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51. China-Pakistan Economic Corridor: A Road to Development and its Challenges

Author:
Mubeen Adnan and Bushra Fatima
Publication Date:
07-2016
Content Type:
Journal Article
Journal:
South Asian Studies
Institution:
Department of Political Science, University of the Punjab
Abstract:
On the world map, Pakistan and China being the neighboring states are inclined to develop and strengthen their relations with each other. These two states can be called as the good neighbors who can assist each other during the time of crisis. Both countries have had always a welcoming attitude towards each other in different situations due to which right from their independence till today in the 21st century, they are cooperative, supportive, encouraging, and friendly states among the other states of the world. This article is based on the fact that apart from the diplomatic, cultural relations, Pakistan and China are making great attempts and efforts for building viable economic relations with each other. It is also to see that how much these two would be beneficial in their economic interests by making the Gawadar project in their journey of making progress in economic capabilities. What challenges are being faced by these states in terms of the economic corridor. It is assumed that However, through this macro-level economic project both Pakistan and China would lead up to reach their destinations along with the attainment of their national interests.
Topic:
Development, International Trade and Finance, Bilateral Relations, and Economic Growth
Political Geography:
Pakistan, China, South Asia, Asia, and Punjab

52. Impact of China Slowdown on India

Author:
Geetima Das Krishna and Ankit Bhardwaj
Publication Date:
02-2016
Content Type:
Working Paper
Institution:
Centre for Policy Research, India
Abstract:
After three decades of double-digit growth, China is slowing as it is rebalancing its economy from export-driven to less-volatile domestic consumption driven economy. The paper looks at the impact of China slowdown on India through different channels. Even though India is usurping China as the fastest growing major economy in the world, Indian economy being a fifth of the Chinese economy and also less material intensive can hardly substitute for China as a global growth driver. China has emerged as the largest trading partner of India but India’s trade still remains less vulnerable to Chinese slowdown directly as India’s services exports account for as much as 50% of India’s overall exports (merchandise and services). On the other hand, China’s total FDI investment in India has been miniscule $1.2 billion till September 2015 and India’s infrastructure sector, with its massive investment needs, can be the natural destination for Chinese investments. India reaped the indirect benefit of lower commodity prices in terms of narrower CAD, softening inflation, lower interest rate, increased government fiscal bonanza, all of which contributed to greater macro-stability in India. It was also found that a 50bps decline in China’s growth rate is likely to lower India’s growth by 30bp in the short run.
Topic:
International Trade and Finance, Bilateral Relations, Economy, Economic Growth, and Regional Integration
Political Geography:
China, South Asia, India, and Asia

53. The Blind Men and the Elephant: Making Sense of China's One Belt One Road Initiative

Author:
Nimmi Kurian
Publication Date:
12-2016
Content Type:
Special Report
Institution:
Centre for Policy Research, India
Abstract:
China’s One Belt One Road Initiative has virtually been a lightning rod for divisive debate and a polarised narrative since it was announced in 2013. For India, it has been the proverbial elephant in the room, as it awkwardly swings between willful pretence and wishful erasure. The policy brief looks at the clues this initiative could offer on the likely drivers of China’s economic diplomacy in the region. There could be three signals for India to watch out for. A clear pointer is the growing role of domestic determinants in setting the direction and pace of China’s regional economic engagement. Another pointer could be China’s role in shaping and defining Asia’s new institutional financial architecture. Lastly, the initiative could be a signal of how China is likely to engage with the larger questions of benefit sharing, trade-offs and the allocation of risks and burdens in subregional Asia.
Topic:
Diplomacy, International Trade and Finance, Regional Cooperation, Infrastructure, Economic Growth, and Soft Power
Political Geography:
China, South Asia, India, and Asia

54. Manila’s Pivot Toward Beijing

Author:
Peter Wood
Publication Date:
11-2016
Content Type:
Journal Article
Journal:
China Brief
Institution:
The Jamestown Foundation
Abstract:
In mid-October, Philippine President Rodrigo Duterte visited China. His visit was marked by a recalibration in Philippine policy toward China and the announcement of economic and military “separation” from the United States.
Topic:
Development, International Trade and Finance, Bilateral Relations, and Economic Growth
Political Geography:
China, Malaysia, Asia, Philippines, and United States of America

55. BRICS As a Transregional Advocacy Coalition

Author:
Roberta Rodrigues Marques de Silva and Eduardo Rodrigues Gomes
Publication Date:
01-2015
Content Type:
Journal Article
Journal:
AUSTRAL: Brazilian Journal of Strategy International Relations
Institution:
Postgraduate Program in International Strategic Studies, Universidade Federal do Rio Grande do Sul
Abstract:
In this article, we aim to: (i) review the concepts adopted in the literature to explain the nature and behavior of the BRICS in international relations and (ii) present a new BRICS conceptualization proposal. From the first to the last Summit Conference, the BRICS explicitly advocates a multilateral world order through the inclusion of emerging countries in the base institutions of the Western order. For the elaboration of the article, we review the literature on BRICS, as well as the approach on regionalism proposed by Soderbaum to elaborate our conceptualization of the BRICS as an advocacy coalition.
Topic:
Development, Hegemony, Economic Growth, and Regionalism
Political Geography:
Russia, China, Europe, India, Asia, South Africa, Brazil, and South America

56. Challenges for the Future of Chinese Economic Growth

Author:
Jane T. Haltmaier
Publication Date:
01-2013
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
The Chinese economy has been growing at a rapid pace for over thirty years. Most of this growth has come from higher labor productivity, while growth of employment has diminished along with a slower rate of increase in the working-age population. This paper looks at the challenges that China will face over the next two decades in maintaining its rapid pace of economic growth, especially as working-age population growth slows further and then begins to decline. Key questions include whether China will be able to continue to devote nearly half of its GDP to investment, whether such investment will become less productive as the capital-labor ratio continues to rise, whether labor participation and employment rates will fall as the population becomes less rural, and whether future shifts out of rural employment will go more toward the services rather than the manufacturing sector, where productivity is higher. In the baseline scenario economic growth falls gradually from its current pace of about 10 percent to near 6-1/2 percent by 2030. However, a combination of less optimistic, but still reasonable assumptions, results in a reduction in the growth rate to about 1-1/2 percent by 2030.
Topic:
International Trade and Finance, GDP, Employment, and Economic Growth
Political Geography:
China and Asia

57. Determinants of Economic Growth in BRIC Countries

Author:
Rajeev K. Goel and Iikka Korhonen
Publication Date:
09-2011
Content Type:
Working Paper
Institution:
Institute for Advanced Development Studies (INESAD)
Abstract:
We study economic growth in four emerging economies - Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do medium term growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? And (c) Does lower institutional quality hinder growth? Results show that while BRIC nations have higher growth, there are significant within-group differences. China and Russia mostly showed higher growth, while India sometimes showed positive growth, and Brazil did not outperform the rest. Policy implications are discussed.
Topic:
Corruption, Economic Growth, Institutions, Exports, and BRIC
Political Geography:
Russia, China, India, and Brazil

58. China A New Superpower? Dimensions of Power, Energy, and Security

Author:
George Friedman, Atilla Sandikli, Subhash Kapila, Zhang Zuqian, Jiang Yang, Cagdas Ungor, Marcin Zaborowski, Ghulam Ali, Kadir Ayhan, Ceren Ergenc, and Atilla Sandikli
Publication Date:
12-2010
Content Type:
Book
Institution:
BILGESAM (Wise Men Center for Strategic Studies)
Abstract:
The People's Republic of China with a visibly booming economy in the last decades created its own economic spheres of influence and came to affect the overall balances in the world. The consequences of its economic advance and ever growing energy consumption are emerging as significant variables capable of shaping international political developments. With the expanding military build-up, China is also generating concerns beyond its immediate neighborhood. Clarifying the rapid growth of China and worldwide implications of this process constitute the first major motivation b ehind p ublishing this study. Benefited of the opportunities of the globalization in the post- Cold War period, China has a progressively more integrated economy with the global markets. China with its increasing economic and military capacities is turning in to a robust power base in the eastern hemisphere. With a thriving position in world politic s and ability to influence events and to protect its own interests at global scale, Beijing has the potential to be a superpower. The other major motivation thus appeared from the necessity to question whether China will achieve to be a superpower in t he near future.
Topic:
Security, Foreign Policy, Energy Policy, Globalization, Power Politics, and Economic Growth
Political Geography:
China and Asia

59. Infrastructure, Knowledge Creation and Spillovers and Economic Growth in China

Author:
Sangaralingam Ramesh
Publication Date:
03-2009
Content Type:
Working Paper
Institution:
School of Oriental and African Studies - University of London
Abstract:
The economic prosperity associated with the Coastal regions of China has not ‘trickled’ down to the Western and Central regions sufficiently enough to eliminate the disparities in income between the regions. Indeed, the disparities between China’s Coastal regions and its other regions continue to deepen to the present day. In the Mao period the Central planners held the mistaken belief that investment in the railways and development of heavy industry in the interior parts of China would bring prosperity. In the reform period and beyond, the focus of economic development in China has been to take advantage of China’s low labour costs. In the earlier part of the reform era the focus of economic reforms centred on the development of Special Economic Zones (SEZ’s) .In the second phase of reform policies were centred on the High Technology Development Zones [NHTIDZ’s].A characteristic feature of both SEZ’s and NHTIDZ’s is that they represent a concentration of infrastructure within a predefined spatial area. The framework of analysis in this paper is the New Economic Geography [NEG] .The NEG addresses the formation of agglomeration economies accruing to physical linkages in one location. However, the NEG does not address the issue of how agglomeration economies form due to knowledge creation linkages which are location independent. The main facet of this approach is that it will allow for a qualitative analysis of the spatial aspects of the infrastructural and knowledge creation factors affecting China’s economic growth. Previous approaches which have been used to study infrastructure and economic growth in China have been based on Econometric techniques. These approaches use measures such as length of railway, length of roads and telephone density, while in reality the concentration of infrastructure in the SEZ’s and NHTIDZ’s as significantly contributed to China’s post 1978 economic growth.
Topic:
Infrastructure, Income Inequality, and Economic Growth
Political Geography:
China and Asia

60. China’s Premature Rise to Great Power

Author:
Liselotte Odgaard
Publication Date:
04-2007
Content Type:
Working Paper
Institution:
MIT Center for International Studies
Abstract:
China's so-called rise to great power status is usually taken for granted. Still, a convicning argument can be made that Beijing's post-Cold War grand strategy is based on fear of failure rather than management of success. China only qualifies as a great power by the skin of its teeth, if the lower limit of such status is defined as the ability to decide how to do things in either the economic, military or political sectors of the international system.1 China’s position as a political great power is largely determined by the implosion of the Soviet Union. Its ascendancy to this rank has been based on psychology in that a successor challenging U.S. pre-eminence was expected and pronounced before the fact. While Beijing has convinced the surroundings that China is a great power, it is struggling to catch up both economically and militarily with the United States. Contemporary China faces three major challenges: economically and militarily it con- tinues to lag far behind the United States, U.S. grand strategy threatens its rise, and a Chinese alternative to the liberal model of state-society relations has not been developed. Beijing’s foreign policy is therefore based on the premise of how to avoid China’s descent into the ranks of secondary powers.
Topic:
Diplomacy, Power Politics, Military Affairs, and Economic Growth
Political Geography:
United States, China, Asia, and North America