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191. Forget Bretton Woods II: the Role for U.S.-Japan-China Trilateralism

Author:
Yoichi Funabashi
Publication Date:
04-2009
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
In this age of globalization, nations rise and fall in the world markets day and night. Europe, Germany in particular, may at first have indulged in a certain amount of schadenfreude to observe the abrupt fall from grace of the U.S. financial system. But not for long. As of November 2008, the euro zone is officially in a recession that continues to deepen. Germany's government was compelled to enact a 50 billion euro fiscal stimulus package. The Japanese economy, though perhaps among the least susceptible to the vagaries of the European and U.S. economies, followed soon after, with analysts fearing that the downturn could prove deeper and longer than originally anticipated. The U.S.—Europe—Japan triad, representing the world's three largest economies, is in simultaneous recession for the first time in the post-World War II era. China, meanwhile, is suddenly seeing its 30-year economic dynamism lose steam, with its mighty export machine not just stalling but actually slipping into reverse.
Topic:
Economics, Globalization, and Government
Political Geography:
United States, Japan, China, Europe, and Germany

192. Toward Effective Multilateralism: Why Bigger May Not Be Better

Author:
Thomas Wright
Publication Date:
07-2009
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
The past eight years have been a period of retreat and revival for multilateralism. Retreat in the face of the most concerted unilateralist strategy undertaken by a U.S. administration in half a century, and revival because, during the Bush administration's second term, there was an emerging political consensus that multilateralism was a critical element of U.S. power. Revival, however, promised not simply restoring multilateral institutions in U.S. strategy, but reforming or even replacing those institutions themselves. The ongoing financial crisis_with the Group of 20 (G-20), including leaders from Argentina, China, India, and South Africa, among others, taking on a leading role_has merely been the latest sign that greater multilateral cooperation is both necessary and difficult.
Political Geography:
United States, China, India, South Africa, and Argentina

193. Embracing Chinese Global Security Ambitions

Author:
Jonathan Holslag
Publication Date:
07-2009
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
Three warships sailed through the Straits of Malacca in December last year, en route to a milestone in recent Chinese military history. Joining the United Nations-backed international naval force in the Gulf of Aden, China sought to protect its global economic interests with military power for the first time. It is not, however, Beijing's only step toward a more proactive security policy beyond the Strait of Taiwan. China is gradually paving the way for a more prominent presence as a global military player by strategizing, training, and modernizing its military hardware.
Topic:
Economics and History
Political Geography:
China and Taiwan

194. Shaping the Choices of a Rising China: Recent Lessons for the Obama Administration

Author:
Thomas J. Christensen
Publication Date:
07-2009
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
President Barack Obama ran a successful campaign on the theme of change. Yet, for addressing what is perhaps the greatest long-term strategic challenge facing the United States—managing U.S. relations with a rising China—change is not what is needed. President George W. Bush's strategy toward China is an underappreciated success story and the Obama administration would be wise to build on that success rather than attempt to radically transform U.S. policy toward China.
Political Geography:
United States and China

195. Cooperative Denuclearization toward North Korea

Author:
Dingli Shen
Publication Date:
10-2009
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
Why has the Democratic People's Republic of Korea (DPRK) been so defiant against the international community? What could be its external and internal motivations to carry out new missile tests, and even a new nuclear test, in spring 2009 when its economy is in shambles and a large portion of its population is starving? Why has President Barack Obama's ''smart power'' diplomacy, which stresses dialogue with countries with which the United States has long had difficulties, not worked well with Pyongyang so far? Why does North Korea seem to be ignoring its key ally, China, and its concerns? Beijing is now in an awkward position as North Korea looks uninterested in bestowing any credibility on China's efforts to sustain the Six-Party Talks that are aimed at denuclearizing the Korean peninsula.
Topic:
Diplomacy
Political Geography:
China and North Korea

196. Regional Overview Chronology

Publication Date:
01-2009
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Center for Strategic and International Studies
Abstract:
No abstract is available.
Topic:
Government
Political Geography:
Russia, China, Indonesia, and Beijing

197. U.S.-China Relations Chronology

Publication Date:
01-2009
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Center for Strategic and International Studies
Abstract:
Oct. 4, 2008: Chinese Ministry of Defense spokesman Hu Changming expresses China's firm objection to a U.S. decision to sell $6.5 billion in arms to Taiwan. Oct. 4, 2008: U.S. nuclear envoy Christopher Hill briefs Chinese counterpart Wu Dawei in Beijing on the outcome of U.S.-North Korea talks in Pyongyang. Oct. 4, 2008: China's Central Bank expresses support on its website for Washington's $700 billion bailout package and calls for greater cooperation on financial stabilization. Oct. 6, 2008: U.S. Defense Department spokesman says China has canceled a series of military and diplomatic exchanges with the U.S. to protest the planned U.S.
Topic:
Terrorism
Political Geography:
United States, China, and Taiwan

198. China-Southeast Asia Relations

Author:
Robert Sutter
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Center for Strategic and International Studies
Abstract:
Asian commentators who asserted that China and its neighbors could ride out the economic crisis in U.S. and Western financial markets appeared in retreat during the quarter as the impact of the financial turmoil and recession in America and Europe began to have a major effect on China and the region's trade, manufacturing, currency values, and broader economic stability. The hope that China could sustain stable growth independent of the U.S. and Europe and thereby provide an engine of growth for export-oriented Southeast Asian countries was dented by Chinese trade figures that nosedived in November, especially Chinese imports, which fell by 18 percent. The financial crisis also dominated the discussion at the ASEM summit in October. Meanwhile, China continued to pursue infrastructure development projects with its neighbors to the south, resolved the land boundary dispute with Vietnam, and signed a free trade agreement with Singapore. Talk of a planned Chinese aircraft carrier caused some controversy, but on the whole assessments of China's rise were notably more balanced than in the past.
Topic:
Economics, Financial Crisis, and Reform
Political Geography:
United States, China, America, Europe, Asia, and Southeast Asia

199. China-Southeast Asia Relations Chronology

Publication Date:
01-2009
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Center for Strategic and International Studies
Abstract:
No abstract is available.
Topic:
Security and Law
Political Geography:
China, Vietnam, and Southeast Asia

200. China-Taiwan Relations

Author:
David G. Brown
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Center for Strategic and International Studies
Abstract:
Beijing and Taipei continued to work cooperatively through various dialogue channels to improve cross-Strait relations. The focus this quarter was on the first ever visit by a “designated representative” of the Chinese government to Taiwan – the visit of ARATS Chairman Chen Yunlin in November, when four agreements were signed. This process is gradually establishing a degree of trust in this long-troubled relationship. However, a vocal opposition minority in Taiwan disrupted the Chen visit and forced President Ma Ying-jeou to make adjustments. Despite the progress, there is still no evidence that Beijing has taken any steps to reduce its military threat directed at Taiwan. President Hu's new six-point statement and Taipei's initial reaction to it highlight the continuing gap between their positions. The global economic crisis is confronting the relationship with new challenges, the scope of which is not yet clear. Internationally, Taiwan's desire for participation in the WHO will be a test of this evolving relationship next spring.
Topic:
Economics and Government
Political Geography:
China, Taiwan, Beijing, and Taipei