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  • Author: Charles E. Morrison
  • Publication Date: 10-2014
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: In the past quarter-century Asia has seen vast changes, including increased economic growth, integration, and liberalization. The Asia Pacific Economic Cooperation (APEC) process, now marking its 25th anniversary, facilitated these changes through its institution of the first regular meetings of ministers and then leaders. But what role should APEC play in the future? With a continuing diffusion of power, what was once hailed as an imminent "Asian century" is much more likely to be a global one. This international system, however, will have a trans-Pacific core with much of the economic power and potential to provide global leadership for the further development of international norms, rules, and cooperation. Thus, we may be able to refer to an "Asia-Pacific century." Two questions arise: Is North America, with a relatively small share of global population and a declining share of global world product, still relevant? Will the nations on the two sides of the Pacific really be able to use their power effectively to assume global leadership? The answer to the first of these is "yes," and to the second, "it depends."
  • Topic: Economics, International Cooperation, International Political Economy, International Trade and Finance
  • Political Geography: Asia
  • Author: Kevin Carmichael
  • Publication Date: 11-2014
  • Content Type: Policy Brief
  • Institution: Centre for International Governance Innovation
  • Abstract: Canadian Prime Minister Stephen Harper will miss the 2014 Beijing APEC summit. His former spokesman says it does not matter. "[I]t's safe to say that Canada won't lose out by skipping this particular summit, at this particular time, for this particular reason," Andrew McDougall (2014) wrote in an opinion article posted on the Canadian Broadcasting Corporation's (CBC's) website on November. In early October, a US State Department official told an audience in Washington, DC that Beijing was shaping up to be a "good" summit, in part because US President Barack Obama was planning to attend after missing the previous two APEC leaders' meetings (Wang 2014).
  • Topic: Economics, Regional Cooperation
  • Political Geography: United States, India, Asia
  • Author: Jesse MacLean, Andrew McCauley, Emily Newcombe
  • Publication Date: 10-2014
  • Content Type: Policy Brief
  • Institution: Centre for International Governance Innovation
  • Abstract: Canada has demonstrated a strong interest in strengthening economic partnerships across the Asia-Pacific, having recently expanded its diplomatic presence in the region through the establishment of a mission to the Association of Southeast Asian Nations (ASEAN), and reaffirmed its desire to join such forums as the East Asia Summit. While Canadian officials routinely find themselves simply passing through Asian capitals, Canada's market share in the Asia-Pacific is below potential and Canada lags behind in comprehensive trade agreements signed with the region's states (Dobson 2012). As Canada seeks to expand trade ties in the Asia-Pacific, its active engagement must come not only through sustained presence in economic forums, but also through tangible investment in the region's security architecture.
  • Topic: Security, Disaster Relief, Humanitarian Aid
  • Political Geography: Canada, Asia
  • Author: Steph Cousins
  • Publication Date: 11-2014
  • Content Type: Policy Brief
  • Institution: Oxfam Publishing
  • Abstract: Climate-related disasters and food crises are devastating thousands of lives and holding back development across Asia. A year on from the devastating super-typhoon Haiyan in the Philippines, Oxfam calls for governments across Asia, backed by regional and global institutions and fair contributions from wealthy countries, to ramp up efforts to address these challenges. Without greater investment in climate and disaster-resilient development and more effective assistance for those at risk, super-typhoon Haiyan-scale disasters could fast become the norm, not the exception.
  • Topic: Climate Change, Disaster Relief, Environment, Humanitarian Aid, Natural Disasters
  • Political Geography: Asia, Philippines
  • Author: Roberto Alvarez, José De Gregorio
  • Publication Date: 11-2014
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: Latin American performance during the global financial crisis was unprecedented. Many developing and emerging countries successfully weathered the worst crisis since the Great Depression. Was it good luck? Was it good policies? In this paper we compare growth during the Asian and global financial crises and find that a looser monetary policy played an important role in mitigating crisis. We also find that higher private credit, more financial openness, less trade openness, and greater exchange rate intervention worsened economic performance. Our analysis of Latin American countries confirms that effective macroeconomic management was key to good economic performance. Finally, we present evidence from a sample of 31 emerging markets that high terms of trade had a positive impact on resilience.
  • Topic: Emerging Markets, International Trade and Finance, Monetary Policy, Financial Crisis
  • Political Geography: Asia, Latin America
  • Publication Date: 05-2014
  • Content Type: Video
  • Institution: International Crisis Group
  • Abstract: To contain a growing, increasingly confident insurgency as NATO troops withdraw, Afghanistan needs continued international support, including military, and the new government in Kabul will need to reinvigorate the state's commitment to the rule of law.
  • Topic: NATO, Armed Struggle, Insurgency
  • Political Geography: Afghanistan, Asia