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1. What might have been: Globalization on the medal stand at the Tokyo Olympics

Author:
Soyoung Han and Marcus Noland
Publication Date:
04-2020
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The Summer Olympic Games are the most globalized sporting event on earth. Until now, the Summer Games had been postponed only three times—in 1916, 1940, and 1944—all because of world wars. So, the announcement that in response to the COVID-19 pandemic, the 2020 Tokyo Games would be postponed by a year is significant, implicit testimony to the destructiveness of the pandemic. The Tokyo Games were expected to continue the evolution of the Games away from the aristocratic European milieu where the modern Olympic movement began. As poverty has declined and incomes across the global economy have converged, participation in the Games has broadened and the pattern of medaling has become more pluralistic, particularly in sports with low barriers to entry in terms of facilities and equipment. This Policy Brief presents forecasts of medal counts at the 2020 Tokyo Summer Games had they had gone on as scheduled, setting aside possible complications arising from the coronavirus pandemic. The forecasts are not just a depiction of what might have been. They establish a benchmark that can be used when the Games are eventually held, to examine the impact of the uneven incidence of the pandemic globally.
Topic:
Economics, Globalization, Sports, and Olympics
Political Geography:
Japan, Asia, and Global Focus

2. Thinking Through Water: An Interview with Sunil S. Amrith

Author:
Sunil S. Amrith
Publication Date:
06-2020
Content Type:
Commentary and Analysis
Institution:
The Toynbee Prize Foundation
Abstract:
“The history of water,” writes Sunil S. Amrith, “shows that nature has never truly been conquered.” Nature is a dynamic presence in Amrith’s oeuvre. As a historian of South and Southeast Asia, his research engages the spaces, movements, and processes of a uniquely Indian Oceanic region. The worlds recounted by Amrith are often ones marked by the ambitions of empires and polities, the mass migration of human labour, and indeed, the furies of nature itself. In his latest book, Unruly Waters, Amrith shows how “the schemes of empire builders, the visions of freedom fighters, the designs of engineers—and the cumulative, dispersed actions of hundreds of millions of people across generations—have transformed Asia’s waters over the past two hundred years.” It testifies to the dreams that societies have often pinned to water, as well as its unwieldy and turbulent nature. In his account of “the struggle for water” and control over the Asian monsoon, we come to understand how climate change exacerbates a problem both already in-progress and connected to histories of “reckless development and galloping inequality.” Sunil S. Amrith is presently the Mehra Family Professor of South Asian History at Harvard University. He was the 2017 recipient of the MacArthur Fellowship. From July 2020, Amrith will be the Dhawan Professor of History at Yale University. His most recent book publications include: Unruly Waters: How Rains, Rivers, Coasts, and Seas Have Shaped Asia's History (Basic Books and Penguin UK, 2018), Crossing the Bay of Bengal: The Furies of Nature and the Fortunes of Migrants (Harvard University Press, 2013), and Migration and Diaspora in Modern Asia (Cambridge University Press, 2011). In this conversation, we discuss the role of water, nature, and inequality vis-à-vis history; the fields of global and environmental history; and lastly, some of the thoughts and practices that underlay the historian’s craft.
Topic:
Globalization, History, Water, and Oceans and Seas
Political Geography:
Asia and Global Focus

3. The Economic Impact of Globalisation in Indonesia

Author:
Kiki Verico and Mari Pangestu
Publication Date:
08-2020
Content Type:
Working Paper
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
This paper analyses the economic impact of globalisation in Indonesia from the end of the 1960s to date. The analysis found that globalisation generated a positive impact on Indonesia’s economic growth through the trade and investment channel; reduced wage inequality and child labour participation; and increased labour absorption, including women's participation in the labour market. Through the trade channel, globalisation also contributed to Indonesia’s productivity and structural economic transformation, benefited small and medium-sized enterprises (SMEs), contributed to poverty alleviation and reduced inequality, and increased trade in services such as tourism. Through the investment channel, there is evidence of the spillover effect of technology transfer, technology progress, improvement of the role of SMEs, and contribution to poverty alleviation. The waves of open and more restrictive trade and investment policies, which Indonesia has gone through in the last few decades, reflect the political economy reality – that is, the impact of globalisation is dynamic and only felt in the medium term, whereas the cost and potential negative impact is often felt more immediately throughout trade creation. The trade creation increases imports from countries with which free trade agreements have been negotiated, decreasing the domestic producer surplus. Since globalisation will create net benefits in the long run, Indonesia should continue its process of globalisation and integration with the world economy to ensure the net benefits and to move forward in its structural transformation, while managing the costs of globalisation and its transition process.
Topic:
Globalization, International Cooperation, International Trade and Finance, and Economic growth
Political Geography:
Indonesia, Asia, and Indo-Pacific

4. China’s BRI: The Development-Finance Dimension

Author:
David Gordon and Haoyu Tong
Publication Date:
03-2020
Content Type:
Working Paper
Institution:
International Institute for Strategic Studies
Abstract:
This report is the first of two synthesising the findings of a major research workshop convened in Washington DC on 26 June 2019, by The International Institute for Strategic Studies (IISS), as part of its multi-year project on China’s Belt and Road Initiative (BRI). The IISS commissioned ten papers that addressed development-finance and security issues in the BRI, prepared by leading scholars and policy practitioners. They were joined at the workshop by more than two dozen other experts on China’s international behaviour. This first report focuses on development-finance issues in the BRI; the second will address security issues broadly cast. China’s Belt and Road Initiative is now six years old. Announced by (then) newly ensconced President Xi Jinping, it has since become the centrepiece of Xi’s ambitious drive to make China a more active global leader, and to break free from the cautious approach set out more than 30 years earlier by then-paramount-leader Deng Xiaoping – that China’s strategic approach should be to ‘hide its capacities and bide its time’. At the Chinese Communist Party’s (CCP) 19th Congress in 2017, the BRI was integrated into the party’s charter. Much of the early analytical work on the BRI has focused on questions surrounding China’s motivations – economic or geopolitical. Is Xi’s initiative a response to changing domestic economic circumstances? Or does it signal evidence of China’s intent to build a twentyfirst- century imperium modelled on the post-war United States-led experience, more than on European colonial or earlier Asian empires? The emerging consensus on this question is that it has been a bit of both. At the same time, an often overlooked factor is Xi’s constant need to further consolidate his power inside China, as the economics versus geopolitics debate about the motivations for the BRI gives too little attention to the more purely political dimension. The BRI cannot be separated from Xi’s efforts to cast himself domestically as an exceptional leader for an exceptional moment in China’s history.
Topic:
Development, Globalization, Infrastructure, Hegemony, and Belt and Road Initiative (BRI)
Political Geography:
China and Asia

5. Chinese investment: State-owned enterprises stop globalizing, for the moment

Author:
Derek Scissors
Publication Date:
01-2019
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Chinese investment around the world fell sharply in 2018. The decline was most evident later in the year and among state-owned enterprises. These companies also engaged in fewer power construction projects. The number of countries in the Belt and Road Initiative keeps expanding, but activity levels per country are flat. One explanation for weakness in various Chinese efforts to “Go Out” is caution in drawing down foreign exchange reserves. The US has restricted Chinese investment, but it was already small in size in 2018. Serious problems remain—for example, theft and coercive transfer of technology. Firms violating American law should face sanctions, not just investment bans.
Topic:
Globalization, Foreign Direct Investment, Sanctions, Business, and Investment
Political Geography:
China, Asia, North America, and United States of America

6. The US-China economic relationship: A comprehensive approach

Author:
Neena Shenai and Joshua P. Meltzer
Publication Date:
02-2019
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The US–China economic relationship has reached a critical juncture. Over the past year, the US has imposed tariffs on $250 billion worth of Chinese imports and China has retaliated, raising tariffs on a similar amount of US exports. At the G-20 leaders’ summit in November 2018, Presidents Trump and Xi agreed to resolve the trade dispute within 90 days—by March 1, 2019, though this deadline has been recently extended. The US concerns that underpin these bilateral trade tensions stem from specific practices endemic to China’s economic model that systematically tilt the playing field in favor of Chinese companies domestically and globally. Progress on specific trade issues will require China to comply with its World Trade Organization (WTO) commitments and to make certain reforms that will likely touch on areas of state control over the economy. In addition, new trade rules are needed to address China’s economic practices not covered by its WTO commitments, including in areas such as state-owned enterprises (SOEs), certain subsidies, and digital trade. These issues also come at a time of increasing US concern over the national security risks China presents, particularly with respect to technology access. All of these matters underscore the complexity of US-China bilateral negotiations as well as the stakes at play. Resolving US-China differences in a meaningful way will take time. This policy brief assesses the state of the US-China trade relationship by first looking at the economic impact on the US The policy brief then looks at why the Chinese economic model is so concerning. Despite the challenges the US has had at the WTO, the policy brief argues that the WTO should be central to resolving US-China trade tensions. We outline a multi-prong strategy, including bilateral, multilateral, and unilateral actions as well as working with allies that together would constitute positive next steps for this critical economic relationship. In taking this multifaceted approach, the US needs to stay true to its values and not accept short-term gains or “fig leaf” deals. In particular, creating a managed trade relationship with China would not be a constructive outcome. Instead, the US should work with China to agree on long term solutions. The resulting deal should address the real issues at hand in a free market manner and strengthen the multilateral global trading system and rule of law that the US has championed in the post-World War II era.
Topic:
Foreign Policy, Globalization, Bilateral Relations, and Trade
Political Geography:
China, Asia, North America, and United States of America

7. A New Era of Multiculturalism and the Role of China’s Belt and Road Initiative (BRI) in 21st Century

Author:
Qamar Fatima and Iram Naseer
Publication Date:
01-2019
Content Type:
Journal Article
Journal:
South Asian Studies
Institution:
Department of Political Science, University of the Punjab
Abstract:
Multiculturalism is thoroughly connected with “identity politics,” “the politics of difference,” and “the politics of recognition,” which assigns a promise to increasing disparaged appearances and shifting leading arrangements of illustration as well as interaction which disregards definite units. It encompasses claims of fiscal benefits, political power, distinctiveness and culture. In this backdrop, the article targets to analyze traditional interaction as a panacea of all social and border disputes in this new century through the Chinese BRI connecting the current situation along historical linkages of Old Silk Road (OSR). Likewise, the basic purpose of this study is to investigate how seventy states in BRI project can be unified through cultural collaboration other than political, economic and strategic partnership, following Chinese pushing forward scheme in New Silk Road (NSR). In fact, BRI would provide all stakeholders of this project a golden opportunity to value their disregarded culture whose ethos lost actual worth because of Western rule since decades in this landmass. Moreover, the study is grounded with the theoretical approaches of cross-cultural power and leading theorizers of multiculturalism supported by Confucius, Iqbal, Nietzsche, Ibn Khaldun, Charles Taylor and Will Kymlicka. Besides, the data have been taken from the official reports, reports on cultural meetings among diplomats from BRI official sites and archival holy manuscripts to reevaluate the value of marginalized local cultures of Arabian, Indian and Chinese civilizations. Overall, the study distinguishes that how diversity is the real beauty of Asia and manifold culture of Asia is embedded with each other because of erstwhile historical links and it‟s tough to separate diverse identities of Asia on ethnic and communal grounds.
Topic:
Globalization, Culture, Multiculturalism, Soft Power, Identities, and Belt and Road Initiative (BRI)
Political Geography:
Pakistan, China, South Asia, Asia, and Punjab

8. Assessing China’s Influence in Europe through Investments in Technology and Infrastructure. Four Cases.

Author:
Frans-Paul van der Putten
Publication Date:
01-2019
Content Type:
Policy Brief
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
China’s role as a global investor and financier has grown rapidly in recent decades, nowhere more so than in Europe. In 2017, a full quarter of China’s outbound foreign direct investment was destined for Europe. China has stepped up promotion of its signature Belt and Road Initiative (BRI), with Europe as its final destination, ever greater flows of investment in Eurasian connectivity are on offer. However, in recent years scepticism about rising flows of Chinese investment into the EU has grown. This report aims to carefully scrutinize the linkage between Chinese investment in Europe and China’s influence in the region and provides a nuanced and careful analysis that goes beyond the alarmism and polarization that dominates so much of the recent discussion about China’s role in Europe. It is based on a series of case studies examining a Chinese port investment in Greece, a Chinese-financed rail project in Hungary and Serbia, and two Chinese acquisition deals in the Netherlands. Thus, the authors shed light on the motives behind these individual Chinese investments and financial packages, including the interests of both the Chinese and the host governments and firms involved, evaluating what, if any, Chinese “influence” can be linked to the deals. According to the findings, the specific terms of each investment or loan package are dependent on the individual circumstances of the countries and firms involved. In each case there is an identifiable commercial basis for the Chinese investment, but economic and political viability of each deal varies.
Topic:
Globalization, Investment, and Trade
Political Geography:
China, Europe, and Asia

9. China’s new policy on the European Union: A toughening line on political issues

Author:
Jyrki Kallio
Publication Date:
01-2019
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
China’s recent policy paper on the European Union shows that the country continues to recognize the EU as an important partner in many fields. A new, distressing element is that China has toughened its demands towards the EU to respect its core interests and to refrain from meddling in its internal affairs.
Topic:
Globalization, International Affairs, European Union, and Conflict
Political Geography:
China, Europe, and Asia

10. The Brain drain from Russia: The Kremlinʼs double-edged sword

Author:
Jussi Lassila
Publication Date:
05-2019
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
The accelerated brain drain from Russia concretizes the failures of the Kremlinʼs authoritarian modernization and deepens the country’s longer-term problems. At the same time, the brain drain is reducing the regimeʼs political pressures to make the country more attractive to educated and internationally oriented citizens.
Topic:
Education, Globalization, Authoritarianism, and Modernization
Political Geography:
Russia, Europe, Central Asia, and Asia