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52. Slower Growth
- Author:
- John H. Makin
- Publication Date:
- 02-2005
- Content Type:
- Policy Brief
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- The average forecast for 2005 U.S. growth is 3.5 percent, with some prognosticators hoping for 4 percent. This forecast is predicated upon the assumption that the economy is on a sustainable expansion path, where consumption will be supported by steady growth of employment and household incomes. The 3.5 percent growth forecast for 2005 is identical to the mean growth rate of the U.S. economy since 1947. However, there is good reason to believe that the consensus forecast is too high. This possibility has important consequences because U.S. growth must be sustained at least at average levels to avoid a sharp drop in global growth. There are no signs of higher growth in Europe and Asia. Growth in Japan is looking weaker, while Chinese growth is moderating.
- Topic:
- Economics, International Trade and Finance, and Political Economy
- Political Geography:
- United States, Japan, China, Europe, and Asia
53. Global Economic Governance at a Crossroads: Replacing the G-7 with the G-20
- Author:
- Johannes F. Linn and Colin I. Jr. Bradford
- Publication Date:
- 04-2004
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- Finance ministers representing the Group of 7 (G-7) industrialized countries met in Boca Raton, Florida, in early February amid concerns about the weakening of the U.S. dollar. One factor in the dollar's decline is the U.S. trade deficit, which is partly due to the undervalued Chinese yuan. The involvement of China, which is not a G-7 member, illustrates both the glaring gap in global governance and the increasing economic and policy interdependence between industrial countries and major emerging market economies (EMEs). As one observer, referring to the Boca Raton meeting, put it, "China is the 800-pound gorilla and it isn't even part of the negotiations."
- Topic:
- International Relations, Foreign Policy, Government, and Political Economy
- Political Geography:
- United States and China
54. China Brief, Energy Concerns and China's Unresolved Territorial Disputes
- Author:
- Matthew Oresman, Drew Thompson, John C.k. Daly, and Harvey Stockwin
- Publication Date:
- 12-2004
- Content Type:
- Policy Brief
- Institution:
- The Jamestown Foundation
- Abstract:
- While much of the world is fixated on China's booming economic growth and its ravenous appetite for energy, untidy diplomatic loose ends in the form of territorial disputes with neighbors have many of the countries bordering the Asian giant nervous. Though Beijing's claims over Taiwan remain the focus of world attention, China is embroiled in unresolved territorial maritime and land issues with no less than thirteen of its neighbors. Given that China's military capability is growing apace with its economy, the potential for military conflict over the disputed regions is similarly on the rise. While China up to now has attempted to address these issues diplomatically, the fact that many of the unresolved border disputes involve potential energy reserves might prompt China to use military force to resolve issues of strategic economic interest.
- Topic:
- International Relations, Government, and Political Economy
- Political Geography:
- China, Israel, Taiwan, Beijing, and Asia
55. China Brief, Beijing's North Korean Gambit
- Author:
- Willy Lam, Lionel Martin, John Tkacik, and Toby Lincoln
- Publication Date:
- 10-2004
- Content Type:
- Policy Brief
- Institution:
- The Jamestown Foundation
- Abstract:
- Beijing is flashing the North Korean (DPRK) card at a time when the Chinese Communist Party (CCP) leadership feels increasingly threatened by an anti-China “containment policy” that Washington is supposedly spearheading with the help of Japan, Taiwan and other Asian countries and regions.
- Topic:
- International Relations, Government, and Political Economy
- Political Geography:
- Japan, China, Washington, Israel, Taiwan, Beijing, Asia, and North Korea
56. China Brief, China's Quest for Energy Security
- Author:
- Wenran Jiang, Willy Lam, Dennis J. Blasko, and Eric Teo
- Publication Date:
- 10-2004
- Content Type:
- Policy Brief
- Institution:
- The Jamestown Foundation
- Abstract:
- The year is 2008. The setting is the vast West Pacific region. To break the US-Japan- Taiwan military containment of China, the combined air, navy and armed forces of the Chinese Liberation Army (PLA), equipped with newly established carrier battle groups, have destroyed all U.S. military bases in the region, taken control of all strategic sea routes from the Strait of Malacca to the Persian Gulf, and imposed an oil embargo to choke the U.S., Japan, Taiwan and their allies.
- Topic:
- International Relations, Government, and Political Economy
- Political Geography:
- Japan, China, Israel, and Taiwan
57. China Brief, Hu Jintao's Move to Consolidate Power
- Author:
- Eugene Kogan, Willy Lam, Drew Thompson, Dennis J. Blasko, and Zhu Feng
- Publication Date:
- 09-2004
- Content Type:
- Policy Brief
- Institution:
- The Jamestown Foundation
- Abstract:
- President and Central Military Commission (CMC) Chairman Hu Jintao has moved swiftly to tighten his grip over the People's Liberation Army (PLA). The emphasis that the new commander-in-chief has put on flexing the nation's fast-growing military muscle has fed speculation that he will be taking a more hard-line stance on relations with the U.S. and with Taiwan. However, it is unlikely that the predominant Hu-Wen Faction – a reference to the leadership team under Hu and Premier Wen Jiabao – will unveil too many major initiatives until it has consolidated its control over the Chinese Communist Party (CCP), the government and the army.
- Topic:
- International Relations, Government, and Political Economy
- Political Geography:
- United States, China, Israel, and Taiwan
58. China Brief, Hong Kong's LegCo Elections: Overcoming the System
- Author:
- Christine Loh, Willy Lam, Eric Teo, and Zhenzhen Chen
- Publication Date:
- 09-2004
- Content Type:
- Policy Brief
- Institution:
- The Jamestown Foundation
- Abstract:
- The 1.784 million voters that participated in Hong Kong's 2004 Legislative Council Election gave a clear signal that they want democracy sooner rather than later. Whereas until now Hong Kongers have only been able to select the opposition, the recent elections indicated the people's desire to elect their city government. However, herein lies the uniqueness of Hong Kong's political system. Despite the city's many achievements in education standards, economic vibrancy, and social stability, its seven million people have yet to be allowed to freely choose their municipal political leaders.
- Topic:
- International Relations, Government, and Political Economy
- Political Geography:
- China and Israel
59. China Brief, China and Japan: The Separation of Economics and Politics
- Author:
- Christine Loh, Eugene Kogan, Willy Lam, Drew Thompson, and Zhu Feng
- Publication Date:
- 09-2004
- Content Type:
- Policy Brief
- Institution:
- The Jamestown Foundation
- Abstract:
- The soon-to-be-announced appointment of former Vice-Foreign Minister Wang Yi as Chinese Ambassador to Japan is emblematic of efforts by the Hu Jintao-Wen Jiabao leadership to improve Sino-Japanese relationship. In the past year, bilateral ties have deteriorated due to a host of issues ranging from “the question of history” – and compensation for World War II-related damages – to altercations over rights to oil and gas under the East China Sea. Protests by nationalistic Chinese groupings outside the Japanese Embassy in Beijing, banned until about two years ago, have become almost routine. Ugly scenes at a recent soccer match between the two national teams in the Chinese capital demonstrated the hostility with which many Chinese regard their nextdoor neighbor. And in Japan, the “China threat” theory is fast gaining ground owing to the perception that an economically and militarily strong China is throwing its weight around and threatening Japanese interests everywhere.
- Topic:
- International Relations, Government, and Political Economy
- Political Geography:
- Japan, China, and Israel
60. China Brief, New Challenges in the Election Season
- Author:
- Stephen Green, Willy Lam, Eric Teo, and Alexandr Nemets
- Publication Date:
- 08-2004
- Content Type:
- Policy Brief
- Institution:
- The Jamestown Foundation
- Abstract:
- Although the Chinese leadership faces no electoral contenders, Beijing will soon have to deal with two uncertain but crucial elections in the next four months, the consequences of which could have serious implications for China's internal political cohesiveness as well as regional stability. In September, Hong Kongers will elect their Legislative Council (Legco), of which 30 seats are set aside for election through universal suffrage and the other 30 through “functional representation.” And in December, Taiwanese go to the polls to choose their next Legislative Yuan (Taiwan's legislature), nine months after they had renewed the mandate of President Chen Shui-Bian for a second term in March.
- Topic:
- International Relations, Government, and Political Economy
- Political Geography:
- China, Israel, and Taiwan