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1521. Developing a New Type of Relationship Between China and the US

Author:
Zhu Liqun
Publication Date:
11-2013
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
This rejoinder to Daniel Twining's article in the last issue (June 2013) of The International Spectator argues that both China and the United States recognise how important their relationship is for the world and the Asia-Pacific in particular. But the risk of tension on the security front has increased recently due to the US policy toward maritime disputes that has actually involved meddling between the parties involved, and its 'pivot' to Asia which targets China with more military engagement in the region. The China-US relationship has never been an easy one with the US certain of its primacy and China proud of its glorious past, which almost makes a conflictual power transition a self-fulfilling prophecy. Management of the relationship is the key for both countries to bring about more cooperation and to rein in competition. Co-evolution, a new type of relationship among major countries, is the only way out, in which the logic of interaction is 'live-and-let-live' rather than mors tua, vita mea.
Political Geography:
United States, China, Asia, and Asia-Pacific

1522. The Hyperglobalization of Trade and Its Future

Author:
Arvind Subramanian and Martin Kessler
Publication Date:
07-2013
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
This paper describes seven salient features of trade integration in the 21st century: Trade integration has been more rapid than ever (hyperglobalization); it is dematerialized, with the growing importance of services trade; it is democratic, because openness has been embraced widely; it is criss-crossing because similar goods and investment flows now go from South to North as well as the reverse; it has witnessed the emergence of a mega-trader (China), the first since Imperial Britain; it has involved the proliferation of regional and preferential trade agreements and is on the cusp of mega-regionalism as the world's largest traders pursue such agreements with each other; and it is impeded by the continued existence of high barriers to trade in services. Going forward, the trading system will have to tackle three fundamental challenges: In developed countries, the domestic support for globalization needs to be sustained in the face of economic weakness and the reduced ability to maintain social insurance mechanisms. Second, China has become the world's largest trader and a major beneficiary of the current rules of the game. It will be called upon to shoulder more of the responsibilities of maintaining an open system. The third challenge will be to prevent the rise of mega-regionalism from leading to discrimination and becoming a source of trade conflicts. We suggest a way forward—including new areas of cooperation such as taxes—to maintain the open multilateral trading system and ensure that it benefits all countries.
Topic:
Economics, Emerging Markets, Globalization, and International Trade and Finance
Political Geography:
Europe, Asia, and North America

1523. Asian and European Financial Crises Compared

Author:
Edwin M. Truman
Publication Date:
10-2013
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
The European and Asian financial crises are the two most recent major regional crises. This paper compares their origins and evolution. The origins of the two sets of crises were different in some respects, but broadly similar. The two sets of crises also shared similarities in their evolution, but here the differences were more significant. The European crisis countries received more external financial support, despite the fact that they involved more solvency issues while the Asian crises involved more liquidity issues. On balance, the reform programs in the European crises were less demanding and rigorous than in the Asian crises. Partly as a consequence, the negative impacts on the global economy have been larger. I draw three lessons from this analysis: First, history will repeat itself; there will be other external financial crises. Second, other countries have a stake in appropriate crisis management. Third, the IMF and other countries were mistaken in treating the European crises as individual country crises rather than as a crisis for the euro area as a whole that demanded policy conditionality on all members of the euro area.
Topic:
Economics, International Trade and Finance, International Monetary Fund, and Financial Crisis
Political Geography:
Europe and Asia

1524. A Critical Analysis of the U.S. "Pivot" toward the Asia-Pacific: How Realistic is Neo-realism?

Author:
Rong Chen
Publication Date:
06-2013
Content Type:
Journal Article
Journal:
Connections
Institution:
Partnership for Peace Consortium of Defense Academies and Security Studies Institutes
Abstract:
At the time of writing, the U.S. had its highest-ranking military delegation in over two years, led by the chairman of the Joint Chiefs of Staff Gen. Martin Dempsey, visiting Beijing. The mission was intended to conduct sensitive bilateral negotiations at the highest level in China, having been received by President Xi Jinping and members of China's Central Military Commission. This visit took place during a period of heightened tension in northeastern Asia, characterized by nuclear tests and other provocative actions of the Democratic People's Republic of Korea (DPRK), and the escalating territorial dispute between China and Japan over Diaoyu Island. It underscored the importance of Sino-U.S. bilateral relations, and encouraged students of the region to reflect on the strategic significance and policy implications of the U.S. pivot toward the Asia-Pacific, which is the key factor of the strategic context of the region.
Political Geography:
United States, Japan, China, Asia, Korea, Island, and Northeast Asia

1525. Africa's Booming Oil and Natural Gas Exploration and Production: National Security Implications for the United States and China

Author:
David E. Brown
Publication Date:
12-2013
Content Type:
Working Paper
Institution:
The Strategic Studies Institute of the U.S. Army War College
Abstract:
The frenetic search for hydrocarbons in Africa has become so intense and wide ranging that there is planned or ongoing oil and gas exploration in at least 51 of the continent's 54 countries. Knowledge about Africa's geology is improving rapidly, generating great optimism about the continent's energy future. Onshore and offshore rifts and basins created when the African continent separated from the Americas and Eurasia 150 million years ago are now recognized as some of the most promising hydrocarbon provinces in the world. Offshore Angola and Brazil, Namibia and Brazil, Ghana and French Guyana, Morocco and Mexico, Somalia and Yemen, and Mozambique and Madagascar are just a few of the geological analogues where large oil fields have been discovered or are be-lieved to lie. One optimistic but quite credible scenario is that future discoveries in Africa will be around five timestheir current level based on what remains un-explored on the continent versus currently known sub-soil assets. If proven true, this could have a pro-foundly positive impact on Africa's future growth and strategic position in the global economy.
Topic:
Economics, Human Rights, and Natural Resources
Political Geography:
Africa, United States, China, America, Eurasia, Asia, Brazil, Yemen, Mozambique, Mexico, Morocco, Somalia, Angola, Ghana, Namibia, Guyana, and Moldavia

1526. Opportunities Unbound: Sustaining the Transformation in U.S.-Indian Relations

Author:
Ashley J. Tellis
Publication Date:
01-2013
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
The evolving U.S.-Indian strategic partnership holds great potential for both countries. India's economic growth and its ties to the United States can assist its global rise, which contributes to keeping the peace in Asia, provided New Delhi and Washington sustain concerted cooperation. And India's emerging markets promise to be the key instrument for enlarging India's power while remaining a rich opportunity for U.S. businesses.
Topic:
Foreign Policy, Defense Policy, Military Strategy, and Bilateral Relations
Political Geography:
United States, Washington, India, Asia, and New Delhi

1527. Crux of Asia: China, India, and the Emerging Global Order

Author:
Ashley J. Tellis and Sean Mirski
Publication Date:
01-2013
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
The rise of China and India as major world powers promises to test the established global order in the coming decades. As the two powers grow, they are bound to change the current international system—with profound implications for themselves, the United States, and the world. And whether they agree on the changes to be made, especially when it comes to their relationship with the West, will influence the system's future character. A close examination of Chinese and Indian perspectives on the fundamentals of the emerging international order reveals that Sino-Indian differences on many issues of both bilateral and global significance are stark.
Topic:
Foreign Policy, Military Strategy, and Bilateral Relations
Political Geography:
Japan, China, India, Taiwan, Asia, South Korea, and Singapore

1528. U.S.-China Security Perceptions Survey: Findings and Implications

Author:
Michael D. Swaine, Rachel Esplin Odell, Luo Yuan, and Liu Xiangdong
Publication Date:
12-2013
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
Public and elite attitudes in the United States and especially China are exerting a growing influence on the bilateral security relationship. The U.S.-China Security Perceptions Project analyzes the content of these attitudes through original surveys and workshops conducted in both countries. The project's findings have implications for policymakers seeking to reduce the likelihood of future bilateral conflicts.
Topic:
Security, Foreign Policy, and Bilateral Relations
Political Geography:
United States, China, and Asia

1529. Making the Case: North Korea's Nuclear and Missile Efforts

Author:
Mieke Eoyang and Aki Peritz
Publication Date:
03-2013
Content Type:
Policy Brief
Institution:
Third Way
Abstract:
The U.S. is currently leading the effort to halt North Korea's nuclear weapons program and protect our allies in the Asia-Pacific region. Here is how to discuss this important issue: North Korea's missile and nuclear programs threaten our interests and our allies. We will defend our friends—and ourselves—starting with our planned deployment of more missile interceptors in Alaska. The U.S. has been making progress toward convincing the international community to crack down on Pyongyang even further. Given the threat, we must maintain a robust military presence in Asia to maintain the peace in the Asia-Pacific region. We must work with China—North Korea's only ally—to achieve a lasting end to Pyongyang's continuing nuclear intransigence.
Topic:
Security, Defense Policy, and Nuclear Weapons
Political Geography:
China, Asia, and North Korea

1530. Trade Promotion Authority: Myths Facts

Author:
Jeff Okun-Kozlowicki and Gabe Horwitz
Publication Date:
09-2013
Content Type:
Working Paper
Institution:
Third Way
Abstract:
There is a $10 trillion trade prize in Asia. The question is how much of that prize will America claim? Seizing the opportunities of foreign markets directly expands the U.S. economy and creates more employment opportunities for middle-class Americans. But this won't be possible without Trade Promotion Authority (TPA)-the procedural tool that policymakers need to get trade deals done. This report looks at how TPA allows both Congress and the White House to influence trade deals, fosters increased stakeholder engagement, and is a vital signal to our trading partners.
Political Geography:
United States, America, and Asia