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71. The Increasing Role of Asia in Multilateral Development Finance

Author:
Rogerio Studart, Tatiana Rosito, Joachim Von Amsberg, José Pio Borges, Karin Vazquez, Leslie Maasdorp, and Martin Raiser
Publication Date:
12-2020
Content Type:
Special Report
Institution:
Brazilian Center for International Relations (CEBRI)
Abstract:
What is the role of Asian Development Banks in the multilateral financial system? This report presents the topics discussed at the XXI China Analysis Group Meeting, coordinated by Anna Jaguaribe, CEBRI Board Member. Specialists such as Leslie Maasdorp, Joachim Von Amsberg, Karin Vazquez and Martin Raiser, who work at multilateral institutions such as the World Bank, the New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB) discussed the topic “Asia’s Increasing Role in the Multilateral Development Financial System”.
Topic:
Development, Finance, Multilateralism, and Banking
Political Geography:
China and Asia

72. China and COVID-19: a shock to its economy, a metaphor for its development

Author:
George Magnus
Publication Date:
02-2020
Content Type:
Working Paper
Institution:
LSE IDEAS
Abstract:
The Chinese government’s draconian actions to control the coronavirus seem to be producing a remarkable economic contraction. As so many are unable to attend or resume work at the moment, the government’s palliative economic measures may gain little traction. Although the demand shock will eventually fade, other longer-term issues will surely endure. The supply shock will be less obvious but more corrosive. The government’s questionable conduct in managing the public health crisis has unveiled significant features about governance in Xi’s China that can be mapped on to China’s development. While this crisis is the biggest challenge Xi has faced, there is little doubt that he will survive it, champion the party’s role in the nation’s rescue, and feel emboldened to continue with his authoritarian governance. Yet it is this that, in the long run, will prove incompatible with China’s economic development ambitions.
Topic:
Development, Economy, COVID-19, and Health Crisis
Political Geography:
China and Asia

73. China’s Deepening Diplomatic and Economic Engagement in Afghanistan

Author:
Syed Fazl-e Haider
Publication Date:
04-2020
Content Type:
Journal Article
Journal:
China Brief
Institution:
The Jamestown Foundation
Abstract:
On February 29, U.S. and Taliban representatives signed the “Agreement for Bringing Peace to Afghanistan” in Doha, Qatar, which laid out a framework for ending the 18-year old conflict in Afghanistan (U.S. State Department, February 29). Despite skepticism in many quarters regarding the viability of the deal, the negotiations leading to the agreement have been supported by many international actors, to include the government of the People’s Republic of China (PRC). On February 18, PRC Foreign Ministry spokesman Geng Shuang (耿爽) commented on the U.S.-Taliban negotiations by stating that “China firmly supports the broad and inclusive peace and reconciliation process [and] welcomes the news that the U.S. and the Taliban are expected to reach and sign a deal… China stands ready to step up cooperation with all parties to the Afghan issue and the international community for peace, stability and development in Afghanistan” (PRC Foreign Ministry Briefing, February 18). As the U.S plans to draw down its forces in Afghanistan—a key element of the February 29 deal—China is set to further deepen its involvement in Afghanistan (Nikkei Asian Review, January 14, 2019). Beijing wishes to achieve at least two key objectives. First, it wants once and for all to block any contact between the Taliban and ethnic Uighur Muslim militants seeking independence from China (China Brief, April 24, 2019). Second, the PRC wants long-term stability in Afghanistan in order to extend the China-Pakistan Economic Corridor (CPEC)—the flagship project of China’s Belt and Road Initiative (BRI)—to the war-wracked country. Beijing sees Afghanistan as a primary link between the Central Asian republics and the CPEC (China Brief, December 10, 2019). To achieve its objectives, Beijing has pursued positive engagement with the Taliban movement that controls more than half of Afghanistan’s territory. These ties have increased over the past couple of years: for example, in 2019 Taliban representatives paid at least two visits to Beijing (in June and September) for talks with PRC officials (CGTN, June 20, 2019; Al-Jazeera, September 23, 2019).
Topic:
Development, Diplomacy, International Cooperation, and Strategic Interests
Political Geography:
Afghanistan, China, Middle East, and Asia

74. The domestic risk of Chinese partnerships: cross-conditionality and coalition building

Author:
Alejandro Angel
Publication Date:
09-2020
Content Type:
Journal Article
Journal:
Conjuntura Austral: Journal of the Global South
Institution:
Conjuntura Austral: Journal of the Global South
Abstract:
Chinese credits became a viable, and preferred, alternative during the pink tide in part because it lacked traditional conditionality clauses. However, these financial operations, as well as others, often imply the existence of cross-conditionality. In opposition to traditional variants of conditionality, cross-conditionality implies that operations in the realms of trade, finance, or aid for development can be jeopardized as a response to decisions taken by national authorities that change previously agreed conditions in parallel projects. The main objective of this study is to explore the possible consequences of cross-conditionality, particularly the political consequences, in the Brazilian government’s coalition building. The hypothesis is that cross-conditionality represents a similar risk than the one that traditional conditionality represented in terms of national autonomy insofar as national governments would still have their hands tied, although for different reasons. We find that cross-conditionality affects the coalition-building efforts of national governments since it can be used to affect key government partners. In Brazil, agribusiness, a key partner of Bolsonaro’s government, is the sector that could be potentially affected if the Chinese government decides to implement cross-conditionality as a retaliatory measure to hostile policies or declarations of the Brazilian government vis-à-vis Chinese interests.
Topic:
Development, Partnerships, Trade, Coalition, and Cross-conditionality
Political Geography:
China, Asia, Brazil, and South America

75. Developing Countries Can Help Restore the WTO's Dispute Settlement System

Author:
Ana González and Euijin Jung
Publication Date:
01-2020
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
By refusing to fill vacancies in the World Trade Organization’s (WTO) Appellate Body—the top body that hears appeals and rules on trade disputes—the Trump administration has paralyzed the key component of the dispute settlement system. No nation or group of nations has more at stake in salvaging this system than the world’s big emerging-market economies: Brazil, China, India, Indonesia, Korea, Mexico, and Thailand, among others. These countries have actively and successfully used the dispute settlement system to defend their commercial interests abroad and resolve inevitable trade conflicts. The authors suggest that even though the developing countries did not create the Appellate Body crisis, they may hold a key to unlock it. The Trump administration has also focused its ire on a longstanding WTO practice of giving these economies latitude to seek “special and differential treatment” in trade negotiations because of their developing-country status. The largest developing economies, which have a significant stake in preserving a two-step, rules-based mechanism for resolving trade disputes, could play a role in driving a potential bargain to save the appeals mechanism. They could unite to give up that special status in return for a US commitment to end its boycott of the nomination of Appellate Body members.
Topic:
Development, Government, World Trade Organization, Developing World, and Donald Trump
Political Geography:
China, Indonesia, India, South Korea, Brazil, North America, Mexico, Thailand, and United States of America

76. China’s BRI: The Development-Finance Dimension

Author:
David Gordon and Haoyu Tong
Publication Date:
03-2020
Content Type:
Working Paper
Institution:
International Institute for Strategic Studies
Abstract:
This report is the first of two synthesising the findings of a major research workshop convened in Washington DC on 26 June 2019, by The International Institute for Strategic Studies (IISS), as part of its multi-year project on China’s Belt and Road Initiative (BRI). The IISS commissioned ten papers that addressed development-finance and security issues in the BRI, prepared by leading scholars and policy practitioners. They were joined at the workshop by more than two dozen other experts on China’s international behaviour. This first report focuses on development-finance issues in the BRI; the second will address security issues broadly cast. China’s Belt and Road Initiative is now six years old. Announced by (then) newly ensconced President Xi Jinping, it has since become the centrepiece of Xi’s ambitious drive to make China a more active global leader, and to break free from the cautious approach set out more than 30 years earlier by then-paramount-leader Deng Xiaoping – that China’s strategic approach should be to ‘hide its capacities and bide its time’. At the Chinese Communist Party’s (CCP) 19th Congress in 2017, the BRI was integrated into the party’s charter. Much of the early analytical work on the BRI has focused on questions surrounding China’s motivations – economic or geopolitical. Is Xi’s initiative a response to changing domestic economic circumstances? Or does it signal evidence of China’s intent to build a twentyfirst- century imperium modelled on the post-war United States-led experience, more than on European colonial or earlier Asian empires? The emerging consensus on this question is that it has been a bit of both. At the same time, an often overlooked factor is Xi’s constant need to further consolidate his power inside China, as the economics versus geopolitics debate about the motivations for the BRI gives too little attention to the more purely political dimension. The BRI cannot be separated from Xi’s efforts to cast himself domestically as an exceptional leader for an exceptional moment in China’s history.
Topic:
Development, Globalization, Infrastructure, Hegemony, and Belt and Road Initiative (BRI)
Political Geography:
China and Asia

77. Behind Xi Jinping’s Declaration of Victory Over Poverty

Author:
Elizabeth Chen
Publication Date:
12-2020
Content Type:
Policy Brief
Institution:
The Jamestown Foundation
Abstract:
The Chinese state news organization Xinhua announced on November 23 that nine provinces in Guizhou had been lifted out of absolute poverty, marking the removal of all counties from China’s national list of most impoverished counties (Xinhua, November 24). About a week later, Chinese Communist Party (CCP) General Secretary Xi Jinping announced that China had achieved the goal of eradicating absolute poverty and becoming a “moderately prosperous society” (小康社会, xiaokang shehui) before the end of 2020 (China Daily, December 2; Xinhua, December 4).[1] This heralded a wave of triumphal propaganda. Xi stressed the “critical importance of continuously advancing global poverty reduction” during his remarks at the G20 Riyadh Leader’s Summit on November 22, and held up China’s imminent achievement of eliminating absolute poverty ten years ahead of the deadline set by the United Nations 2030 Agenda for Sustainable Development as a model for global emulation (Xinhua, November 23). Chinese official media frequently cited the praise of foreign experts, who were quoted as saying that China’s achievement “gave a hope to the developing countries” and represented a “great historic accomplishment” amid the COVID-19 pandemic (Xinhua, November 25, Xinhua, December 8) On December 14, Xi sent a letter of congratulations to the International Forum on Sharing Poverty Reduction Experience that said, “China stands ready to work with all countries in promoting the process of international poverty reduction and building a community with a shared future for mankind” (China Daily, December 14).
Topic:
Development, Poverty, Xi Jinping, and Domestic Policy
Political Geography:
China and Asia

78. China Leverages Tibetan Plateau’s Water Wealth

Author:
Brahma Chellaney
Publication Date:
06-2020
Content Type:
Special Report
Institution:
Georgetown Journal of International Affairs
Abstract:
While the international attention remains on China’s recidivist activities in the disputed waters of the South China Sea, where it continues to incrementally expand its strategic footprint, Beijing is also quietly focusing its attention on the waters of rivers that originate in the resource-rich, Chinese-controlled territory of Tibet.
Topic:
Development, Environment, Science and Technology, Territorial Disputes, Water, and Sustainability
Political Geography:
China, Asia, and Tibet

79. A COMPARATIVE ANALYSIS OF THE BRICS COUNTRIES IN THE INTERNATIONAL DEVELOPMENT COOPERATION FIELD

Author:
Augusto Leal Rinaldi and Laerte Apolinário Júnior
Publication Date:
01-2020
Content Type:
Journal Article
Journal:
Conjuntura Austral: Journal of the Global South
Institution:
Conjuntura Austral: Journal of the Global South
Abstract:
The first decade of the 21st century gave way to a series of international political-economic dynamics with the potential to reorganize global power (IKENBERRY, 2018; KITCHEN; COX, 2019; MAHBUBANI, 2009; MEARSHEIMER, 2018, 2019). Among the changes, one common reference is the rise of the BRICS –Brazil, Russia, India, China, and South Africa –and, consequently, their performance for demanding reforms of the global governance system (COOPER, 2016; HURRELL, 2018; ROBERTS; ARMIJO; KATADA, 2018; STUENKEL, 2017). The emerging economies have invested in consolidating their new status by acting in different branches of global governance, demanding changes and policies to see a reasonable parity between their economic weight and ability to participate as real decision-makers. In this context, international regimes are a crucial dimension to consider.
Topic:
Development, International Cooperation, International Political Economy, Geopolitics, International Development, Economic Development, and Economic Cooperation
Political Geography:
Russia, China, India, South Africa, and Brazil

80. New Developments in China's Financial and Economic System

Author:
Ronald Schramm
Publication Date:
11-2020
Content Type:
Video
Institution:
Weatherhead East Asian Institute, Columbia University
Abstract:
Ronald Schramm, Visiting Associate Professor of International and Public Affairs, Columbia University Moderated by: Shang-Jin Wei, N. T. Wang Professor of Chinese Business and Economy and Professor of Finance and Economics, Columbia Business School Professor Jin Wei will interview Ron Schramm about new and important developments in China’s financial and economic system since the first edition of Schramm's textbook in 2015 (Routledge/Taylor&Francis): China Macro Finance: A US Perspective. Both new reforms and retrenchments in the Chinese economy will be discussed as well as the fraught economic relationship with the United States. Students and scholars of China will benefit by putting their own research in the context of how far China has come and where it is going in terms of economic and financial reform.
Topic:
Development, Diplomacy, Economics, Reform, Finance, and Business
Political Geography:
China, Asia, and United States of America