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2. US-Japan Development Cooperation for Stability and Prosperity in the Pacific Islands Region
- Author:
- Hideyuki Shiozawa
- Publication Date:
- 06-2022
- Content Type:
- Special Report
- Institution:
- East-West Center
- Abstract:
- Mr. Hideyuki Shiozawa, Senior Program Officer, Pacific Island Nations Program Team, Ocean Policy Research Institute, the Sasakawa Peace Foundation, accounts for regional complexities and Japan-US synergies as he outlines possible structures for Japan-US trilateral development cooperation with Pacific Island partners.
- Topic:
- Development, Political stability, Foreign Assistance, and Cooperation
- Political Geography:
- Japan, Asia, North America, United States of America, and Oceania
3. China is Not Conducting Debt Trap Diplomacy in the Pacific--At Least Not Yet
- Author:
- Jonathan Pryke
- Publication Date:
- 03-2020
- Content Type:
- Commentary and Analysis
- Institution:
- East-West Center
- Abstract:
- In an atmosphere of heightened geostrategic competition, China’s Belt and Road Initiative (BRI) has raised questions about the risk of debt problems in less-developed countries. Such risks are especially worrying for the small and fragile economies of the Pacific. A close look at the evidence suggests that China has not been engaged in debt-trap diplomacy in the Pacific, at least not so far. Nonetheless, if future Chinese lending continues on a business-as-usual basis, serious problems of debt sustainability will arise, and concerns about quality and corruption are valid.There have been recent signs that both China and Pacific Island governments recognize the need for reform. China needs to adopt formal lending rules similar to those of the multilateral development banks, providing more favorable terms to countries at greater risk of debt distress. Alternative approaches might include replacing or partially replacing EXIM loans with the interest-free loans and grants that the Chinese Ministry of Commerce already provides.
- Topic:
- Debt, Development, Diplomacy, Geopolitics, and Belt and Road Initiative (BRI)
- Political Geography:
- China, Asia, and Asia-Pacific
4. Flexible Implementation: A Key to Asia's Transformation
- Author:
- Luke Simon Jordan and Katerina Koinis
- Publication Date:
- 04-2014
- Content Type:
- Policy Brief
- Institution:
- East-West Center
- Abstract:
- Despite the region's economic growth over the last few decades, countries across Asia still face the complex challenge of structural transformation. Low-income economies must build formal industrial and service sectors from agricultural and informal bases; middle-income economies must move up the value chain; and high-income economies must continually generate new capabilities at the frontier of innovation.
- Topic:
- Development, Economics, Industrial Policy, and International Trade and Finance
- Political Geography:
- Asia