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2081. Safeguarding Sudan’s Revolution

Author:
International Crisis Group
Publication Date:
10-2019
Content Type:
Special Report
Institution:
International Crisis Group
Abstract:
Sudan’s post-Bashir transition holds the promise of civilian rule but also perils, among them renewed insurgency, economic stagnation and backsliding into autocracy. Outside powers should press the military to adhere to its power-sharing pact with the opposition. Authorities in Khartoum should pursue peace with rebels. What’s new? Since Omar al-Bashir’s 11 April ouster, Sudan’s military leadership and opposition alliance have appointed a new prime minister, formed a cabinet and assembled a supervisory council to oversee a power-sharing deal concluded on 17 August. If honoured, the deal could pave the way for elections and civilian rule. Why does it matter? Sudan faces a crushing economic crisis, insurgencies and political polarisation, with a security establishment bent on keeping power and an opposition movement determined to instal a fully civilian administration. The 17 August agreement represents the best pathway both to achieving reform and to averting spiralling violence. What should be done? The AU, U.S. and EU, together with Gulf states, should push the generals to respect the power-sharing deal. They should encourage Khartoum to make peace with insurgents in peripheral areas. The U.S. should rescind Sudan’s state sponsor of terrorism designation while maintaining pressure on the military in other ways.
Topic:
Conflict Prevention, Economy, Negotiation, Revolution, Transition, and Omar al-Bashir
Political Geography:
Africa and Sudan

2082. Analysis of the Socio-Economic Situation of the Mountainous Region of the Guria and Khulo Municipalities

Author:
Zurab Batiashvili and Alexander Kvakhadze
Publication Date:
01-2019
Content Type:
Policy Brief
Institution:
Georgian Foundation for Strategic International Studies -GFSIS
Abstract:
The purpose of the present study is to analyze the social and economic problems in the Khulo municipality and the mountainous region of Guria and identify ways to solve them. It is noteworthy that both the internal socioeconomic challenges and the current geopolitical reality are greatly influencing the region. The paper examines the challenges facing the region in the fields of religion, political engagement, education and socio-economic development. The combination of these problems to some extent impedes the region’s progress and its full integration into Georgia’s social and political space. The work has been produced under the auspices of the United Kingdom Good Governance Fund and the British Good Governance Fund in the framework of the Rondeli Foundation’s project entitled Promoting Participation and Engagement in Local Governance in the Mountainous region of Guria and Adjara.
Topic:
Development, Geopolitics, Economy, and Rural
Political Geography:
Eurasia, Caucasus, and Georgia

2083. Tariffs will ultimately harm US economy

Author:
Dong Yan and Zang Chengwei
Publication Date:
07-2019
Content Type:
Policy Brief
Abstract:
That Vice-Premier Liu He talked with US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin on the phone on Monday raises hope that China and the United States would resume the bilateral trade negotiations.
Topic:
Bilateral Relations, Economy, Tariffs, Trade Wars, and Trade
Political Geography:
China, Asia, North America, and United States of America

2084. The Function Transformation of Central Banks and Commercial Banks under the Application of Digital Fiat Currency

Author:
Song Shuang and Liu Dongmin
Publication Date:
04-2019
Content Type:
Policy Brief
Abstract:
Since the advent of Bitcoin, digital currency and its underlying distributed ledger technology have been spread and applied rapidly around the world. Traditionally, currency issuance and circulation are based on binary tree structure, with the central bank as the highest node, commercial banks in the middle and the public and enterprises at the bottom. However, in the distributed ledger system, all nodes have similar privileges and can transact with each other directly. Hence, the advocators promote the potential of digital currency to subvert the monetary control of sovereign countries and alter the traditional business of commercial banks with the characteristics of decentralization, trust-free intermediary, non-tampering and encryption security. On the other hand, the dissenters believe that transaction nodes in distributed ledger system will be greatly increased, and hence reducing the professionalism of transaction processing and forfeiting the authenticity of original information, which then becomes difficult to play a significant role in the future economy.
Topic:
Science and Technology, Economy, Banks, Central Bank, Currency, and Bitcoin
Political Geography:
China and Global Focus

2085. China’s economy seeks bottom amid downward pressure in 2019

Author:
Qiyuan Xu
Publication Date:
02-2019
Content Type:
Policy Brief
Abstract:
Proactive fiscal policy will be employed this year to meet the challenge of downward pressure In 2019, the Chinese economy is expected to seek a bottom as a slowdown is inevitable. It is anticipated that it will stabilize at the end of the year or early next year at a growth rate of around 6.3 percent. With China's economy entering a new era, policymakers should focus more on the quality of growth in addition to maintaining a moderately high growth rate. ...... At the same time, China's economy is facing a lot of downward pressuredomestically. First, confidence in the financial market needs to be restored. In2018, China's financial market was hit many times; its stocks, bonds, fundsand internet finance, for example, were all affected. In addition, at present, thewidening credit spreads and the high degree of liquidity between bankscannot be converted into loans to enterprises and other market entities. Facedwith rising market risks and faltering consumer confidence, investors preferlow-risk or risk-free asset allocations.
Topic:
Markets, Financial Markets, Economy, and Fiscal Policy
Political Geography:
China and Asia

2086. Supply-side reform leads to economic resilience

Author:
Qiyuan Xu
Publication Date:
02-2019
Content Type:
Policy Brief
Abstract:
China's GDP grew 6.6 percent in 2018, according to National Bureau o ftatistics data. Despite the slight slowdown in the GDP growth rate, however, exports grew at a relatively high 9.9 percent year-on-year calculated in US dollars. And, not surprisingly, China's trade surplus with the United States expanded further. ...... Besides, the relative prosperity index of small and medium-sized enterprises has dropped to the second-lowest point in a decade, and the financial cost differentiation among various industries is growing. This may have a negative impact on not only short-term macroeconomic stability, but also the development space of relevant emerging industries and long-term growth momentum.
Topic:
Reform, GDP, Economy, Economic Growth, and Resilience
Political Geography:
China and Asia

2087. Perceiving Truth and Ceasing Doubts: What Can We Learn from 40 Years of China’s Reform and Opening up?

Author:
Fang Cai
Publication Date:
05-2019
Content Type:
Working Paper
Abstract:
China’s reform, opening up and resultant economic growth in the past 40 years haveled to the accumulation of an immense array of experiences, which economists areobligated to look into, analyze and theorize upon. In fact, the rich literature in thisarea has positively assessed and documented China’s successful experiences. However,theories that were established in Western countries have been applied as doctrine tojudge China’s experiences. By adopting an analytical framework unifying historicallogic and theoretical logic, the purpose of this paper is to reveal the unique Chineseexperience and its relevance to the general laws of economic development. Based on theexperiences of and in reference to research findings about China, this paper chroniclesthe process of reform, opening up and economic growth, and analyzes the nexus betweenthem. The study demystifies how the incentive mechanism, the factor accumulation andallocation system, market development, and macro policy environment reforms havespurred China’s economic growth, structural changes and the increase in productivity.The changes in development stage are examined and policy implications for furtherreform are discussed.
Topic:
Reform, Economy, Economic Growth, and Trade Policy
Political Geography:
China and Asia

2088. Stormclouds and Solutions: Anticipating and Preparing for Climate Change and Security Risks in the Caribbean

Author:
Shiloh Fetzek and Oliver Leighton-Barrett
Publication Date:
02-2019
Content Type:
Policy Brief
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
A region long-tested by both extreme weather events and illicit economic activity, the Caribbean has developed abundant expertise in climate science and disaster resilience. It also has many underlying governance and security challenges which may amplify each other as climate impacts intensify. In this policy brief authors Shiloh Fetzek and Lt. Commander US Navy (ret.) Oliver Leighton-Barrett identify the key regional security risks exacerbated by climate change, which include: 1. economic contraction, violence and criminal activity; 2. disaster impacts and political repercussions; 3. food and water insecurity, damage to livelihoods and social unrest; and 4. Central and South American security deterioration impacting on the Caribbean. Anticipating and addressing these challenges by integrating security cooperation and climate resilience initiatives could support existing risk management structures and advance long-term economic and socio-political stability in the Caribbean.
Topic:
Security, Climate Change, Natural Disasters, Economy, and Resilience
Political Geography:
South America, Central America, and Caribbean

2089. From 'Rebalance to Asia' to 'Free and Open Indo-Pacific': The Development of the U.S.-Vietnam Comprehensive Partnership

Author:
Bich T. Tran
Publication Date:
11-2019
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
Under the Obama administration’s Rebalance to Asia, Vietnam gradually gained importance in U.S. foreign policy as the two countries formed a “comprehensive partnership” in 2013. Despite the Trump administration’s America First policy, the United States prioritizes its partnerships with Vietnam and other Southeast Asian countries in its Free and Open Indo-Pacific Strategy. While a common concern about China’s behavior in the South China Sea has facilitated the growth of U.S.-Vietnam relations, the foundation of the relationship is cooperation on Vietnam War legacy issues. The two countries have made remarkable progress in advancing diplomatic, economic, and defense ties regardless of remaining challenges. The year 2020 would be ideal for the United States and Vietnam to upgrade the relationship to a “strategic partnership”: it marks the 25th anniversary of the normalization of bilateral relations, Hanoi’s ASEAN chairmanship, and the start of Vietnam’s term as a non-permanent member of the United Nations Security Council.
Topic:
Foreign Policy, Diplomacy, Bilateral Relations, Partnerships, Economy, Donald Trump, and Barack Obama
Political Geography:
Asia, Vietnam, and United States of America

2090. Chinese, Japanese, and Korean Inroads into Central Asia: Comparative Analysis of the Economic Cooperation Roadmaps for Uzbekistan

Author:
Timur Dadabaev
Publication Date:
12-2019
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
China, Japan, and South Korea have regarded Central Asia as a new Asian frontier in their foreign policies since the collapse of the Soviet Union. With time, their policies evolved into regionbuilding initiatives exemplified by the Shanghai Cooperation Organization, Belt and Road Initiative, Central Asia plus Japan Dialogue Forum, and Korea-Central Asia Cooperation Forum. This paper raises the following research questions: What are the areas of interest for China, Japan, and Korea in their relations with Central Asian states and Uzbekistan in particular? What are the patterns of agenda setting in establishing intergovernmental cooperation? What are the particular projects that these states initiate? What are the objectives of projects initiated within these areas of interest? How competitive or complementary are these projects of China, Japan, and Korea? Throughout, Chinese, Japanese, and Korean “Silk Road” roadmaps with Uzbekistan are discussed to highlight their similarities and differences.
Topic:
Foreign Policy, Economy, and Economic Cooperation
Political Geography:
Japan, China, Central Asia, Asia, South Korea, and Uzbekistan