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  • Author: Richard Youngs
  • Publication Date: 01-2015
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: The relationship between the European Union (EU) and Asia is in flux. The EU intensified its economic ties to Asia and boosted its security cooperation in the region in 2011 and 2012. But new challenges, including the crises in Ukraine and the Middle East, have made it difficult to sustain this incipient momentum. There are a number of steps that EU and Asian governments can and should take to continue to strengthen their relations.
  • Topic: Security, Diplomacy, Economics
  • Political Geography: Europe, Ukraine, Middle East, Asia
  • Author: Ashley J. Tellis
  • Publication Date: 01-2014
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: China is poised to become a major strategic rival to the United States. Whether or not Beijing intends to challenge Washington's primacy, its economic boom and growing national ambitions make competition inevitable. And as China rises, American power will diminish in relative terms, threatening the foundations of the U.S.-backed global order that has engendered unprecedented prosperity worldwide. To avoid this costly outcome, Washington needs a novel strategy to balance China without containing it.
  • Topic: Foreign Policy, Economics, Military Strategy
  • Political Geography: United States, China, America, Washington, Asia
  • Author: Tang Xiaoyang
  • Publication Date: 08-2014
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: Asian investors' impact on Africa's cotton, textile, and apparel sectors may have profound consequences for the continent's industrialization and development. As southeast African countries seek to industrialize and build indigenous cotton-textile-apparel value chains, the interactions between Asian—particularly Chinese—investors and African companies become more and more complex. Indeed, Asian investors present both a challenge to and an opportunity for local industries, and southeast African countries need a clear vision and tailored policies to make the most of the opportunities. Asian investors' impact on Africa's cotton, textile, and apparel sectors may have profound consequences for the continent's industrialization and development. As southeast African countries seek to industrialize and build indigenous cotton-textile-apparel value chains, the interactions between Asian-particularly Chinese-investors and African companies become more and more complex. Indeed, Asian investors present both a challenge to and an opportunity for local industries, and southeast African countries need a clear vision and tailored policies to make the most of the opportunities.
  • Topic: Economics, International Trade and Finance
  • Political Geography: Africa, Asia
  • Author: Alejandro Foxley
  • Publication Date: 09-2010
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: While middle-income countries have pursued regional trade agreements since the 1960s, these ties are becoming more important as the global economic crisis curtails demand from the United States and other major markets. With the Doha Round of multilateral trade talks stalled, regional trade agreements (RTAs) offer an alternative approach to increase trade, spur stronger economic growth, and lower unemployment rates in participating countries.
  • Topic: Economics, International Trade and Finance
  • Political Geography: United States, Asia, Latin America
  • Author: George Perkovich
  • Publication Date: 10-2010
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: As he prepares to visit India in November, President Obama faces criticism that his administration has done too little to enhance U.S.–Indian relations. Pundits of this persuasion in Washington and New Delhi complain that Obama\'s team has tried too hard to cooperate with China in addressing regional and global challenges and has not done enough to bolster India.
  • Topic: Foreign Policy, Economics, Bilateral Relations
  • Political Geography: United States, China, Washington, India, Asia, New Delhi
  • Author: Robert Jellinek
  • Publication Date: 03-2009
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: This paper has its origins in the observation that government responses to the global financial crisis are as much political phenomena as they are economic. The current global financial crisis, among its many consequences, has on a very high level shaken up the world political order. And while the crisis is international in origin—its roots lie in the breadth and the degree of the dispersal of risk associated with mortgagebacked securities, as well as the growing imbalance in international capital flows—its resolution is necessarily being carried out first and foremost on a domestic level. This is not least of all because, in the decade since the Asian financial crises, states have begun to play a dramatically increased role in international finance in relation to both multilateral financial institutions such as the IMF and traditional private actors. In an age where global economic ties are integral to domestic economies and where states themselves are becoming some of the biggest players in international capital markets, a state's global financial standing will more than ever determine its political clout on the world stage. With states acting as market makers, lenders of last resort, and regulators of last resort, the key to understanding the future of individual states in the global economic order can be found only by analyzing states' domestic and foreign policy decisions within the context of the specific constraints facing those states at home and abroad.
  • Topic: Economics, Emerging Markets, Human Rights, International Trade and Finance, Financial Crisis
  • Political Geography: Russia, Asia
  • Author: Albert Keidel
  • Publication Date: 01-2008
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: Since market reforms began in 1978, China's economy has shown cyclical fluctuations. These cycles of change appear in obvious statistical patterns-faster growth and then slower growth, higher price inflation and then lower inflation, stronger investment flows and then weaker investment-and all are accompanied by other cyclical fluctuations in a range of variables and policy initiatives. Most of these fluctuations tend to move together. Their beauty is that they allow analysis of which fluctuations influence others and, by extension, which policies might make a difference in managing China's economy. In this regard, the cyclical interaction between China's formal urban economy and its rural economy is particularly relevant for the issues facing Chinese policy makers today.
  • Topic: Economics, International Trade and Finance, Governance
  • Political Geography: China, Asia
  • Author: Sandra Polaski, Jianwu He, Li Shantong
  • Publication Date: 04-2007
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: China's economic growth during the past twenty-five years has been remarkable, averaging more than 9 percent a year. While there have been earlier episodes of comparable growth rates in countries such as Japan and South Korea, there is no precedent for such rapid growth in a country the size of China, whose population of 1.3 billion is thirteen times that of Japan when that nation began its rapid growth. The impact on the rest of the world of economic dynamism on this scale is already being felt. If China continues its rapid growth in the coming decades, it will take the global economy into uncharted terrain.
  • Topic: Demographics, Development, Economics
  • Political Geography: Japan, China, Asia, South Korea
  • Author: Matthew Ocheltree, Sherman Katz
  • Publication Date: 10-2006
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: Russia has been in the process of seeking membership in the World Trade Organization (WTO) since June 1993. Currently, the United States is the only major economic power that has yet to finalize a bilateral market access agreement with the Russian Federation. Most observers of the situation concur that the enforcement of intellectual property rights laws remains, along with agriculture, one of the two major hurdles to Russian accession to the World Trade Organization.
  • Topic: International Relations, Economics, International Trade and Finance
  • Political Geography: Russia, United States, Europe, Asia
  • Author: Thomas E. Jr. Graham
  • Publication Date: 05-2002
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: For much of the first decade after the collapse of the Soviet Union, the issue of reform—of transition to free-market democracy—dominated discussions of Russia in Russia itself and in the West. Russian president Boris Yeltsin advocated reform; Western governments declared their support and offered their assistance. This was particularly true of the U.S. government. President Clinton's administration came into office in 1993 determined to assist Russia in its transformation into “a normal, modern state—democratic in its governance, abiding by its own constitution and by its own laws, market-oriented and prosperous in its economic development, at peace with itself and the rest of the world,” as deputy secretary of state Strobe Talbott, the chief architect of the U.S. administration's Russia policy, was wont to put it.
  • Topic: Economics, Government
  • Political Geography: Russia, United States, Europe, Asia, Soviet Union