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Begin New Search Topic Regional Cooperation Political Geography Asia

41. What’s in the New Southern Policy Plus? An ASEAN Perspective on Building Niche-based Pragmatic Cooperation with South Korea

Author:
Chiew-Ping Hoo
Publication Date:
03-2021
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
It is clear that the NSP started off with the right messages and many Southeast Asian countries have been receptive to the initiatives. Despite the pandemic bringing a lot more challenges in implementing the policy initiatives, the NSP Plus has envisioned an innovation-oriented cooperation by transforming the traditional face-to-face operations to electronic and digitalized management. Public health cooperation is understandably the immediate focus, but such cooperation should be also seen as long-term fulfilment of the cooperation on the People pillar in the NSP. Infrastructure connectivity and South Korea’s cooperation in the building of an evolving East Asian regional architecture respectively enhance the Prosperity and Peace pillars. With patience, dedication, and commitment, the NSP Plus will be a long-lasting foreign policy legacy of Moon that brings benefits to Korea, ASEAN, and regional stability.
Topic:
Foreign Policy, Regional Cooperation, Political stability, Public Health, and ASEAN
Political Geography:
Asia, Korea, and Southeast Asia

42. EU’s Global Actorness in Question: A Debate over the EU-Turkey Migration Deal

Author:
Fatma Yilmaz-Elmas
Publication Date:
01-2021
Content Type:
Journal Article
Journal:
Uluslararasi Iliskiler
Institution:
International Relations Council of Turkey (UİK-IRCT)
Abstract:
Addressing a close relationship between the EU’s role as a global actor and migration management, this article covers the 2016 EU-Turkey migration deal and endeavors to go beyond simple criticism of its efficiency. Following a review of the relevant literature and critical analysis of recent migration management process, interviews with field experts and policymakers were utilized to assess the policy dilemmas of the EU’s approach to the pressure from migration. The pressure the EU has long been experiencing is not a challenge that can be solved by asymmetric cooperation with third countries, characterized by an ignorance of divergences in perceptions and expectations. This may have subsequent impact on the EU’s enlargement policy and thereby on the stability of the region.
Topic:
Migration, Regional Cooperation, European Union, and Refugee Crisis
Political Geography:
Europe, Turkey, and Asia

43. Gains Associated with Linking the EU and Chinese ETS under Different Assumptions on Restrictions, Allowance Endowments, and international Trade

Author:
Malte Winkler, Sonja Peterson, and Sneha Thube
Publication Date:
05-2021
Content Type:
Working Paper
Institution:
Kiel Institute for the World Economy (IfW)
Abstract:
Linking the EU and Chinese Emission Trading Systems (ETS) increases the cost-efficiency of reaching greenhouse gas mitigation targets, but both partners will benefit – if at all – to different degrees. Using the global computable-general equilibrium (CGE) model DART Kiel, we evaluate the effects of linking ETS in combination with 1) restricted allowances trading, 2) adjusted allowance endowments to compensate China, and 3) altered Armington elasticities when Nationally Determined Contribution (NDC) targets are met. We find that generally, both partners benefit from linking their respective trading systems. Yet, while the EU prefers full linking, China favors restricted allowance trading. Transfer payments through adjusted allowance endowments cannot sufficiently compensate China so as to make full linking as attractive as restricted trading. Gains associated with linking increase with higher Armington elasticities for China, but decrease for the EU. Overall, the EU and China favor differing options of linking ETS. Moreover, heterogeneous impacts across EU countries could cause dissent among EU regions, potentially increasing the difficulty of finding a linking solution favorable for all trading partners.
Topic:
Climate Change, Environment, International Trade and Finance, Regional Cooperation, and European Union
Political Geography:
China, Europe, and Asia

44. The Long Search for Stability: Financial Cooperation to Address Global Risks in the East Asian Region

Author:
C. P. Chandrasekhar
Publication Date:
03-2021
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
Forced by the 1997 Southeast Asian crisis to recognize the external vulnerabilities that openness to volatile capital flows result in and upset over the post-crisis policy responses imposed by the IMF, countries in the sub-region saw the need for a regional financial safety net that can pre-empt or mitigate future crises. At the outset, the aim of the initiative, then led by Japan, was to create a facility or design a mechanism that was independent of the United States and the IMF, since the former was less concerned with vulnerabilities in Asia than it was in Latin America and that the latter’s recommendations proved damaging for countries in the region. But US opposition and inherited geopolitical tensions in the region blocked Japan’s initial proposal to establish an Asian Monetary Fund, a kind of regional IMF. As an alternative, the ASEAN+3 grouping (ASEAN members plus China, Japan and South Korea) opted for more flexible arrangements, at the core of which was a network of multilateral and bilateral central bank swap agreements. While central bank swap agreements have played a role in crisis management, the effort to make them the central instruments of a cooperatively established regional safety net, the Chiang Mai Initiative, failed. During the crises of 2008 and 2020 countries covered by the Initiative chose not to rely on the facility, preferring to turn to multilateral institutions such as the ADB, World Bank and IMF or enter into bilateral agreements within and outside the region for assistance. The fundamental problem was that because of an effort to appease the US and the IMF and the use of the IMF as a foil against the dominance of a regional power like Japan, the regional arrangement was not a real alternative to traditional sources of balance of payments support. In particular, access to significant financial assistance under the arrangement required a country to be supported first by an IMF program and be subject to the IMF’s conditions and surveillance. The failure of the multilateral effort meant that a specifically Asian safety net independent of the US and the IMF had to be one constructed by a regional power involving support for a network of bilateral agreements. Japan was the first regional power to seek to build such a network through it post-1997 Miyazawa Initiative. But its own complex relationship with the US meant that its intervention could not be sustained, more so because of the crisis that engulfed Japan in 1990. But the prospect of regional independence in crisis resolution has revived with the rise of China as a regional and global power. This time both economics and China’s independence from the US seem to improve prospects of successful regional cooperation to address financial vulnerability. A history of tensions between China and its neighbours and the fear of Chinese dominance may yet lead to one more failure. But, as of now, the Belt and Road Initiative, China’s support for a large number of bilateral swap arrangements and its participation in the Regional Comprehensive Economic Partnership seem to suggest that Asian countries may finally come into their own.
Topic:
Regional Cooperation, Bilateral Relations, Financial Crisis, Central Bank, IMF, Liberalization, Financial Globalization, and Financial Integration
Political Geography:
China, Asia, and United States of America

45. Strengthening Regional Stability Through the Ulaanbaatar Dialogue

Author:
Bolor Zorigt
Publication Date:
07-2021
Content Type:
Commentary and Analysis
Institution:
Council on International Policy (CIP)
Abstract:
Mongolia strives to contribute toward strengthening global peace and stability through its active role in multilateral cooperation including the UN, Asia-Europe Meeting, Organization for Security and Co-operation in Europe and ASEAN (Association of Southeast Asian Nations)-led mechanisms. Mongolia perceives itself as a part of the broader Asia-Pacific region. However, Northeast Asia has been prioritized in the past decade, with the goal of preserving balanced relations with its only two neighbours, China and Russia. Mongolia promotes engagement with countries with shared democratic values, such as the US, Japan and the Republic of Korea (ROK), while maintaining friendly relations with the Democratic People’s Republic of Korea (DPRK). In 2013, Mongolia initiated a regional platform called the “Ulaanbaatar Dialogue on Northeast Asian Security” (UBD), which engages all the regional countries to find common ground and chart a joint way forward to attain peace and prosperity in the region and beyond. The ultimate goal is to make a tangible contribution toward fostering regional cooperation.
Topic:
Diplomacy, Regional Cooperation, Regionalism, and Strategic Stability
Political Geography:
Mongolia and Asia

46. The US is Refocusing its Foreign Policy Priorities on the Indo-Pacific: Recalibrating Alliance Politics in a Pivotal Region

Author:
Bart Gaens
Publication Date:
09-2021
Content Type:
Commentary and Analysis
Institution:
Finnish Institute of International Affairs (FIIA)
Abstract:
The United States under President Joe Biden is strengthening efforts to constrain China in the Indo-Pacific region. At least for now, a new US focus on the region is aimed primarily at reinforcing “minilateral” alignments, potentially at the expense of the EU and its member states.
Topic:
Foreign Policy, Diplomacy, Regional Cooperation, Hegemony, Multilateralism, and Influence
Political Geography:
Asia, North America, United States of America, and Indo-Pacific

47. The Philippines’ Dilemma: How to Manage Tensions in the South China Sea

Author:
International Crisis Group
Publication Date:
12-2021
Content Type:
Special Report
Institution:
International Crisis Group
Abstract:
The maritime dispute between China and the Philippines is simmering against the backdrop of strategic competition between Beijing and Washington. To keep tensions below boiling point, Manila should push for a Code of Conduct in the South China Sea as well as greater regional cooperation.
Topic:
Regional Cooperation, Territorial Disputes, Conflict, and Rivalry
Political Geography:
China, Asia, and Philippines

48. Vietnam Tacks Between Cooperation and Struggle in the South China Sea

Author:
International Crisis Group
Publication Date:
12-2021
Content Type:
Special Report
Institution:
International Crisis Group
Abstract:
Together with the Philippines, Vietnam is on the front line of maritime disputes with China. The risk of armed confrontation is low but growing. Hanoi should redouble efforts to build confidence, starting with less sensitive issues, and to establish an effective Code of Conduct.
Topic:
Economics, Regional Cooperation, Maritime, Conflict, and Peace
Political Geography:
China, Asia, and Vietnam

49. Vietnam Tacks Between Cooperation and Struggle in the South China Sea

Author:
International Crisis Group
Publication Date:
12-2021
Content Type:
Special Report
Institution:
International Crisis Group
Abstract:
Together with the Philippines, Vietnam is on the front line of maritime disputes with China. The risk of armed confrontation is low but growing. Hanoi should redouble efforts to build confidence, starting with less sensitive issues, and to establish an effective Code of Conduct.
Topic:
Regional Cooperation, Maritime Commerce, Maritime, and Strategic Interests
Political Geography:
China, Asia, Vietnam, Philippines, South China Sea, and Oceania

50. Global Health Security COVID-19 and Its Impacts – Rebuilding Regional Economies: Role of Female Labour

Author:
Tamara Nair and Phidel Marion G. Vineles
Publication Date:
08-2021
Content Type:
Commentary and Analysis
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
Increasing women’s participation in regional economies will result in ASEAN’s sustainable economic growth, as part of post COVID-19 rebuilding. Hence, greater efforts must be made to advance women’s broader economic participation to achieve dynamic, resilient, and inclusive regional economies.
Topic:
Economics, Gender Issues, Regional Cooperation, Labor Issues, and Regionalism
Political Geography:
Asia and ASEAN