benefit some of the neediest individuals in the world. This report analyzes how one interest group, the US maritime industry, has managed to obtain rents from the Title II food aid program through cargo preference requirements in the name of national security. We find that removing cargo preference requirements would allow for between $36 and $64 million of already appropriated funds to go to feeding the hungry and would benefit US soft power globally.
Topic:
Maritime, USAID, Mercantile Policy, and Food Assistance
Political Geography:
North America, Global Focus, and United States of America

167. The cross-border impacts of China’s official rate shocks on stock returns of Chinese concepts shares listed on U.S. market

Author:
Dong Weijia
Publication Date:
02-2020
Content Type:
Working Paper
Abstract:
This paper examines a new cross-border effect of an emerging country’s interest rate changes on the stock returns of its domestic firms listed overseas. First, we discover that the increase in China’s official interest rate greatly affects the NYSE-listed Chinese stocks, thereby suggesting that similar to Chinese domestic investors, the institutional investors in a mature market sometimes exhibit irrational sentiment driven by an emerging economy’s unexpected monetary policy shocks. Second, we highlight some novel asymmetric impacts of China’s official rate changes on Chinese concepts stock prices and reveal that these effects differ from the conventional nonlinear effects of monetary policies. For instance, a bull and bear regime has no statistically significant asymmetric effect on NYSE, whereas interest rate rise has different cross-border impact on Nasdaq and NYSE markets. These interesting findings are mainly driven by the smart investors in the U.S. stock market who are knowledgeable about the differences between NYSE- and Nasdaq-listed stocks and carefully analyze the different impacts of China’s official interest rate changes on the fundamentals of different types of Chinese concepts stocks.
Topic:
International Trade and Finance, Bilateral Relations, and Investment
Political Geography:
China, Asia, North America, and United States of America

168. Comovement of Home Prices: A Conditional Copula Approach

Author:
Lei Hou, Wei Long, and Qi Li
Publication Date:
02-2020
Content Type:
Working Paper
Abstract:
Even though housing markets in different areas are relatively localized, regional home prices have become closely correlated and tend to be simultaneously affected by many national economic factors. In this paper, through the dynamic copula model, we confirm that regional home price dependence is time-varying and the conventional time-invariant copulas underestimate the degree of dependence during economic expansions and recessions. In essence, the U.S. residential real estate market has become more integrated since the mid-1980s. Using the conditional copula model, we further identify how the dependence among regional housing markets evolves along with some fundamental economic factors such as unemployment rate and interest rate. These findings can help investors and home buyers to better identify and evaluate the systematic risk in the nationwide housing market.
Topic:
Economics, Unemployment, and Housing
Political Geography:
China, Asia, North America, and United States of America

169. Evaluating the impact of fossil fuel vehicles exit on the oil demand in China

Author:
Ziru Feng, Tian Cai, Kangli Xiang, Chenxi Xiang, and Lei Hou
Publication Date:
03-2020
Content Type:
Working Paper
Abstract:
Vehicle ownership is one of the most important factors affecting fuel demand. Based on the forecast of China's vehicle ownership, this paper estimates China’s fuel demand in 2035 and explores the impact of new energy vehicles under the scenarios of slow, medium, and rapid substitution. The main contribution of this paper is making a more detailed estimation on the main parameters such as the saturation level and growth rate of the vehicle ownership by taking into account the heterogeneity of provinces when using the Gompertz model to forecast the future vehicle ownership. On that basis, the fuel demand of each province in 2035 is calculated. The results show that: ①The vehicle ownership rate of each province conforms to the S-shape trend with the growth of real GDP per capita. At present, most provinces are at a stage of accelerating growth. However, the time for the vehicle ownership rate of each province to reach the inflection point is quite different. ②Without considering the replacement of new energy vehicles, China's auto fuel demand is expected to be 746.69 million tonnes (Mt) in 2035. Guangdong, Henan, and Shandong are the top three provinces in fuel demand due to the economic and demographic factors, with the expected fuel demand of 76.76, 64.91 and 63.95Mt respectively. ③Considering the replacement of new energy vehicles, China’s fuel demand in 2035 will be 653, 615 and 578 Mt respectively under the scenarios of slow, medium and fast substitution. Even under the scenario of slow substitution, the reduction in fuel demand will be 94 Mt, accounting for 26.3% of China's net oil imports in 2016. Therefore, the withdrawal of fuel vehicles will greatly reduce the oil demand and the dependence on foreign oil of China. Faced with the dual pressure of environmental crisis and energy crisis, the forecast results of this study provide practical reference for policy makers to rationally design the future fuel vehicle exit plan and solve related environmental issues.
Topic:
Climate Change, Oil, and Fossil Fuels
Political Geography:
China, Asia, and United States of America

170. Idlib: The New Strategic Nucleus of the Battle over Syria

Author:
Al Jazeera Center for Studies
Publication Date:
03-2020
Content Type:
Policy Brief
Institution:
Al Jazeera Center for Studies
Abstract:
After Turkey’s unsuccessful ultimatum set for the Syrian regime and its Russian ally to commit to the Sochi Agreement, Ankara has targeted the Assad regime and its allies’ locations along the de-escalation zone by launching Operation Spring Shield. Russia has capitalized on Turkey’s anger by offering an agreement establishing new facts on ground during a Turkish-Russian summit on March 5th.
Topic:
Military Strategy, Armed Forces, Geopolitics, Conflict, and Syrian War
Political Geography:
Russia, Turkey, Middle East, Syria, United States of America, and Idlib