Elizabeth Economy is the C.V. Starr senior fellow and director for Asia studies at the Council on Foreign Relations.
Dr. Economy has published widely on both Chinese domestic and foreign policy. Her most recent book, with Michael Levi, is By All Means Necessary: How China's Resource Quest is Changing the World (Oxford University Press, 2014). She is the author of The River Runs Black: The Environmental Challenge to China's Future(Cornell University Press, 2004; 2nd edition, 2010; Japanese edition, 2005; Chinese edition, 2011), which was named one of the top 50 sustainability books in 2008 by the University of Cambridge, won the 2005 International Convention on Asia Scholars Award for the best social sciences book published on Asia, and was listed as one of the top ten books of 2004 by the Globalist as well as one of the best business books of 2010 by Booz Allen Hamilton's strategy+business magazine. She also coedited China Joins the World: Progress and Prospects (Council on Foreign Relations Press, with Michel Oksenberg, 1999) and The Internationalization of Environmental Protection (Cambridge University Press, with Miranda Schreurs, 1997). She has published articles in foreign policy and scholarly journals including Foreign Affairs, Harvard Business Review, and Foreign Policy, and op-eds in the New York Times, the Washington Post, and the Wall Street Journal,among others. Dr. Economy is a frequent guest on nationally broadcast television and radio programs, has testified before Congress on numerous occasions, and regularly consults for U.S. government agencies and companies. She writes about topics involving China on CFR's Asia Program blog, Asia Unbound, which is syndicated by Forbes.com, and authors a monthly column on China's environment for the Diplomat.
Dr. Economy serves on the board of managers of Swarthmore College and the board of trustees of the Asia Foundation. She is also on the advisory council of Network 20/20 and the science advisory council of the Stockholm Environment Forum. She is a member of the World Economic Forum (WEF)'s Global Agenda Council on the United States and served as a member and then vice chair of WEF's Global Agenda Council on the Future of China from 2008 to 2014. Dr. Economy has also served on the board of the China-U.S. Center for Sustainable Development. She has taught undergraduate and graduate level courses at Columbia University, Johns Hopkins University's Paul H. Nitze School of Advanced International Studies, and the University of Washington's Jackson School of International Studies.
Dr. Economy received her BA from Swarthmore College, her AM from Stanford University, and her PhD from the University of Michigan. In 2008, she received an honorary doctor of laws degree from Vermont Law School. She lives in New York City with her husband and three children.
China's Changing Fortunes
Chinese President Xi Jinping has articulated a simple but powerful vision: the rejuvenation of the Chinese nation. It is a patriotic call to arms, drawing inspiration from the glories of China's imperial past and the ideals of its socialist present to promote political unity at home and influence abroad. After just two years in office, Xi has advanced himself as a transformative leader, adopting an agenda that proposes to reform, if not revolutionize, political and economic relations not only within China but also with the rest of the world. To do so, he has positioned himself as the head of numerous committees and leading groups on economic reform, the military, and foreign policy, made tackling anti-corruption his signature issue, and sought to eliminate alternative political voices. Meanwhile, he is attempting to reestablish China as a global power, constructing institutions, infrastructure, and initiatives to implement Beijing's more muscular foreign policy. For the United States and much of the rest of the world, Xi's China provokes two different reactions: excitement about what a stronger, less corrupt China could achieve, and significant concern over the challenges an authoritarian, militaristic China might pose to the U.S.-backed liberal order. My work will result in a book exploring these developments and their implications for the United States and the world.
Assessing the Pivot: U.S. Engagement in Asia
The Obama administration's rebalance, or "pivot," to Asia has placed the region at the forefront of U.S. foreign policy. Washington is shoring up its alliances and committing greater military force to Asia, while at the same time is attempting to deepen economic engagement, most notably through the Trans-Pacific Partnership. But amid these commitments, shifting regional dynamics are forcing the United States to reassess its strategy toward Asia. China, eager to establish its primacy in the region, is more assertive as its economic growth gives rise to greater political influence and military might. Democratic transitions in Myanmar and Indonesia have been mirrored by the return of authoritarian tendencies in Thailand and Malaysia. In Northeast Asia, North Korea remains its obstinate, mercurial self, while Japan and South Korea, two of Washington's most reliable allies, remain distrustful of each other. How can the United States deal with these myriad issues? What are U.S. national interests in Asia, and how should Washington advance them? I will address these questions and more during meetings of the U.S.-Asia Update Roundtable Series and on the Asia Studies' blog, Asia Unbound.
The New Geopolitics of China, India, and Pakistan
The emergence of China and more recently, India, has reshaped relations and produced a broader area of economic integration in Asia. Even in southern Asia, where the strategic triangle of China, India, and Pakistan has resulted in flashpoints and suspicions, both India and China have kept their sights on increasing trade and economic growth as a security imperative for the long term. However, southern Asia's security, political, and economic foundations face stresses that could profoundly alter its evolution, usher in the return of geopolitics, and reshape political and economic relations globally. This two-year project, generously funded by the MacArthur Foundation, will explore potential flashpoints and promising areas for cooperation among China, India, and Pakistan—and identify areas where the United States can help. Over the next two years, I will explore these issues with my colleagues Alyssa Ayres and Dan Markey in a roundtable series and several publications. The project will culminate in a capstone symposium and a Council report in 2016.
The Project on the New Geopolitics of China, India, and Pakistan is made possible by a grant from the MacArthur Foundation.
China's pursuit of natural resources is restructuring markets, pushing up commodity prices, and transforming resource-rich economies. Elizabeth C. Economy and Michael Levi explore the unrivaled expansion of the Chinese economy and the global effects of its meteoric growth.
Elizabeth C. Economy says, "If the United States and China can begin the process by taking a step back to establish a new narrative for the relationship that minimizes competition, sets aside intractable issues, and keeps global and regional issues where they belong—in a multilateral framework—there will be the potential for the two countries, like the frog in the well, to take two steps forward for every one step back."
Elizabeth C. Economy says corruption and the failure to develop rule of law in China now define much of the country's political and economic life. With Xi Jinping poised to take over, the focus should be on significant political reform.
Elizabeth C. Economy says the world waits for stability in China's transition, but recent events in China like the two-week absence of Xi Jinping and Bo Xilai's expulsion from the CCP underscore the deep uncertainty that defines China's political system.
Politician Bo Xilai's sudden fall from grace unmasks long-discussed corruption within the political ranks and undermines a smooth leadership transition for the Communist Party, says CFR's Elizabeth Economy.
The U.S. move to launch a case against China at the WTO over its cap on exporting rare earth metals is the latest international effort to hold China accountable to international trade standards, explains CFR's Elizabeth Economy.
China's search for food and land in Southeast Asia, Latin America, and Africa, reflects the country's pressing scarcity of water. China's approach has set off alarm bells in the region and the United States should work actively to address China's water security needs, argues Elizabeth Economy before the House U.S.-China Economic and Security Review Commission.
In the next round of the U.S.-China Strategic and Economic Dialogue, underway now, the two sides face difficult diplomatic issues but also a chance to jumpstart engagement on military and cybersecurity matters, writes CFR's Elizabeth Economy.
Director: Elizabeth C. Economy, C.V. Starr Senior Fellow and Director for Asia Studies July 1, 2007—Present
The U.S.-Asia Update Roundtable Series is an ongoing series that provides a forum for the discussion of the major issues that shape Chinese domestic policies and that have an impact on the U.S. relationship with China and the rest of the region. The Roundtable cosponsors events with the Council’s General Meetings and Corporate programs. Recent sessions have included speakers such as Michael Green, Special Assistant to the President for National Security Affairs; Major General Karl Eikenberry; and Randall Schriver, Deputy Assistant Secretary of State for East Asian and Pacific Affairs. Approximately six sessions are held each program year.
This series is made possible through generous support from the Starr Foundation.
The Future of China
Director of the International Economy Program and the G20 Studies Centre, Lowy Institute for International Policy
The Presidential Inbox: China’s Leadership Transition
SpeakersElizabeth C. EconomyC.V. Starr Senior Fellow and Director for Asia Studies, Council on Foreign Relations, Cheng LiDirector of Research and Senior Fellow, John L. Thornton China Center, Brookings Institution, Edward N. LuttwakSenior Associate, Center for Strategic and International Studies; Author, The Rise of China vs. the Logic of Strategy PresiderThomas R. KeeneEditor-at-Large, Bloomberg News
February 22, 201312:30–1:00 p.m. - Lunch 1:00–2:00 p.m. - Meeting
SpeakersEdward AldenBernard L. Schwartz Senior Fellow, Council on Foreign Relations, Caroline AtkinsonAdjunct Senior Fellow for International Economics, Council on Foreign Relations, Elizabeth C. EconomyC.V. Starr Senior Fellow and Director of Asia Studies, Council on Foreign Relations PresiderSebastian MallabyDirector of the Maurice R. Greenberg Center for Geoeconomic Studies; Paul A. Volcker Senior Fellow for International Economics; Deputy Director of Studies, Council on Foreign Relations
February 19, 20096:00–6:30 p.m. - Reception 6:30–7:30 p.m. - Meeting
2008 Rocky Mountain Roundtable on International Relations: Luncheon Discussion: Foreign Policy Challenges Facing the Next Administration
SpeakersMadeleine K. AlbrightChairman, National Democratic Institute for International Affairs; Former U.S. Secretary of State, Edward AldenBernard L. Schwartz Senior Fellow, Council on Foreign Relations, Robert D. CoombeChancellor, University of Denver, Elizabeth C. EconomyC.V. Starr Senior Fellow and Director for Asia Studies, Council on Foreign Relations, Tom J. FarerDean, Josef Korbel School of International Studies, University of Denver, John HickenlooperMayor, City of Denver, Jim PolsfutChairman, 2008 Rocky Mountain Roundtable PresiderRichard N. HaassPresident, Council on Foreign Relations