Asia and Pacific


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


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


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


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

Article Author: Edward Alden
Nikkei Asian Review

The government of India filed suit on March 3 in the World Trade Organization (WTO) seeking to overturn a new U.S. tax on high-skilled migrants that India says discriminates against its citizens and would damage some of its most successful companies. The case marks the first time that a country's immigration laws have been challenged using the rules of a trade agreement, writes CFR’s Edward Alden.

See more in India; United States; Trade; International Organizations and Alliances


State Capitalism and the Threat to Democracy

Author: Joshua Kurlantzick
Asia Sentinel

Joshua Kurlantzick, a senior fellow at the Council on Foreign Relations, has written State Capitalism: How the Return of Statism is Transforming the World, a timely look at the phenomenon and its dangers to democracy and the economic order. Asia Sentinel is privileged to print this excerpt from the book, which is to be published by Oxford University Press in April.

See more in Thailand; Democratization


China's Maritime Disputes

Authors: Beina Xu and Eleanor Albert
Producers: Jeremy Sherlick and Hagit Ariav

The East and South China Seas are the scene of escalating territorial disputes between China and its neighbors, including Japan, Vietnam, and the Philippines. The tensions, shaped by China's growing assertiveness, have fueled concerns over armed conflict and raised questions about Washington's security commitments in its strategic rebalance toward the Asia-Pacific region.

See more in Asia and Pacific; Defense and Security