Asia and Pacific

Article

Forecasting the Aftermath of a Ruling on China’s Nine-Dash Line

Author: Jerome A. Cohen
ForeignPolicy.com

Jerome A. Cohen writes about the impact of the ruling of the arbitration tribunal in the Philippines’ case against China. In this article, Cohen explores potential responses from different Asian nations to the tribunal’s ruling and what China’s reaction might be if the legal basis of the “Nine-Dash Line” is invalidated.

 

See more in Asia and Pacific; Regional Security; Courts and Tribunals

Article

America’s Fatal Flaw in its Competition With China Is Thinking Militarily, Not Economically

Author: Jennifer M. Harris
The WorldPost

Last week, Washington attempted two important policy feats aimed squarely in Beijing’s direction. U.S. Defense Secretary Ash Carter grabbed headlines by visitingthe South China Sea, after earlier announcing he would scrap a visit to Beijing amid rising tension over territorial disputes in the region.

See more in United States; China; Economics; Military Operations

Article

Reducing and Managing U.S.-China Conflict in Cyberspace

Authors: Adam Segal and Tang Lan
The National Bureau of Asian Research

While there continue to be significant differences between the perspectives of the U.S. and Chinese governments on issues in cyberspace, recent progress to overcome these challenges suggests a path forward, writes Adam Segal. Substantive cooperation on cybersecurity, cybercrime, and Internet governance can help both countries avoid a conflict over cyberspace.

See more in United States; China; Cybersecurity

Event

Media Call: Debating Policy on China and the U.S. Economy

Presider: Gideon Rose
Speaker: Jacob S. Hacker
Speaker: Stephen G. Brooks

Republican presidential candidates are calling for Washington to get tougher on an assertive China and reduce the size of the U.S. government. In a media call, contributors to the upcoming May/June issue of Foreign Affairs make the opposite case, calling for patience with China and a significant public role in boosting the domestic economy.

See more in China; United States; Economics

News Release

Geoeconomic Tools Can Preserve U.S. Global Power, Write Blackwill and Harris in New Book

“Despite having the most powerful economy on earth, the United States too often reaches for the gun instead of the purse,” contend Council on Foreign Relations (CFR) Senior Fellows Robert D. Blackwill and Jennifer M. Harris in a new book, War by Other Means: Geoeconomics and Statecraft. Instead, argue Blackwill and Harris, the United States must strategically integrate economic and financial instruments into its foreign policy—what they define as geoeconomics—or risk losing ground as a world power. 

See more in Asia and Pacific; Diplomacy and Statecraft

Article

The Unsung Success of Nuclear Nonproliferation

Author: Philip H. Gordon
Nikkei Asian Review

When U.S. presidential candidate Donald Trump mused about the possibility of Japan, South Korea and Saudi Arabia developing their own nuclear weapons, it was probably not his intention to highlight the success of the nuclear nonproliferation regime or the policy of President Barack Obama's administration.

See more in United States; Asia and Pacific; Nonproliferation, Arms Control, and Disarmament; Elections

News Release

State Capitalism Threatens Global Security and Prosperity, Argues Kurlantzick in New Book

Over the past two decades, many developing countries have turned away from free market capitalism and toward modern state capitalism, which is a combination of traditional state economic planning and elements of free market competition. In his new book, Council on Foreign Relations Senior Fellow for Southeast Asia Joshua Kurlantzick argues that modern state capitalism is ultimately “more protectionist, more dangerous to global security and prosperity, and more threatening to political freedom” than free market economics.

See more in Asia and Pacific; Russian Federation; Economics

Testimony

Objectives and Future Direction for Rebalance Economic Policies

Author: Elizabeth C. Economy

In testimony before the U.S.-China Economic and Security Review Commission, Elizabeth Economy discussed the economic components of the “rebalance to Asia” and its prospects going forward. She recommended that the U.S. Congress ratify TPP, continue to support the Ex-Im Bank, and increase support for NGO operations across the Asia-Pacific in fields such as legal education and anti-corruption that help promote good economic governance. She also called for greater coordination between commercial diplomacy and strategic economic plans and greater support for the proposed U.S. New Silk Road initiative.

See more in China; United States; Economics

Op-Ed

The Trump-Sanders China Syndrome

Authors: Benn Steil and Emma Smith
Wall Street Journal

Benn Steil’s op-ed in the March 30 edition of the Wall Street Journal, co-authored with Emma Smith, looks at presidential campaign charges that China is engaged in “currency manipulation” to boost net exports.  They show that the aims of China’s pegged exchange rate regime have varied over the past two decades, and have not always been mercantilist. In recent months, with capital flowing out of China at a prodigious rate, its interventions have been to keep its currency up—not down.  Launching a trade war with China over currency management, as Donald Trump and Bernie Sanders intend, would therefore be nonsensical—as well as damaging to U.S. interests.

See more in China; United States; Monetary Policy; Elections

Op-Ed

Preparing for Change

Author: Daniel S. Markey
The Cipher Brief

For over six decades, the United States and Pakistan have suffered through a tormented and often tumultuous relationship, one defined at its apex by wartime alliance and at its nadir by stiff U.S. sanctions. In many ways, the period since 9/11 has mirrored that longer history, with expectations inflated and dashed, overblown rhetoric, and in the end, more frustration than satisfaction.

See more in United States; Pakistan; Diplomacy and Statecraft