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2. CURRENT RUSSIA – NORTH KOREA RELATIONS: CHALLENGES AND ACHIEVEMENTS
- Author:
- Alexander Vorontsov
- Publication Date:
- 02-2007
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- Policy toward North Korea is an important component of Russia's general strategy toward the Asia-Pacific region, which is now regarded by Moscow as a crucially import ant area. This growing emphasis on Asia is evidenced by President Vladimir Putin's increased participation in APEC summits including the November 2005 meeting in Pusan, South Korea, and Russia's development of a dialogue partnership with the Association of Southeast Asian Nations (ASEAN). During the first Russia-ASEAN summit, held in Malaysia just before the East Asian Summit in December 2005, President Putin gave a speech to the participants of the nascent East Asian Community (EAC), a new multidimensional integration association in the region.
- Topic:
- International Relations and Foreign Policy
- Political Geography:
- Russia, Europe, Malaysia, East Asia, Asia, South Korea, North Korea, and Asia-Pacific
3. Saving and Demographic Change: The Global Dimension
- Author:
- Barry Bosworth and Gabriel Chodorow-Reich
- Publication Date:
- 11-2006
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- This paper uses a panel data set of 85 countries covering 1960-2005 to investigate the macroeconomic linkages between national rates of saving and investment and population aging. The issue takes on added significance because of the recent suggestion that the decline in global interest rates has been driven by demographic changes in the industrial economies. We do find a significant correlation between the age composition of the population and nations' rates of saving and investment, but the effects vary substantially by region. They are very strong for the non-industrial economies of Asia, but weak in the high-income countries. We also find evidence demographic effects on both the public and private components of national saving. Furthermore, we conclude that the demographic effects on saving will be less disruptive than sometimes believed because of offsetting declines in investment. However, the effects on saving are stronger than those for investment, implying that most aging economies will ultimately be pushed in the direction of current account deficits.
- Topic:
- International Relations, Demographics, and Economics
- Political Geography:
- Asia
4. Permanent Normal Trade Relations for China
- Author:
- Nicholas R. Lardy
- Publication Date:
- 05-2000
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- In what has been described as its most important vote this year, the U.S. Congress will soon decide whether to provide permanent normal trade relations to China. A vote is required because, after 14 years of negotiations, China is poised to enter the World Trade Organization (WTO). Assuming China concludes its bilateral negotiations with the European Union by June or July, entry is likely before the end of the year. The cornerstone principle of the World Trade Organization is that members provide each other unconditional Most Favored Nation trade status, now called Permanent Normal Trade Relations (PNTR) in U.S. trade law. Current U.S. law precludes granting PNTR to China; as a result President Clinton has asked Congress to amend the law. A negative vote would have no bearing on China's entry into the World Trade Organization, but it would mean that U.S. companies would not benefit from the most important commitments China has made to become a member. Gaining the full range of benefits is particularly important in light of the large and growing deficit the United States faces in its trade with China (Figure 1). A positive vote would give U.S. companies the same advantages that would accrue to companies from Europe, Japan, and all other WTO member states when China enters the World Trade Organization. It would also provide an important boost to China's leadership, that is taking significant economic and political risks in order to meet the demands of the international community for substantial additional economic reforms as a condition for its WTO membership. A positive vote would strengthen bilateral economic relations more generally. That may help place a floor on the broader bilateral relationship, which continues to face critical challenges on security issues, stemming largely from tensions between China and Taiwan, and on human rights issues.
- Topic:
- International Relations and International Trade and Finance
- Political Geography:
- United States, China, Europe, and Asia