Search

Begin New Search Topic International Relations Political Geography United States

501. China Brief, Balancing U.S. Interests in the Strait

Author:
Ronald N. Montaperto, Willy Lam, Cynthia Watson, and Jean-Pierre Cabestan
Publication Date:
05-2004
Content Type:
Policy Brief
Institution:
The Jamestown Foundation
Abstract:
In the view of many observers, the normalization of Sino-American relations signaled the end of a strategic relationship with the Republic of China (Taiwan) that had endured with but one brief interruption for forty years. The rapid growth of economic ties between the U.S. and mainland China in the 1980s seemed to confirm this assessment. Although political connections through the Taiwan Relations Act (TRA) remain strong, the major benefit to the United States of its unofficial relationship to the island lies in the economic realm.
Topic:
International Relations, Government, and Political Economy
Political Geography:
United States, China, Israel, and Taiwan

502. China Brief, Kim Jong-Il's Visit to Beijing: What Does it Mean for the West?

Author:
Mohan Malik, Matthew Oresman, Willy Lam, and Paul H.B Godwin
Publication Date:
04-2004
Content Type:
Policy Brief
Institution:
The Jamestown Foundation
Abstract:
The unusually effusive reception that the Chinese leadership accorded Dear Leader Kim Jong-Il last week has buttressed speculation that Beijing and Pyongyang probably reached some form of a deal even prior to the long awaited visit. According to diplomatic sources in Beijing, Kim agreed during discussions with his Chinese hosts to take a “more serious and proactive stance” toward the ongoing six-nation talks on dismantling his country's weapons of mass destruction (WMD). Moreover, the sources said the reclusive leader pledged that unless there was further “provocation” from the United States, Pyongyang would not engage in tension raising gimmicks such as testing bombs or missiles. And, at least for the time being, a freeze would be put on the development of new WMD.
Topic:
International Relations, Government, and Political Economy
Political Geography:
United States, China, Israel, Beijing, and Pyongyang

503. China Brief, Understanding Chinaís North Korea Policy

Author:
Frank Ching, You Ji, Willy Lam, and Eric Teo
Publication Date:
03-2004
Content Type:
Policy Brief
Institution:
The Jamestown Foundation
Abstract:
The two rounds of six-party talks in Beijing on the Korean nuclear standoff have demonstrated China.s unusual support for a multilateral solution to the conflict. This is symbolic of the country.s new diplomacy under Hu Jintao and Wen Jiabo. As is typical, Beijing is seeking to maximize its diplomatic gains for reasons related to national prestige and regional stability. What is new, however, is that the two leaders are trying to achieve these goals by having China act as a status quo power rather than through revisionist behavior. This change is vividly reflected in the fact that China has proven more willing to cooperate with the United States and is more determined to pressure North Korea. This brief article attempts to evaluate some of the domestic and international factors that are driving China to sponsor the six-party talks. conflicts on the Peninsula.with severe security implications for China. In the last few years two schools of thought have emerged in Beijing with respect to Chinese policy toward the DPRK. The first of these is the .buffer zone. school. It argues that, Pyongyang.s ill intentions and unpredictable adventurism notwithstanding, North Korea.s very existence remains of great strategic value to a China whose worst security nightmare is that of another Korean war. Moreover, any regime change that might occur in the DPRK as a result of war could bring the deployment of U.S. troops to positions close to the Sino-Korean borders. And taking into consideration a possible showdown between China and the United States in the Taiwan Strait, this could result in a hostile military presence right on China.s doorstep. Indeed, it was precisely this worst case scenario that China fought a war fifty-four years ago to prevent.
Topic:
International Relations, Government, and Political Economy
Political Geography:
United States, China, Israel, Taiwan, Beijing, North Korea, Korea, and Pyongyang

504. Missile Defense All Over Again

Author:
Michelle Ciarrocca
Publication Date:
10-2004
Content Type:
Policy Brief
Institution:
Foreign Policy In Focus
Abstract:
Under President Clinton, it became U.S. policy to deploy a National Missile Defense (NMD) system "as soon as technologically feasible." However, Clinton's commitment to missile defense was tempered by his pledge to base a deployment decision on four criteria: the overall cost of the program, its technical feasibility, an assessment of the ballistic missile threat facing the United States, and the impact that NMD might have on arms control and arms reduction efforts. In contrast, President Bush has set no criteria to constrain deployment.
Topic:
International Relations, Foreign Policy, and Government
Political Geography:
United States

505. U.S. Military Bases in Latin America and the Caribbean

Author:
John Lindsay-Poland
Publication Date:
08-2004
Content Type:
Policy Brief
Institution:
Foreign Policy In Focus
Abstract:
The United States maintains a complex web of military facilities and functions in Latin America and the Caribbean, what the U.S. Southern Command (known as SouthCom) calls its "theater architecture." U.S. military facilities represent tangible commitments to an ineffective supply-side drug war and to underlying policy priorities, including ensuring access to strategic resources, especially oil.
Topic:
International Relations, Foreign Policy, and Government
Political Geography:
United States, Latin America, and Caribbean

506. Strategic Surprises for a New Administration

Author:
Jason R. Wisniewski
Publication Date:
09-2004
Content Type:
Working Paper
Institution:
Institute for the Study of Diplomacy, Edmund A. Walsh School of Foreign Service, Georgetown University
Abstract:
The Institute for the Study of Diplomacy's Schlesinger Working Group met during the fall of 2004 to discuss potential strategic surprises that could confront a new administration. The group focused on identifying candidate surprises and scenarios that could appear early in its term. Some examples of events the group sought to anticipate included trend reversals, out-of-the blue surprises, or second-order surprises caused by currently “visible” possibilities. During its first meeting, held shortly before the presidential election, the group discussed over a dozen possible scenarios in political, military, economic, and environmental fields. This list was further developed in intensive discussion in early December. This report draws on those discussions whose purpose was not to predict but to think “outside the box,” and concludes with a set of policy recommendations for the second Bush Administration.
Topic:
International Relations, Diplomacy, and Government
Political Geography:
United States

507. How Terrorism Affects American Diplomacy

Author:
Thomas O. Melia
Publication Date:
03-2004
Content Type:
Working Paper
Institution:
Institute for the Study of Diplomacy, Edmund A. Walsh School of Foreign Service, Georgetown University
Abstract:
Interviews with several dozen senior American diplomats-including ambassadors and others currently serving abroad-indicate that the daily conduct of U.S. diplomacy has recently been altered in significant ways by the elevated threat of terrorism against American interests made manifest on September 11, 2001; the worldwide War on Terror declared by President George W. Bush in consequence; and the prosecution of the war in Iraq, on which diplomats are as divided as other Americans regarding whether it is or is not part of the global War on Terror.
Topic:
International Relations, Diplomacy, and Government
Political Geography:
United States, Iraq, and America

508. Are We Headed for a "Cyber-9/11?": The American Failure in Cyberstrategy

Author:
Benoit Gagnon
Publication Date:
12-2004
Content Type:
Working Paper
Institution:
The Raoul Dandurand Chair of Strategic and Diplomatic Studies, Université du Québec à Montréal
Abstract:
In the wake of September 11, the U.S. Superpower once again became a target. This time, the attack was carried out by means of the Internet. How effective is American cyberstrategy? Examining the hacking scene in the last couple of years, it is clear that it is not an adequate response to present – and future – cyberthreats. Therefore, it is fair to say that the United States has a national security problem rather than a cybersecurity problem and to conclude that as things stand at present the American government is steering the United States toward a cyber-9/11.
Topic:
International Relations, Science and Technology, and Terrorism
Political Geography:
United States and America

509. International Diversification at Home and Abroad

Author:
Fang Cai and Francis E. Warnock
Publication Date:
12-2004
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
We analyze foreigners' and domestic institutional investors' positions in U.S. equities. Controlling for many factors, we uncover a common preference for large firms and firms that are diversified internationally. The domestic preference for internationally diversified firms implies that investors might obtain substantial international diversification by investing at home. Using an international factor model, we show that exposure to foreign equity markets is indeed greater for domestic firms that are more diversified internationally, suggesting that at least some of the home-grown foreign exposure translates into international diversification benefits. After accounting for home-grown foreign exposure, the share of 'foreign' equities in investors' portfolios nearly doubles, reducing (but not eliminating) the observed home bias.
Topic:
International Relations, Development, Economics, and International Trade and Finance
Political Geography:
United States

510. The Performance of International Portfolios

Author:
Francis E. Warnock, Charles P. Thomas, and Jon Wongswan
Publication Date:
08-2004
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
This paper evaluates the performance of U.S. investors' portfolios in the equities of over 40 countries over a 25-year period. We find that these portfolios achieved a significantly higher Sharpe ratio than foreign benchmarks, especially since 1990. We uncover three potential reasons for this success. First, U.S. investors abstained from momentum trading and instead sold past winners. Second, conditional performance tests provide no evidence that the superior (unconditional) performance owed to private information, suggesting that the successful exploitation of publicly available information played a role. Third, the documented preference for cross-listed and well-governed foreign firms appears to have served U.S. investors well. We conclude with a short discussion of the implications of our findings for the home bias literature.
Topic:
International Relations, Economics, and International Trade and Finance
Political Geography:
United States