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1721. Beijing's Balancing Act: Courting New Dehli, Reassuring Islamabad

Author:
Jingdong Yuan
Publication Date:
05-2011
Content Type:
Journal Article
Journal:
Journal of International Affairs
Institution:
School of International and Public Affairs, Columbia University
Abstract:
The “all-weather” Sino-Pakistan relations, characterized especially by Beijing's position on the Kashmir issue and its long-standing and close defense ties with Islamabad, continue to affect New Delhi's threat perceptions and Sino-Indian relations. Beijing's need to sustain friendly relations with Pakistan stems from its desire to mitigate ethnic separatist problems, improve energy security and execute its policy of hedging against a rising and future rival in India. Despite the changing international and regional security environments and Beijing's more balanced South Asia policy, this need is viewed in New Delhi as a major obstacle to enhancing mutual trust and improving bilateral relations between China and India. Conversely, without de-hyphenating Sino-Indian ties, the Pakistan factor will remain a point of contention in fully developing the increasingly important relationship between Asia's two rising powers.
Topic:
Security
Political Geography:
Pakistan, China, South Asia, India, Beijing, Asia, Kashmir, New Delhi, and Islamabad

1722. Paradigm Shift in India-China Relations: From Bilateralism to Multilateralism

Author:
Swaran Singh
Publication Date:
05-2011
Content Type:
Journal Article
Journal:
Journal of International Affairs
Institution:
School of International and Public Affairs, Columbia University
Abstract:
“The world has enough for both of us” has come to be a regular refrain of Chinese and Indian leaders. Even academic commentaries sometimes use this argument to explain why Asia's two fastest growing economies and increasingly dynamic billion-plus-strong societies will not clash as they pursue peaceful development. Their relationship continues to be examined in simplistic dichotomies of competition or cooperation, rivals or partners, friends or foes, etc., ignoring the complex nature of their evolution and interactions. This paper argues that their continued rapid economic growth and resultant ever-expanding engagement with the external world is not completely innocent, and that their growth has begun to influence their bilateral relations. Prima facie, multilateral forums provide China and India with a relatively neutral playground in which the two countries have gradually begun to decipher their stronger commonality of interests in addressing their regional/global challenges within multilateral settings. This expanding mutual trust and understanding at the multilateral level is expected to have a positive impact on the nature of their historically complicated bilateral equations. No doubt, their difficult bilateral engagement also impacts their interactions at the multilateral level and their mutual trust deficit circumscribes their joint strategies in multilateral forums. Yet, on balance, contemporary Sino-Indian relations seem to mark a clear shift in the center of gravity from a bilateral to a multilateral matrix. This shift is now discernible enough to stand scrutiny and also to guide the future direction of Sino-Indian equations.
Political Geography:
China, India, and Asia

1723. India, China: Brothers, Brothers

Author:
Shirish Jain and Yan Shufen
Publication Date:
05-2011
Content Type:
Journal Article
Journal:
Journal of International Affairs
Institution:
School of International and Public Affairs, Columbia University
Abstract:
Despite gloomy predictions about the inevitability of competition between China and India, cooperation between Asia's two emerging powers is possible. It will, however, require a much more concerted effort to bridge the gap in sociocultural understanding that exists between the two countries. While growing economic ties have warmed relations between them, there remains a fundamental lack of appreciation on the part of each country of the underlying cultural and societal norms that define the other—norms that influence each country's perception of its own national interest. We argue that greater appreciation of these elements is critical if China and India are to successfully address issues such as the ongoing border dispute and the mounting trade imbalance. This essay is devoted to exploring avenues for cultural rapprochement and analyzing efforts made thus far. It also explores ways to make the process of engagement more effective, not only at the intergovernmental level but also in terms of person-to-person contact. With the remarkable economic resurgence of Asia, especially that of China and India, we contend that it is urgent for each country to gain a more direct and nuanced understanding of the other.
Topic:
Government
Political Geography:
China, India, and Asia

1724. Beyond Rhetoric: Sino-Indian Relations in an Era of Interdependence - Asian Knowledge-Based Economics: Complex and Convoluted

Author:
Aditi Malik and Maria Y. Wang
Publication Date:
05-2011
Content Type:
Journal Article
Journal:
Journal of International Affairs
Institution:
School of International and Public Affairs, Columbia University
Abstract:
With the simultaneous rise of two titans in Asia, India and China, what are the features that mark their relations with one another? Furthermore, what can current relations tell us about future prospects for peace between the two nations? These are the fundamental questions with which Jonathan Holslag is concerned. He notes that these are not new questions but ones that have been the subject of continuous debate. He argues that this debate has broadly produced two camps: the first camp is focused on the “security relationship,” while the second analyzes the above questions from the perspective of the increased interdependence between the two nations. Holslag aims to situate his work by taking into account information from both camps.
Topic:
Security and Economics
Political Geography:
China, India, and Asia

1725. Race for the money: international financial centres in Asia

Author:
Darryl S L Jarvis
Publication Date:
01-2011
Content Type:
Journal Article
Journal:
Journal of International Relations and Development
Institution:
Central and East European International Studies Association
Abstract:
Asia's emergence as a key player in the global economy is witnessing intense competition within the region to become Asia's next great international financial centre (IFC). Hong Kong, Singapore and Shanghai, among others, are vying for primacy, attempting to attract dense clusters of financial services firms and reap the lucrative rewards associated with this. This paper explores this emerging competition. It does so from the perspective of attempting to map the parameters necessary to become an IFC, particularly the institutional, political and spatial contexts that facilitate the concentration of international financial services. Why and how financial clustering occurs and the factors that determine the location of financial centres is an important public policy concern, both for established centres eager to maintain their competitive position as well as emerging economies keen to identify the policy levers necessary to support financial sector growth. To that end, the paper explores the experiences and strategies of three of Asia's current contenders: Hong Kong, Shanghai and Singapore. It analyses the policy architecture, financial sector strategies, institutional mechanisms and spatial geographies undergirding financial sector growth, and the constraints, obstacles and challenges each face in developing and or consolidating their IFC.
Political Geography:
Shanghai, Asia, Singapore, and Hong Kong

1726. Newcomers, Outsiders and Insiders: Immigrants and American Racial Politics in the Early Twenty-First Century

Author:
Rodolfo O. De La Garza
Publication Date:
05-2011
Content Type:
Journal Article
Journal:
Political Science Quarterly
Institution:
Academy of Political Science
Abstract:
The nationʼs demographics have dramatically changed since its founding. Since the 1960s, immigration has transformed a society almost completely populated by Europeans into a multi-religious, polyglot, majority-minority nation. Political science, except for notable exceptions, such as Lawrence Fuchʼs encyclopedic The American Kaleidoscope, is new to the study of how these immigrants have transformed the polity. Rather than target immigrationʼs effects directly, political analyses have targeted the impact of immigration via studies of Latino and Asian ethnic politics. This work, however, has not tested or produced theoretical insights into how immigration affects the nationʼs racial political processes, which is the goal of Newcomers, Outsiders and Insiders.
Political Geography:
Europe and Asia

1727. The Impending Squeeze

Author:
Tim W. Ferguson, Charles B. Heck, and Mitchell W. Hedstrom
Publication Date:
05-2011
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
ESSAY American Profligacy and American Power Roger C. Altman and Richard N. Haass The U.S. government is incurring debt at an unprecedented rate. If U.S. leaders do not act to curb their debt addiction, then the global capital markets will do so for them, forcing a sharp and punitive adjustment in fiscal policy. The result will be an age of American austerity. Would you like to leave a comment? 1CommentsJoin To the Editor: Roger Altman and Richard Haass ("American Profligacy and American Power," November/December 2010) persuasively argue that continued American profligacy promises to undermine American power. But the situation is even more urgent than they suggest. Although Altman and Haass expect markets to remain calm "possibly for two or three years," the rising price of gold suggests otherwise. Gold has risen from $460 per ounce to $1,400 per ounce in the last five years -- representing a 67 percent devaluation of the U.S. dollar per unit of gold. As former U.S. Federal Reserve Chair Alan Greenspan has said, gold is "the ultimate means of payment." Moreover, on top of new government debt over the next several years, maturing existing debt will need to be refinanced. At 4.6 years, the average maturity of the U.S. federal debt held by the public (debt that now totals $9.1 trillion) is tight relative to, for instance, the average maturity of 13.5 years for British government debt. According to the International Monetary Fund, the maturing debt of the U.S. government will equal 18.1 percent of U.S. GDP during 2011 alone. Altman and Haass rightly note that the U.S. government's annual interest expense will rise dramatically as its stock of debt increases and interest rates inevitably rise. Further debt increases would substantially darken the fiscal outlook for the federal government. And even a relatively small rise in interest rates would have a significant impact. TIM W. FERGUSON Editor, Forbes Asia CHARLES B. HECK Former North American Director, Trilateral Commission MITCHELL W. HEDSTROM Managing Director, TIAA-CREF
Topic:
Government
Political Geography:
United States, America, and Asia

1728. It's Not Only Rents: Explaining the Persistence and Change of Neopatrimonialism in Indonesia

Author:
Nina Korte
Publication Date:
05-2011
Content Type:
Working Paper
Institution:
German Institute of Global and Area Studies
Abstract:
Indonesia has long been associated with neopatrimonialism, corruption, collusion, and nepotism as the main modi operandi of politics, economics and public administration. Despite various measures and initiatives to fight these practises, little evidence for a significant decline can be found over the years. Rather, longitudinal analysis points to changes in the character of neopatrimonialism. Based on more than 60 in-depth interviews, focus-group discussions, and the analysis of both primary and secondary data, the aim of this article is, first, to describe the changes that have taken place, and, second, to investigate what accounts for these changes. Political economy concepts posit the amount and development of economic rents as the explanatory factor for the persistence and change of neopatrimonialism. This study's findings, however, indicate that rents alone cannot explain what has taken place in Indonesia. Democratisation and decentralisation exert a stronger impact.
Topic:
Corruption, Democratization, Economics, and Authoritarianism
Political Geography:
Indonesia, Asia, and Southeast Asia

1729. Global fiscal consolidation

Author:
Warwick McKibbin
Publication Date:
05-2011
Content Type:
Working Paper
Institution:
Lowy Institute for International Policy
Abstract:
The build up in government debt in response to the 'great recession' has raised a number of policy dilemmas for individual countries as well as the world as a whole. Where the government fiscal stimulus was seen as necessary to restore confidence to markets and stimulate deteriorating economies in the aftermath of the 'great recession' by 2010 the massive fiscal stimulus programs and associated run-up in debt had, for many economies, become a confidence sapping exercise. This need for a change of fiscal policy stance has fuelled another debate that has two related aspects. One is the impact of fiscal consolidation on economies that are tightening and the flow-on effects to the world economy. The other debate is how much tightening there should be and how quickly.
Topic:
Debt, Economics, Global Recession, and Financial Crisis
Political Geography:
Asia and Australia/Pacific

1730. Policy overboard: Australia's increasingly costly Fiji drift

Author:
Jenny Hayward-Jones
Publication Date:
05-2011
Content Type:
Policy Brief
Institution:
Lowy Institute for International Policy
Abstract:
What is the problem? Australia's tough-love policy towards Fiji has failed to persuade the government of Voreqe Bainimarama to restore democracy to Fiji and may even be helping to entrench his regime. The Fiji government, resistant to external pressure, has instead developed new allegiances and partnerships which undermine Australia's influence. Australia's reputation as a major power in the South Pacific and as a creative middle power more broadly may be diminished by the Fiji government's continued intransigence. Over time the Fiji people's once-strong connections with Australia may dwindle and Australia's relevance to Fiji gradually diminish unless the Australian government takes decisive action now.
Topic:
Foreign Policy and Democratization
Political Geography:
Asia and Australia/Pacific