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2151. Hong Kong and the Pearl River Delta: "One Country, Two Systems" in the Emerging Metropolitan Context

Author:
Thomas P. Rohlen
Publication Date:
07-2000
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Now, more than at any point since 1949, Hong Kong's economic future is tied to that of China. This commonplace observation must be coupled with the less obvious, but equally fundamental point that Hong Kong's future with China is based largely on activities that arise in or pass through the Pearl River Delta. This region, however, is cut in half by a sovereign border and governed by a patchwork of political authorities. The Delta as a whole is rich with opportunities, but it is increasingly apparent that these can be realized only if integration moves forward, both in a metropolitan and regional sense. This prospect is currently marked by serious uncertainties.
Topic:
Security
Political Geography:
United States, China, Asia, and Hong Kong

2152. Relating the U.S.-Korea and U.S.-Japan Alliances to Emerging Asia Pacific Multilateral Processes: An ASEAN Perspective

Author:
Chin Kin Wah and Pang Eng Fong
Publication Date:
03-2000
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
American military power underpinned the security structure of the Asia Pacific region during the Cold War. Post-Cold War, its role is still vital to peace and stability in the region. The most overt manifestations of American military might are the Japan–America Security Alliance (JASA) and the Korea–America Security Alliance (KASA). These bilateral alliances, together with a modified Australia–New Zealand–United States (ANZUS) treaty relationship, point to the diversity of security interests and perspectives in the region. Even during the height of the Cold War, the region never quite presented the kind of coherence that would have facilitated the creation of a truly multilateral defense framework of the sort exemplified by NATO. In Southeast Asia, the lack of strategic coherence resulted in a patchwork of defense arrangements between local and extraregional states. Dominated by the United States, the Southeast Asia Treaty Organization (SEATO) was only nominally regional.
Topic:
Security
Political Geography:
United States, America, Asia, Korea, Southeast Asia, and New Zealand

2153. The United States and the Republic of China, 1949-1978: Suspicious Allies

Author:
Steven M. Goldstein
Publication Date:
02-2000
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
This paper discusses the relationship between the United States and the Republic of China (ROC) from 1949 to 1979. This was an association that began and ended with an American determination to distance itself from the government on Taiwan, in the interests of improved relations with the government of the People's Republic of China (PRC) on the mainland. In the intervening years, the United States and the ROC were aligned in a relationship—formalized by a mutual defense treaty from 1955 to 1979—which weathered two (almost three) military confrontations with the PRC.
Topic:
Security
Political Geography:
United States, China, America, and Asia

2154. The Domestic Context of the Alliances: The Politics of Tokyo

Author:
Akihiko Tanaka
Publication Date:
01-2000
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
It is now almost a cliché to say that domestic politics and foreign policy are closely connected. Yet however trite this expression, nonetheless it is true. Japan's international behavior and particularly its security policy cannot be fully understood without analyzing its domestic politics. In post–World War II Japan, security policy has been the dominant theme of domestic politics and source of ideological divide.
Topic:
Security
Political Geography:
United States, Japan, Asia, and Tokyo

2155. A New Beginning: Recasting the U.S.-Japan Economic Relationship

Author:
Bruce Stokes
Publication Date:
07-2000
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The time is ripe for a bold new initiative to recast the U.S.-Japan economic partnership for the 21st century. A new Japan is emerging. Foreign investment is on the rise. Tokyo is deregulating and restructuring its economy. A new generation of Japanese entrepreneurs and venture capitalists has arrived on the stage.
Topic:
Economics and Political Economy
Political Geography:
United States, Japan, Israel, East Asia, Asia, and North Africa

2156. Economic Crisis and Corporate Reform in East Asia

Author:
Meredith Woo-Cumings
Publication Date:
06-2000
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The Asian financial crisis of 1997–98 involved, among other things, a failure of regulation. Some believe this failure is endemic to global capitalism, and others believe it was profoundly local and idiosyncratic, emanating from regulatory flaws in the affected countries, stretching an arc from Thailand and Indonesia to Korea and Japan. There is also a debate about the nature of the regulation that failed. Some argue that the crisis emanated from a surfeit of nettlesome regulations and endemic industrial policy; others claim it happened for want of effective regulations and (even) industrial policy. Across the hypotenuse of these disagreements, however, stretches a universal recognition that regulatory infrastructure and institutions do matter and that they must play a major role in the way we think about economic development. After the miracle years in East Asia, “good governance” has become the Spirit of the Age.
Topic:
Economics and Political Economy
Political Geography:
United States, Japan, Indonesia, Israel, East Asia, Asia, Korea, and Thailand

2157. Sustainable Development and the Open-Door Policy in China

Author:
James K. Galbraith and Jaiging Lu
Publication Date:
05-2000
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
How can one best explain China's remarkable economic growth during twenty-one years and its rise from autarky to world economic power? The exercise requires chutzpah; it demands simplification; it cries out for the trained capacity to present a unifying theme with a weighty set of policy implications.
Topic:
Development
Political Geography:
China and Asia

2158. Cultural Contradictions of Post-Communism: Why Liberal Reforms Did Not Succeed in Russia

Author:
Nina Khrushcheva
Publication Date:
05-2000
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
One goal of Russia's economic reforms during the last ten years has been to establish a new class of businessmen and owners of private property—people who could form the foundation for a new model post-Soviet citizen. However, the experience of this post-communist economic “revolution” has turned out to be very different from the original expectations. For as people became disillusioned with communism due to its broken promises, the words “democracy” and “reform” quickly became equally as unbearable to large sectors of the Russian public after 1991. Such disillusion was achieved in less than ten years—a record revolutionary burnout that would be the envy of any anti-Bolshevik.
Topic:
Communism, Democratization, Development, Economics, and Government
Political Geography:
Russia, Europe, Asia, and Soviet Union

2159. China, Nuclear Weapons, and Arms Control: A Preliminary Assessment

Author:
Robert A. Manning, Ronald Montaperto, and Brad Roberts
Publication Date:
04-2000
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Historically, U.S. nuclear strategists and arms control experts have paid little attention to the People's Republic of China (PRC). China has not been a major factor in the U.S. nuclear calculus, which has remained centered on U.S.-Russian nuclear arsenals as the principal framework for arms control and arms reductions. Yet today China is the only one of the five de jure nuclear weapons states qualitatively and quantitatively expanding its nuclear arsenal.
Topic:
Security, Foreign Policy, Defense Policy, Arms Control and Proliferation, and Nuclear Weapons
Political Geography:
Russia, United States, China, Europe, and Asia

2160. The United States, Japan, and China: Setting the Course

Author:
Neil E. Silver
Publication Date:
04-2000
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The political dynamics of China-Japan relations have changed in reaction to three events: the demise of bipolar world politics, China's ''rise,'' and Japan's unexpected economic stall. These changed political dynamics have brought important challenges and consequences for the United States.
Topic:
International Relations and Security
Political Geography:
United States, Japan, China, Israel, East Asia, and Asia

2161. Strengthening the International Financial Architecture: Where Do We Stand?

Author:
Morris Goldstein
Publication Date:
10-2000
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
It's not easy to get senior economic officials worked up about the functioning of the international monetary system. Usually, they are preoccupied with the more immediate issues surrounding the national and global economic outlook. But the Mexican peso crisis of 1994-95 and, even more so, the Asian financial crisis of 1997-98 made crisis management important for the economic outlook and pushed many of the otherwise arcane issues in the so-called “international financial architecture” (hereafter, IFA) to the front burner of economic policy.
Topic:
Economics, International Organization, International Trade and Finance, and Political Economy
Political Geography:
Asia and Mexico

2162. The New Asian Challenge

Author:
C. Fred Bergsten
Publication Date:
03-2000
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
The initial postwar challenge from East Asia was economic. Japan crashed back into global markets in the 1960s, became the largest surplus and creditor country in the 1980s, and was viewed by many as the world's dominant economy by 1990. The newly industrialized countries (Korea, Taiwan, Hong Kong, Singapore) followed suit on a smaller but still substantial scale shortly thereafter. China only re-entered world commerce in the 1980s but has now become the second largest economy (in purchasing power terms), the second largest recipient of foreign direct investment inflows, and the second largest holder of monetary reserves. Indonesia and most of Southeast Asia grew at 7 percent for two or more decades. The oil crises of the 1970s and the financial crises of the late 1990s injected temporary setbacks but East Asia has clearly become a third major pole of the world economy, along with North America and Western Europe.
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
Japan, China, Europe, Israel, Taiwan, East Asia, Asia, North America, Korea, Singapore, and Hong Kong

2163. The Diffusion of the Internet in China

Author:
William Foster and Seymour E. Goodman
Publication Date:
11-2000
Content Type:
Working Paper
Institution:
Center for International Security and Cooperation (CISAC), Stanford University
Abstract:
China and the United States share a new and rapidly expanding border—the Internet. It is a border that neither country fully understands. The possibility for misunderstanding is great because the Internet is not only transforming the relationship between the two countries, it is also transforming the countries themselves. It could be argued that China is going through the greater change. Unlike the past where information was mediated by the State, the mass media, and the work unit, Chinese citizens with Internet connections and a command of English have unprecedented direct and immediate access to information and people around the world. Because of abundance of Chinese language content, Chinese who can only read Chinese still have access to a wealth of information. The Chinese government has imposed its own unique regime on the networks in China that connect to the Internet. Though the United States and China both participate in the Internet, the regimes that they use to govern their networks are very different.
Topic:
Government and Science and Technology
Political Geography:
United States, China, and Asia

2164. Impact On Global Warming Of Development And Structural Changes In The Electricity Sector Of Guangdong Province, China

Author:
Michael M. May, Chi Zhang, and Thomas C. Heller
Publication Date:
03-2000
Content Type:
Working Paper
Institution:
Center for International Security and Cooperation (CISAC), Stanford University
Abstract:
This paper examines the impact on global warming of development and structural changes in the electricity sector of Guangdong Province, China, together with the possible effect of international instruments such as are generated by the Kyoto Protocol on that impact. The purpose of the paper is three–fold: to examine and analyze the data available, to put that data into an explanatory economic and institutional framework, and to analyze the possible application of international instruments such as CDMs in that locality. Our plans are to supplement this work with similar work elsewhere in China.
Topic:
Development, Economics, Energy Policy, and Environment
Political Geography:
China and Asia

2165. A Verification Regime for Warhead Control

Author:
Liu Suping
Publication Date:
01-2000
Content Type:
Working Paper
Institution:
Center for International Security and Cooperation (CISAC), Stanford University
Abstract:
After a brief period of progress, the U.S.-Russian nuclear reduction process has reached a stalemate. This situation causes us to rethink the following issues: What is the motivation for the two nuclear superpowers to conduct nuclear reductions? How can the focus of the nuclear arms reduction process be changed from verification of reduction of delivery vehicles to verification of reduction of warheads and nuclear materials? What is the objective for future nuclear reductions? What kind of verification regime will be required for future nuclear reductions?
Topic:
Arms Control and Proliferation and Nuclear Weapons
Political Geography:
Russia, United States, Europe, and Asia

2166. Blazing New Trails: Villagers' Committee Elections in P. R. China

Author:
Linda Jakobson
Publication Date:
01-1999
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs (FIIA)
Abstract:
Though the Chinese Communist Party clings to its monopoly on power and fully intends to avoid “walking down the road of the Soviet Union,” it is implementing revolutionary political reform in the countryside. For the past decade, multi-candidate elections, in which candidates need not be members of the Communist Party, have been held in hundreds of thousands of Chinese villages. Abdicating its prerogative to appoint village chiefs, the Party has conceded that elected ones are more effective. The grassroots-level governance reform (jiceng zhengquan gaige) not only empowers ordinary citizens and encourages them to take part in the decision-making process. It also institutionalizes the concepts of accountability and transparency.
Topic:
Democratization and Government
Political Geography:
China, Asia, and Soviet Union

2167. The Korean Peninsula: Is Kim Dae-jung's Pursuit of a Korean Confederation Realistic?

Author:
Linda Jakobson
Publication Date:
01-1999
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs (FIIA)
Abstract:
In the spring of 1999 Swiri-fever swept South Korea. Millions flocked to see the first domestic action film considered up to international standards. “Swiri,” a slick Hollywood-style spy thriller, revolves around the complex issue of Korean unification that lies at the heart of Korea's future. Since the inauguration of President Kim Dae-jung in February 1998, South Korea has debated unification more openly than ever before.
Topic:
Conflict Prevention, Civil Society, Humanitarian Aid, International Cooperation, and International Political Economy
Political Geography:
Asia, South Korea, North Korea, and Korea

2168. Indonesia in Transition

Author:
Michael P. Taylor
Publication Date:
09-1999
Content Type:
Working Paper
Institution:
Institute for the Study of Diplomacy, Edmund A. Walsh School of Foreign Service, Georgetown University
Abstract:
The Schlesinger Working Group on Strategic Surprises held its first two sessions in the fall of 1999, convening practitioners and area experts to discuss Indonesia immediately before and after that country's presidential selection. Participants debated the composition of the new government, the prospect of further regional separatism, and the future role of the military, and the political and social impact of the continuing financial crisis, among other issues. Many expected that the broad coalition-style government that emerged under the leadership of Abdurrahman Wahid would offer short-term stability at the expense of a decisive policy direction. The center would hold in the short term but be weakened.
Topic:
Development, Ethnic Conflict, and International Political Economy
Political Geography:
Indonesia and Asia

2169. Security Multilateralism in Asia: Views from the United States and Japan

Author:
Stephan Haggard, Ralph Cossa, Daniel Pinkston, and Akiko Fukushima
Publication Date:
06-1999
Content Type:
Working Paper
Institution:
University of California Institute on Global Conflict and Cooperation (IGCC)
Abstract:
The U.S. government has been generally supportive of, and an active participant in, a broad variety of multilateral security dialogue mechanisms that have emerged in the Asia-Pacific region in recent years. These efforts at building trust and confidence, both at the official and at the nongovernmental or so-called track-two level, have the potential for enhancing Northeast Asian regional security. All Northeast Asian nations express support for such efforts, and the current trend toward multilateralism is generally consistent with U.S. foreign policy objectives in Asia as an important complement to America's bilateral security arrangements, which remain the foundation of U.S. security policy in Asia.
Topic:
Security and International Cooperation
Political Geography:
United States, Japan, America, Israel, Asia, and Northeast Asia

2170. Northeast Asia: Static but Stable

Publication Date:
07-1999
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
This memorandum was prepared by the National Intelligence Officer for East Asia based on a meeting held on 7 July 1999. The National Intelligence Council (NIC) routinely sponsors meetings with outside experts to gain knowledge and insights to sharpen the level of debate on critical issues. The views expressed in this meeting summary are those of individuals and do not represent official US Government positions or views.
Topic:
International Relations, Security, and Economics
Political Geography:
United States and Asia

2171. Organized Crime: Its Influence on International Security and Urban Community Life in the Industrial Cities of the Urals

Author:
Yuriy Voronin
Publication Date:
06-1999
Content Type:
Working Paper
Institution:
The Wilson Center
Abstract:
Russia is facing new difficulties as a result of negative processes in the economy, the deterioration of interethnic relations, and the social polarization of its society, which have created a direct threat to the security of the urban life in the country. This threat is a consequence of the increase in the proportion of the population living below the poverty line, the stratification of society into a small group of rich citizens and a vast majority of needy citizens, and the escalation of social tension, especially in the industrial cities of the Urals, Siberia, and other regions. At present there is a twenty-eight fold difference between the richest ten percent of the Russian population and the poorest ten percent. Although this unequal distribution of wealth is not very different from what existed in the pre-Revolutionary period in Russia, the striking discrepancy is shocking to a population that was accustomed to an ideological commitment to equality and -- despite the collapse of Communism -- continues to retain the socialist ideal of economic parity. Citizens perceive that they have been "robbed" of the assets that they were supposed to have inherited from the Soviet state. Ironically, the new holders of wealth are an alliance of former Communist Party bureaucrats, organized criminals, and dishonest businesspersons. This so-called "gangster industrial complex" is as oblivious to the needs of the people as was the former Soviet ruling elite.
Topic:
Security and Industrial Policy
Political Geography:
Russia and Asia

2172. A Humanitarian Practitioner's Guide to International Human Right Law

Author:
William G. O'Neill
Publication Date:
01-1999
Content Type:
Working Paper
Institution:
Watson Institute for International and Public Affairs at Brown University
Abstract:
The term “human rights” evokes a wide variety of reactions. Many of those working in international development, commercial lending, and diplomatic institutions regard human rights as highly political and confrontational intrusions on their activities. Many in the international assistance community and the military view human rights as a threat to “neutrality” that may undermine access to populations needing assistance or the success of peacekeeping operations. Some governments in Asia, the Middle East, and Africa dismiss the concept of human rights as a western creation that fails to respect local culture and traditions and undermines state sovereignty. Perhaps the most favorable views of human rights are held by the international public, which is appalled by flagrant onslaughts against fundamental human decency and dignity represented by such practices as genocide, ethnic cleansing, and the use of starvation of civilian populations as a weapon of war.
Topic:
Human Rights and War
Political Geography:
Africa, Middle East, and Asia

2173. Industrial Growth Revisited: Manufacturing Output in Greece during the Interwar Period

Author:
Christodoulakim Olga
Publication Date:
01-1999
Content Type:
Working Paper
Abstract:
Although industrial production and growth in Greece during the interwar period has attracted considerable attention, there has not been any serious challenge either in qualitative or quantitative terms to the orthodoxy established in the period itself. The literature usually sees the 1920s as a landmark in the industrialisation of the country and a time when Greek manufacturing achieved an "unprecedented prominence". The momentum given to industrial expansion in the 1920s was encouraged by institutional changes brought about by government policy aimed at reducing social tensions stemming from unemployed refugees gathered in urban areas, by the depreciation of the drachma and heavy tariffs. The swift demographic changes that happened in the country following the Asia Minor debacle, however, have played a pivotal role in the literature in explaining industrial growth in the 1920s. According to conventional belief, the arrival of the refugees created the preconditions for an industrial expansion in the 1920s. The sudden increase in the population of the country has been linked to industrial growth in three ways: firstly, the abundance of cheap labour gathered in urban centres exerted downward pressures on wages; secondly, the refugees it is argued, brought with them entrepreneurial skills, their skilled labour, in short contributing to an improvement of the human capital in Greece, and took initiatives that promoted industrial development; finally, the sudden expansion of the domestic market because of the increase in the population boosted demand which consequently stimulated industrial production. The carpet industry, an industry that emerge in the 1920s and was mainly run by refugees, is usually mentioned as a representative example of the impact that refugees had in promoting new industries and entrepreneurial skills in the country.
Topic:
Economics and Industrial Policy
Political Geography:
Middle East, Greece, and Asia

2174. The Crisis in Asia: An Empirical Assessment

Author:
Warwick McKibbin
Publication Date:
12-1999
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The economies of South East Asia and Korea have been shaken by a financial and economic crisis that has enveloped the region since mid 1997. There are competing explanations for the cause of the crisis however most commentators would agree that a major shock that impacted on the countries has been a dramatic increase in the perceived risks of investing in these economies. This paper explores the impact of a re-evaluation of the risk in the Asian economies focussing on the differential real consequences of a temporary versus more permanent rise in risk. It contributes to our understanding of the possible consequences of the Asia crisis by applying a global simulation model that captures both the flow of goods as well as international capital flows between countries. The real impacts on the Asian economies of a rise in risk perceptions in the model are large and consistent with observed adjustment. However the spillovers to the rest of the world are relatively small because the loss in export demand that accompanies the crisis in Asia is offset by a fall in long term interest rates as capital flows out of Asia into the non-Asian OECD economies. Thus strong domestic demand in economies such as the US induced by the general equilibrium effects of the reallocation of financial capital can more than offset the consequences of lower export growth. The analysis also highlights the impacts on global trade balances reflecting the movements of global capital and points to both potential problems and lesson for policymakers over the coming years.
Topic:
Economics, Emerging Markets, and Globalization
Political Geography:
China, Israel, East Asia, and Asia

2175. The Global Economic Impacts of Trade and Financial Reform in China

Author:
Warwick McKibbin and KK Tang
Publication Date:
12-1999
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Despite the setbacks from the recent Asian currency crisis, the ascendancy of Asia as an economic centre of world economic activity is likely to continue into the 21st century. A key issue that will shape the role of Asia, and indeed the shape of the world economy in the 21st century, is the economic development of China. To date China has successfully weathered the currency storm in Asia and continues on a program of economic reform. If anything, the problems of Japan and Korea provide powerful lessons for other countries undergoing rapid economic growth and structural change. These lessons include the importance of a well developed financial sector with lending and investment decisions based on market signals rather than government directives. Whether China can further integrate smoothly into global markets and sustain the fast growth of the last few decades will be a crucial development in the world economy. In this paper, we explore the impacts of continued Chinese economic reform with a focus on the role of international financial flows both in the adjustment within China as well as in the transmission of Chinese reforms to the rest of the world.
Topic:
Economics, Emerging Markets, and Globalization
Political Geography:
China, Israel, East Asia, and Asia

2176. Regional and Multilateral Trade Liberalization: The Effects on Trade, Investment and Welfare

Author:
Warwick McKibbin
Publication Date:
12-1999
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
This paper explores the impact on economies of trade liberalization under alternative regional and multilateral arrangements: unilateral liberalization; liberalization as part of the ASEAN regional grouping; liberalization as part of the APEC regional grouping; or liberalization as part of a multilateral trade liberalization regime. The paper is based on a Dynamic Intertemporal General Equilibrium model (DIGEM) called the Asia-Pacific G-Cubed Model. It is shown that the long run gains from a country's own liberalization tend to be large relative to the gains from other countries liberalizing although this varies across countries. It is also shown that there is a significant difference between the effects on GDP (production location) and the effects on consumption per capita of the alternative liberalization approaches across countries. The timing of liberalization is also shown to matter. With open capital markets the gains from credibly announced trade liberalization are realized before the reforms are put in place because there is a rise in global investment which raises the global capital stock. In addition there is a reallocation of capital via financial market adjustment. This paper also demonstrates that for some economies, there can be short run adjustment costs to trade liberalization because resources cannot be instantly reallocated across sectors in an economy. These adjustment costs from own liberalization can be reduced if more countries also liberalize. The nature of the dynamic adjustment suggests that other macroeconomic policies may play an important role during the early period of phased-in trade liberalization.
Topic:
Economics, Emerging Markets, and Globalization
Political Geography:
China, Israel, East Asia, and Asia

2177. Rapid Economic Growth in China: Implications for the World Economy

Author:
Warwick McKibbin and Yiping Huang
Publication Date:
12-1999
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Rapid growth of the Chinese economy in the past decade and its potential for strong growth into the foreseeable future have caused anxieties in the rest of the world. Some commentators see Chinese growth wholly in terms of competition for trade and investment opportunities with other developing economies and a major cause of structural adjustments in the advanced industrialized economies. In particular there have been warnings of severe consequences for international agricultural markets. In this paper we use a dynamic general equilibrium model called the G-CUBED model (developed by McKibbin and Wilcoxen) to explore possible future paths of the Chinese economy based on projections of population growth, sectoral productivity growth, energy efficiency and technical change in the Chinese economy. This model captures not only the composition of the direct trade impacts of developments in the Chinese economy but also the implications of the endogenous flows of financial capital on macroeconomic adjustment in the world economy. The study focuses on the period from 1990 to 2020. Rather than being a problem for the world economy, we find strong growth in China is beneficial for the world economy directly through raising world incomes.
Topic:
Economics, Emerging Markets, and Globalization
Political Geography:
China, Israel, East Asia, and Asia

2178. The Transmission of Productivity and Investment Shocks in the Asia Pacific Region

Author:
Warwick McKibbin
Publication Date:
12-1999
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
An important aspect of macroeconomic interdependence in the Asia Pacific region is the adjustment of trade and current account balances in response to changes in saving and investment rates in individual economies. Greater trade flows, reliance on imported intermediate goods as well as more integrated capital markets imply that shifts in private or public saving and investment rates in an economy in the region can potentially have large impacts on other economies. This paper explores the quantitative nature of these linkages by focusing on a number of shocks within the context of a new dynamic multi-sector global model called the Asia-Pacific G-Cubed Model (AP-GCUBED). This model integrates sectoral adjustment with macroeconomic interdependence including explicit treatment of capital flows to explore the implications of a variety of productivity and investment shocks in the Asia Pacific Region. The first shock considered is a permanent decline in private investment in Japan. The second shock is a temporary rise in total factor productivity growth in China. The fall in Japanese investment is found to have a significant effect on trade flows and financial flows in the region whereas the rise in Chinese productivity has a quite different effect on the region.
Topic:
Economics, Emerging Markets, and Globalization
Political Geography:
China, Israel, East Asia, and Asia

2179. Drug Trafficking on the Great Silk Road: The Security Environment in Central Asia

Author:
Martha Brill Olcott
Publication Date:
12-1999
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
To address drug proliferation and trafficking in the context of non-traditional security threats and to try to find ways out of the potentially explosive situation, the Carnegie Endowment for International Peace sponsored a meeting of representatives of the five Central Asian states, Russia, Azerbaijan, Turkey, the United States, the United Nations Drug Control Program (UNDCP), the Organization for Security and Cooperation in Europe (OSCE), and the Aga Khan Development Network, held in Bishkek, Kyrgyzstan in May 1999. This paper analyzes the situation in the region based on the conference proceedings and aims to raise international awareness of the seriousness of the problem. It also advocates the need for a concerted effort within the region and without to help these countries fight this evil.
Topic:
Security and International Law
Political Geography:
Russia, United States, Turkey, Asia, and United Nations

2180. Replacing Potemkin Capitalism: Russia's Need for a Free-Market Financial System

Author:
Kurt Schuler and George A. Selgin
Publication Date:
06-1999
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
On August 17, 1998, Russia devalued the ruble and stopped payment on its government debt, creating a financial crisis that continues today. Some observers have blamed the financial crisis, and the poor performance of the Russian economy generally, on government policies that they claim are rigidly laissez faire. However, a closer look at the Russian financial system reveals that it remains fundamentally socialist, though it has superficial capitalist features.
Topic:
Debt, Economics, Government, and Financial Crisis
Political Geography:
Russia, Europe, and Asia

2181. Blunder in the Balkans: The Clinton Administration's Bungled War against Serbia

Author:
Christopher Layne
Publication Date:
05-1999
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
The Clinton administration has made one miscalculation after another in dealing with the Kosovo crisis. U.S. officials and their NATO colleagues never understood the historical and emotional importance of Kosovo to the Serbia n people, believing instead that Belgrade's harsh repression of the ethnic Albanian secessionist movement in Kosovo merely reflected the will of President Slobodan Milosevic of Yugoslavia. The administration's foreign policy team mistakenly concluded that, under a threat of air strikes, the Yugoslav government would sign a dictate d peace accord (the Rambouillet agreement) to be implemented by a NATO peacekeeping force in Kosovo. Even if Milosevic initially refused to sign the Rambouillet agreement, administration leaders believed that Belgrade would relent after a brief “demonstration” bombing campaign. Those calculations proved to be disastrously wrong.
Topic:
Conflict Resolution, International Relations, Foreign Policy, NATO, and Ethnic Conflict
Political Geography:
Russia, United States, China, Europe, Eastern Europe, Asia, Kosovo, Yugoslavia, Serbia, Balkans, and Albania

2182. U.S. Assistance for Market Reforms: Foreign Aid Failures in Russia and the Former Soviet Bloc

Author:
Janine R. Wedel
Publication Date:
03-1999
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
Since the fall of the Berlin Wall in 1989 and the subsequent breakup of the Soviet Union in 1991, the governments of the United States and other Western countries have provided massive aid to promote a transition to the free market in Central and Eastern Europe and the former Soviet Union. But aid for market reforms in the region has been largely ineffective. Whether provided in the form of technical assistance, grants to political groups or nongovernmental organizations, loans and guarantees to the private sector, or direct financial aid to post-communist governments, that aid has been plagued by a number of problems. The failed $22.6 billion bailout of Russia by the International Monetary Fund in July 1998 only confirmed the flawed nature of the aid-for-reform approach.
Topic:
Economics and Emerging Markets
Political Geography:
Russia, United States, Europe, Eastern Europe, Asia, and Soviet Union

2183. IMF Model and Resource-Abundant Transition Economies: Kazakhstan and Uzbekistan

Author:
Richard M. Auty
Publication Date:
11-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
The IMF model of the economic transition stresses the role of macro policy reform. It concludes that rapid reform to a market economy is preferable to slow reform because late reformers experience very steep transition recessions and severe contractions in government revenues. However, the predictive power of the IMF model has weakened through the late-1990s. This is because it under-estimates the role of initial conditions that include the natural resource endowment as well as institutional capital and the legacy of produced capital. This paper demonstrates how the predictive power of the IMF model can be improved by taking account of the impact of natural resource abundance for the transition. Resource abundance can feed corruption and diminish the urgency of reform, thereby intensifying the adverse effect of a retarded transition. It can also amplify the contraction of the non-booming tradeable sector due to Dutch disease effects. These adverse features are likely to be more severe where the resource endowment creates point source socio-economic linkages, as in mining, as opposed to the diffuse linkages associated with crop production by yeoman farmers. The detrimental effects of resource abundance are also likely to be more severe where institutional capital is deficient. Consistent with such a resource-constrained variant of the IMF model; resource-abundant Kazakhstan and Uzbekistan both delayed their reforms and both exhibit high levels of corruption relative to the transition economies as a whole. Also, economic recovery in Kazakhstan is slower than the original IMF model predicts because investment in minerals strengthened the exchange rate and retarded economic diversification. In the case of Uzbekistan, a natural resource endowment that yielded especially buoyant crop revenues (that eased the foreign exchange constraint) helps to explain why the growth collapse is less than the unadjusted IMF model predicts for such a slow reformer. This explanation is still too simple, however. Uzbekistan also benefits from robust social capital and limited obsolete industry, both of which retard the decline in government revenue. Finally, the resource-constrained IMF model suggests that the Uzbek policy of gradual reform represses exports and intensifies economic distortions. This will lock the economy into a staple trap and lead to a growth collapse, as the experience of many resource-abundant developing market economies testifies
Topic:
Emerging Markets, Environment, and International Organization
Political Geography:
Kazakhstan, Asia, Uzbekistan, and Dutch

2184. Wage Reform, Soft Budget Constraints and Competition

Author:
Jian Sun
Publication Date:
02-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Since the beginning of the Chinese economic reforms in 1978, there has been a series of effort to reform the labour compensation practice in state-owned enterprises to strengthen the link between pay and productivity. Despite the reforms, however, rapid increases in wage rates occurred in state-owned enterprises. Moreover, although state-owned enterprises have much lower productivity gains than non-state enterprises, they pay substantially higher wages and have faster wage growth.
Topic:
Economics, Globalization, Industrial Policy, and International Political Economy
Political Geography:
China and Asia

2185. The Asian Currency Crisis: Origins, Lessons and Future Outlook

Author:
Abdur Chowdhury
Publication Date:
02-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
What started in the summer of 1997 as a regional economic and financial crisis in East and Southeast Asia had developed into a global financial crisis within the span of a year. This crisis followed the crisis in the European Monetary System in 1992–3 and the Mexican peso crisis in 1994–5. However, unlike the previous two crises, the scale and depth of the Asian crisis surprised everyone. One obvious reason for this is East and Southeast Asia's track record of economic success. Since the 1960s, no other group of countries in the world has produced more rapid economic growth or such a dramatic reduction in poverty. Given so many years of sustained economic performance the obvious question is: how could events in Asia unfold as they did?
Topic:
Economics and International Political Economy
Political Geography:
Europe, Asia, and Southeast Asia

2186. Japanese Entrepreneurship: Can the Silicon Valley Model Be Applied to Japan?

Author:
Katsuhiro Nakagawa
Publication Date:
12-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Since 1992, the Japanese economy has been utterly stagnant, with signs of weak performance at every turn. Since 1997, Japan's economy has experienced negative growth, a situation unprecedented in the postwar era. Most large Japanese corporations have engaged in extensive restructuring during this period, which has in turn contributed to 4.8 percent unemployment—higher than rates in the United States. Further, in 1998, the closure rate of small companies (3.8 percent) exceeded the start-up rate of new business ventures (3.7 percent).
Topic:
Security
Political Geography:
United States, Japan, and Asia

2187. Accessing Venture Capital in India

Author:
Rafiq Dossani
Publication Date:
10-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
In the 1970s, IT exports from India began with “body-shopping,” also known as contract programming. In such contracts, the amount of code was specified in the contract and there was relatively little risk. Until 1991, this was the main form of IT exports, and it was per- formed exclusively by Indian firms. Foreign firms were deliberately excluded as a matter of government policy. It was a difficult business environment. Indian firms that were exporting bodies, as well as firms that operated only in the domestic market, found themselves operat- ing in a closed economy, featuring high tariffs on hardware imports and non-tariff barriers on software imports. Quite by accident, this situation led to a growth of skills that would be of great value to India a few years later. India's UNIX talents, now globally in demand due to the growth of the Internet, developed because the country's closed economy forced Indian computer makers to develop their own hardware and software design skills. Sridhar Mitta noted that, in 1983, the United States used an Intel 386 microprocessor as the base for a simple personal computer, whereas India employed the same microprocessor with the UNIX operating system to power mainframes that controlled large enterprises. India's closed environment also spurred the country's IT industry to develop advanced skills in system design, architecture, protocol stacks, compilers, device drivers, and boards.
Topic:
Security
Political Geography:
United States, India, and Asia

2188. Assessing U.S. Bilateral Security Alliances in the Asia Pacific's "Southern Rim": Why the San Francisco System Endures

Author:
William T. Tow
Publication Date:
10-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
At the turn of the century, the United States' postwar alliance network remains a key component of its international security policy. That policy is fundamentally based on maintaining military superiority over current and potential rivals in the Eurasian landmass.
Topic:
Security
Political Geography:
United States, Eurasia, Asia, and San Francisco

2189. Containment by Stealth: Chinese Views of and Policies toward America's Alliances with Japan and Korea after the Cold War

Author:
Yu Bin
Publication Date:
09-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
At the height of the Cold War, the dominant Western theories of alliance building in interstate relations argued that alliances tend to be motivated more by an external need to confront a clearly defined common adversary than by the domestic attributes of alliance partners. The newly reinvigorated U.S.-Japan alliance, however, together with the newly expanded NATO, seems to depart from the conventional pattern by emphasizing shared democratic values and by maintaining a high degree of ambiguity regarding the goals and targets of the alliance. Although these new features of American-led military alliances provide an anchor in an other- wise highly fluid situation in the post–Cold War world, many Chinese foreign-and defense-policy analysts believe that U.S. alliances with Asian countries, particularly with Japan, pose a serious, long-term challenge, if not a threat, to China's national security, national unification, and modernization. The ambiguity of the revised U.S.-Japan security alliance means that it is at best searching for targets and at worst aiming at China.
Topic:
Security
Political Geography:
United States, Japan, Asia, and Korea

2190. Crisis and Aftermath: The Prospects for Institutional Change in Japan

Author:
Rafiq Dossani
Publication Date:
08-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Impelled in large part by the nearly decade-long stagnation of the Japanese economy, institutions in Japan are undergoing fundamental changes. When Professors Masahiko Aoki, of the Stanford University Department of Economics, and Henry Rowen, director of the Asia/Pacific Research Center, were talking about these changes, they realized that an international conference on the subject would be useful and informative. With funding from the Asia/ Pacific Research Center and the Institute for International Studies, a distinguished group of speakers, commentators, and participants was brought together for a one-day conference to look at institutional changes in three distinct sectors of Japanese society: the political system, the bureaucracy, and corporations.
Topic:
Security
Political Geography:
United States, Japan, and Asia

2191. Nesting the Alliances in the Emerging Context of Asia-Pacific Multilateral Processes: A U.S. Perspective

Author:
Douglas Paal
Publication Date:
07-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
As Americans consider their options for protecting and advancing their interests in Asia in the twenty-first century, it is natural that there will be wide-ranging views and vigorous debate. Recent events such as the 1996 Taiwan crisis, the Asian economic meltdown in 1997, and the exchange of state visits by presidents Bill Clinton and Jiang Zemin in 1997 and 1998 have intensified, then moderated and redirected, much of the debate over a very short span of time. Two years ago, for example, the Chinese were worrying aloud about American efforts to “encircle” China. Now they talk about “building a constructive strategic partnership with the U.S.” Despite these ups and downs, however, the fundamental choices for the United States have remained largely the same.
Topic:
Security
Political Geography:
United States, China, America, Taiwan, and Asia

2192. When Realism and Liberalism Coincide: Russian Views of U.S. Alliances in Asia

Author:
Andrew C. Kuchins and Alexei V. Zagorsky
Publication Date:
07-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Contemporary discussions of virtually any aspect of Russian foreign and security policy must take as their point of departure the extraordinarily weakened condition of the Russian Federation. There is no comparable case of such a rapid and dramatic decline in the status of a great power during peacetime in modern history. The Russian economy has been in a virtual free fall for most of the 1990s. The World Bank estimated the Russian GNP in 1997, using fixed exchange rates not adjusted for purchasing power parity, at $403.5 billion, making Russia the twelfth-largest economy in the world, just ahead of the Netherlands and just behind South Korea. Russian per capita GNP of $2,740 ranked fifty-first in the world and was in the category of “low middle” income countries. In 1997 the Russian GNP was about 5 percent of that of the United States, 8 percent adjusted for purchasing power parity. The figures for 1998 will be even starker given the devaluation of the ruble to approximately 30 percent of its 1997 value and continuing overall economic decline. A back-of-the-envelope calculation would have Russian GNP at the end of 1998 at no more than $120 billion and per capita GNP at less than $1,000.
Topic:
Security
Political Geography:
Russia, United States, Asia, South Korea, and Netherlands

2193. Adjusting America's Two Alliances in East Asia: A Japanese View

Author:
Takashi Inoguchi
Publication Date:
07-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
The alliances of the United States in East Asia are in a process of profound change (Okimoto 1998). The treaties with Japan and Korea are undergoing distinctive metamorphoses. These changes are the result of a number of forces that unfolded over the decades of the twentieth century, most notably the Cold War, globalization, and democratization (Inoguchi 1993, 1995; and Archibugi, Held, and Koehler 1996).
Topic:
Security
Political Geography:
United States, America, East Asia, and Asia

2194. Changing Relations between Party, Military, and Government in North Korea and Their Impact on Policy Direction

Author:
Jinwook Choi
Publication Date:
07-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
North Korea has recently exhibited some noteworthy changes. In September 1998 it amended its constitution to change the power structure and introduced a number of progressive clauses. It also began to use the slogan “A Strong and Prosperous Nation,” which emphasizes economic prosperity as well as political, ideological, and military strength.
Topic:
Security
Political Geography:
United States, Asia, and Latin America

2195. China and the U.S.-Japan and U.S.-Korea Alliances in a Changing Northeast Asia

Author:
Chu Shulong
Publication Date:
06-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
The American security alliances with Japan and South Korea have been a major concern of China's foreign and defense policies. China's position toward the alliances is determined by its foreign policy and security theories, doctrines, and principles; by its approach to a regional security mechanism in the Asia-Pacific region; by its bilateral relations with countries in Northeast Asia; and by incidental issues such as territorial disputes in Asia in which it is involved.
Topic:
Security
Political Geography:
United States, Japan, China, Asia, and Korea

2196. New Estimates of the United States - China Trade Balances

Author:
Lawrence J. Lau and K.C. Fung
Publication Date:
04-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
The United States and China have vastly different official estimates of the bilateral trade imbalance. The U.S. figures show that the United States had a merchandise trade deficit of US$57 billion vis-à-vis China in 1998 whereas the Chinese figures show that China had a merchandise trade surplus of only US$21 billion vis-à-vis the United States. There is a difference of US$36 billion. Which set of figures is right?
Topic:
International Trade and Finance
Political Geography:
United States, China, and Asia

2197. Seoul Domestic Policy and the Korean-American Alliance

Author:
B.C. Koh
Publication Date:
03-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
While domestic politics helps to shape foreign policy, the two do not necessarily covary. That is to say, fundamental change in the former may not always trigger corresponding change in the latter. This is especially true of an alliance relationship, for a shared perception of an external threat that helps to sustain such a relationship is frequently unaffected by domestic political change.
Topic:
Security
Political Geography:
United States, America, Asia, and Korea

2198. Japan-ROK Security Relations: An American Perspective

Author:
Michael J. Green
Publication Date:
03-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
This monograph explores contemporary Japan-ROK security relations from the perspective of U.S. strategic interests in Asia. Japan and the Republic of Korea have been aligned but not allied since the beginning of the Cold War, and the United States has long been frustrated in its desire to strengthen the Japan-ROK leg of its network of bilateral alliances in Asia. The United States abandoned the goal of encouraging a formal U.S.-Japan-ROK alliance early on in the Cold War, and in the current strategic environment a trilateral alliance would probably be counterproductive. At the same time, however, the fluidity of East Asian security relations today has heightened the dangers of leaving the Japan-ROK security relationship in an ambiguous state. Closer Japan-ROK security cooperation will enhance U.S. efforts to maintain forward presence, manage diplomacy and potential crises on the Korean Peninsula, and integrate China as a cooperative partner in the region. In contrast, distant Japan-ROK relations would complicate all of these U.S. objectives. Hostile Japan-ROK relations, particularly in the context of Korean reunification, would have a spillover effect on Sino-U.S. relations and could return the region to the great-power rivalry of the last century.
Topic:
Security
Political Geography:
United States, Japan, China, Asia, and Korea

2199. The Korean-American Alliance and the "Rise of China": A Preliminary Assessment of Perceptual Changes and Strategic Choices

Author:
Jae Ho Chung
Publication Date:
02-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Does history repeat itself? It appears so for Korea as an unfortunate geopolitical pawn of its stronger neighbors for the last century or so. History does not seem to repeat in quite the same way, however. As Chinese diplomat Huang Zunxian recommended in 1880 that Chosun (Korea's official designation during the Yi Dynasty) “side with the Qing” ( qinzhong ) while relegating the relative importance of Japan and the United States to the levels of “aligning and connecting” ( jieri and lianmei ), respectively, Korea remained for the most part the most loyal subsystem of the Sinic world order, thereby missing out on opportunities for self-strengthening and realignment and eventually becoming a Japanese colony. More than a hundred years later, the Republic of Korea (hereafter Korea) may now be about to confront a similar dilemma, but this time with a reversed order of preferences. That is to say, the rise of China, with which Korea has already accomplished diplomatic normalization, may gradually force the Seoul government to reconfigure its Cold War–based strategic thinking and reassess its half-century alliance relationship with the United States.
Topic:
Security
Political Geography:
United States, China, Asia, and Korea

2200. Asian Alliances and American Politics

Author:
Michael H. Armacost
Publication Date:
02-1999
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
The domestic politics of our Asian alliances is like the story of the dog that didn't bark. Though our defense ties with Japan and Korea were forged in the Cold War, nearly ten years after the Berlin Wall came down, few voices are being raised to amend, let alone terminate, either the Treaty of Mutual Cooperation and Security with Japan or the U.S.-Korea Mutual Defense Treaty. Although large numbers of U.S. troops remain in both countries, congressional criticisms of allied “free riding” are rarely heard. Our alliances with Japan and Korea provoke little discernible opposition from the Congress, the press, or the general public. Polling data suggests that public support for the alliances and for forward deployments in both countries remains high. And no prominent leaders of the Congress are threatening to link security concerns to outstanding economic issues with the Japanese or South Koreans—a tactic frequently utilized a decade ago.
Topic:
Security
Political Geography:
United States, Japan, Asia, and Korea