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Begin New Search Topic Trade Political Geography Asia Content Type Special Report Publication Year within 10 Years

1. General Equilibrium Analysis of Cost-Effectiveness and Distributional Impacts of China’s Nationwide CO2 Emissions Trading System

Author:
Xianling Long, Da Zhang, Lawrence Goulder, and Chenfei Qu
Publication Date:
03-2023
Content Type:
Special Report
Institution:
Asia Society
Abstract:
China introduced the world's largest emissions trading system in 2021 which is intended to help cost-effectively achieve its pledges of reaching a peak in CO2 emissions before 2030 and carbon neutrality before 2060. The system is a tradable performance standard (TPS) with a bottom-up intensity-based emissions cap, unlike a top-down absolute cap approach commonly used globally. General Equilibrium Analysis of Cost-Effectiveness and Distributional Impacts of China’s Nationwide CO2 Emissions Trading System developed and applied a multi-sector, multi-period general equilibrium model to assess the emissions, energy mix, and economic impacts of a series of options for the future development of this policy. These included cap-setting, benchmark design, auction design, and sectoral expansion, with valuable insights provided on the potential future evolution of this policy.
Topic:
Climate Change, Economy, Trade, and Carbon Emissions
Political Geography:
China and Asia

2. Countering Economic Coercion: Tools and Strategies for Collective Action

Author:
Wendy Cutler and Haeyoon Kim
Publication Date:
03-2023
Content Type:
Special Report
Institution:
Asia Society
Abstract:
conomic coercion has become one of the most pressing and growing challenges on the international scene today, which has raised concerns about the potential damage to global economic growth, the rules-based trading system, and international security and stability. Compounding this issue is the difficulty faced by governments worldwide, particularly small and mid-sized nations, in effectively responding to such measures. In light of this challenge, Asia Society Policy Institute (ASPI) hosted an online discussion “Countering Economic Coercion: Tools and Strategies for Collective Action,” on February 28th moderated by Wendy Cutler, ASPI Vice President; and featuring Victor Cha, Senior Vice President for Asia and Korea Chair at the Center for Strategic and International Studies; Melanie Hart, Senior Advisor for China and the Indo-Pacific in the Office of the Under Secretary of State for Economic Growth, Energy, and the Environment; Ryuichi Funatsu, Director for Economic Security Policy Division at the Ministry of Foreign Affairs of Japan; and Mariko Togashi, Research Fellow for Japanese Security and Defense Policy at the International Institute for Strategic Studies.
Topic:
Economy, Economic Growth, Trade, and Coercion
Political Geography:
Asia

3. Trade Balances and International Competitiveness in Cyber-physical, Digital Task-intensive, ICT Capital-intensive and Traditional Industries

Author:
Alexandra Bykova and Roman Stöllinger
Publication Date:
05-2023
Content Type:
Special Report
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
In this report, we analyse the international competitiveness of the EU in four industry groups over the period 1995-2018. The groups are delineated by specific factor intensities, where these intensities are assessed from digital tasks performed by labour services and ICT capital stocks. The EU’s positions relating to trade balances, revealed comparative advantages and unit value ratios are assessed relative to its main competitors, such as the US, China, Japan and South Korea. The trade specialisation patterns confirm EU advantages in traditional industries, which still represent the largest part of global trade, and in the group of digital task-intensive industries. In the cyber-physical group of industries, which are characterised by both high digital task and ICT capital intensities, the EU records a trade deficit, although this has been receding in recent years. Competitiveness indicators depict heterogeneity among EU countries. The loss of international competitiveness for some technology front-runners is a worrying sign. On the positive side, however, a reduction in trade deficits or an improvement in product quality and market shares is evident for certain EU countries, especially in the Central European region.
Topic:
International Trade and Finance, European Union, Trade, Digitalization, and International Competition
Political Geography:
Japan, China, Europe, Asia, South Korea, and United States of America

4. Brazilian Perspectives for BRICS

Author:
Marcos Caramuru, José Mário Antunes, and Tatiana Rosito
Publication Date:
06-2022
Content Type:
Special Report
Institution:
Brazilian Center for International Relations (CEBRI)
Abstract:
The project “Brazilian Perspectives for BRICS - 2022”, developed by CEBRI at the invitation of the Chinese Embassy in Brazil, aimed at mapping trends and defining concrete strategies and proposals to, from a Brazilian perspective, inform the agenda and improve the joint action and international projection of the group, whose rotating presidency is held by China in 2022. The development, coordination, and results of the project were the responsibility of CEBRI and, beyond the original objective, constitute a contribution to the debate on BRICS in Brazil. The project brought together about 30 high-level Brazilian specialists from various areas (academia, civil society, private sector, and public sector) in three closed meetings. This Executive Summary presents a synthesis of the discussions.
Topic:
Development, Geopolitics, Trade, and BRICS
Political Geography:
China, Asia, Brazil, and South America

5. India’s Networking Response to the Chinese Threat

Author:
Rajesh Basrur
Publication Date:
06-2021
Content Type:
Special Report
Institution:
East-West Center
Abstract:
India has experienced rising tensions with China in recent years, as demonstrated by two border crises in 2017 and 2020-21. The second event saw the death of some 20 Indian troops, and at least 4 Chinese soldiers, in hand-to-hand combat – the first fatalities in nearly half a century of periodic border face-offs. New Delhi’s policy response has spanned both internal and external balancing. The former has involved augmenting India’s capacity to engage in limited combat of the type that nuclear-armed states have occasionally fought, as did the Soviet Union and China in 1969 and India and Pakistan in 1999. The Indian military has bolstered its border by deploying combat troops, cruise missiles, and advanced combat aircraft. However, China has done much the same, putting pressure on India to upscale its military capabilities. Simultaneously, India has tried to reduce its dependence on the Chinese economy, a more complicated task. Despite a 10 percent decline in bilateral trade owing to the Covid-19 pandemic and border tensions, China was India’s largest trading partner ($77.7 billion) in 2020. The Narendra Modi government sharply cut Chinese investment when the 2020 border confrontation in Ladakh broke out, expelling major Chinese companies like TikTok, WeChat, and UC Browser. Despite these measures, India’s ability to shut China out of its economy is limited. The Indian market depends heavily on Chinese electronic components (70 percent in value terms), pharmaceutical ingredients (70 percent), and consumer durables (45 percent).
Topic:
Conflict Prevention, Bilateral Relations, Economy, and Trade
Political Geography:
China, South Asia, India, and Asia

6. US, Japan, and South Korea Coordination Key to Competing in Southeast Asia

Author:
Karl Friedhoff and Lea Chang
Publication Date:
06-2021
Content Type:
Special Report
Institution:
Chicago Council on Global Affairs
Abstract:
In picking fronts that offer the paths of least resistance, trilateral cooperation will maximize the presence of all three countries in ASEAN, maintaining balance in the region and making collective progress toward economic and development goals. Despite its size, economic dynamism, and geographic position, Southeast Asia has received comparatively little attention in US foreign policy. Even as American policy becomes more focused on China, the United States lacks a coordinated strategy to respond to and compete with China’s vast trade and investment in Southeast Asia. But most ASEAN countries are wary of China’s growing influence and would be open to US involvement as they look to diversify. To take advantage of this opportunity, the United States must supplement its focus on the South China Sea with diplomatic and financial efforts on land. These efforts should offer an alternative to China’s largesse but should not seek a direct competition in hard infrastructure or in terms of dollar amounts invested. Nor should the United States go it alone. Instead, it should seek to cooperate with its allies—Japan and South Korea in particular—to pursue their respective competitive advantages. These include identifying and investing in small- and medium-sized enterprises in ASEAN, developing human capital in the region, and conducting joint maritime cleanup activities in coordination with ASEAN countries. Creating coordinated activities with Japan and South Korea in Southeast Asia should be the first step for the United States to roll back China’s influence in the region. But these efforts will need to be calibrated to ensure that they focus on the needs of countries in the region and not just engulf the region in the US-China competition.
Topic:
Security, Foreign Policy, Defense Policy, Infrastructure, Investment, and Trade
Political Geography:
Japan, China, Asia, North America, Southeast Asia, and United States of America

7. EU – Japan Economic Partnership Agreement: Strengthening economic ties as a way out of recession

Author:
Jana Záhořová
Publication Date:
11-2021
Content Type:
Special Report
Institution:
Europeum Institute for European Policy
Abstract:
Today, Japan remains an important international trading partner of the EU. Following China, Japan is the EU’s second-most important trading partner in Asia. According to experts from the European Commission, the Economic Research Institute for ASEAN and East Asia and the University of Pavia, the EU-Japan EPA is a success because it is a great example of a higher degree of economic integration that can put pressure on other countries to feel obliged to adhere to free trade rules rather than protectionism.
Topic:
Economics, Treaties and Agreements, European Union, Partnerships, and Trade
Political Geography:
Japan, Europe, and Asia

8. Iron ore futures: possible paths for Australia’s biggest trade with China

Author:
David Uren
Publication Date:
09-2021
Content Type:
Special Report
Institution:
Australian Strategic Policy Institute (ASPI)
Abstract:
The iron ore market is wrong-footing forecasters again, as it has throughout the last 20 years. Nobody expected the iron ore price to surpass US$200 a tonne as it did in May and no one predicted it would then plunge to less than US$100 as it has this week. This report argues that Australia’s troubled relationship with China will be influenced by which path the iron ore market takes over the medium term. China’s authorities are determined to reduce their dependence on Australian iron ore, both by seeking alternative supplies and by capping their steel production. However, China has been trying and failing to curb its steel production for the past five years, with many local governments ignoring central orders. In just the first six months of this year, 18 new blast furnaces capable of producing as much steel as Germany’s entire output were approved. Although China will never be able to rid itself entirely of the need for Australian supplies, this report warns that if an iron ore glut emerges, whether by Chinese government design or because of an economic downturn, the commodity may join the list of other Australian exports subject to Chinese coercion. The report also highlights that the effort to reduce its dependence on Australia will come at considerable cost to China. Australia is by far the cheapest and closest source of high-quality iron ore for China’s mills.
Topic:
Foreign Policy, Defense Policy, National Security, Natural Resources, Mining, and Trade
Political Geography:
China and Asia

9. Strategic Trade Controls in Southeast Asia: A Pandemic Update

Author:
Crystal Pryor and Ellise Fujii
Publication Date:
12-2021
Content Type:
Special Report
Institution:
Pacific Forum
Abstract:
The Pacific Forum, with support from the US State Department’s Export Control and Related Border Security Program, held a virtual Seminar on Strategic Trade Controls in Southeast Asia on July 27-28, and August 5-6, 2020 via Zoom. Over 90 people from the Indo-Pacific region representing relevant government departments and ministries, private sector, industry associations, academia, and civil society organizations joined the seminar. Following the conference, several experts in attendance were invited to submit short analytical commentaries for compilation into this volume. Key themes from this conference, along with a summary of each paper contribution, are outlined below. The seminar focused on four substantive topics: (1) the adoption of Strategic Trade Controls (STCs) for nonproliferation and internal security; (2) post-COVID-19 supply chains and trade facilitation; (3) ASEAN and STC; (4) the World Customs Organization, STC, and the exploration of maturity models. Following presentations and discussions on these topics, representatives from several Southeast Asian countries—Philippines, Malaysia, Singapore, Thailand, Vietnam, Cambodia, Laos, Myanmar, and Indonesia—offered updates on the adoption of STC in their respective jurisdictions. Panelists discussed the uneven STC implementation within the Southeast Asian region as evidenced by Singapore, Malaysia, Philippines, and Thailand’s recent adoption or calibration of regulations while others, such as Vietnam, Cambodia, and Brunei have been slower to implement a more robust system. The region’s history of non-alignment, past experience with export controls as a coercive mechanism, prioritization of economic growth, and the view that STC can be used for technological denial fuels skepticism. ASEAN is a late entrant to the development of free trade zones and regional economic integration. Although it seeks to attract international investment, relaxed oversight, susceptibility to smuggling, and a lack of transparency inhibit growth. Some participants suggested connecting STC with the World Customs Organization Authorized Economic Operator scheme as it can exist without a national STC system already in place.
Topic:
Security, Nonproliferation, Trade, ASEAN, and COVID-19
Political Geography:
Asia and Southeast Asia

10. The Opportunity is There: South Koreans’ Views of China and the Future of the US-ROK Alliance

Author:
John Lee
Publication Date:
04-2021
Content Type:
Special Report
Institution:
Pacific Forum
Abstract:
Officially, relations between the Republic of Korea and the People’s Republic of China remain cordial. Because of China’s economic heft and South Korea’s reliance on unmolested trade with the former for its continued economic development, South Korea takes great pains to be as neutral as possible between the United States and China despite its formal alliance with the US. As such, many pejoratively refer to South Korea as “the weak link” in America’s Northeast Asia alliance system. However, on a civil society level, an overwhelming majority of the South Korean public has a negative view of China—a view that has steadily gotten worse over time. Being a democracy that reflects voters’ popular will, growing anti-Chinese sentiment among voters means South Korea’s current policy of placating China will not be sustainable indefinitely. Meanwhile, the Trump administration largely neglected the alliance between South Korea and the United States. That neglect notwithstanding, an overwhelming majority of South Koreans either strongly or somewhat support the alliance with the United States. Conditions are perfect for the Biden administration to seek to repair and strengthen relations with South Korea to empower the alliance to serve as a credible bulwark against Chinese expansionism—this paper offers solutions on how to do so.
Topic:
International Relations, Foreign Policy, Economy, Alliance, and Trade
Political Geography:
China, Asia, and South Korea