CAPP News Archive - 2007

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Our Misplaced Yuan Worries — Dec. 17, 2007

Our Misplaced Yuan Worries

In 2005, the yuan was worth 12 U.S. cents and is currently worth 13.5 cents. Many believe that if the yuan’s exchange value were to increase further, perhaps to 17 cents or 18 cents, the bilateral imbalance between the two countries would be substantially reduced, if not eliminated.

Policy Forum Addresses Rise of China — Nov. 29, 2007

Shanghai China cityscape

China has transformed in dramatic ways over the past 25 years and wields increasing influence on the global stage. What are the myths and realities of China's impact on the changing geopolitical landscape? What are the challenges and opportunities for the United States?

Gift from Cyrus Chung Ying Tang Foundation Will Help Establish China Study Institute — Sep. 19, 2007

U.S. and China flags

The Cyrus Chung Ying Tang Foundation has donated $2 million to the RAND Corporation to establish the Tang Institute for U.S.-China Relations. The institute will work to improve policy discussions that shape relations between the U.S. and China on issues such as currency, labor and trade, and more.

Unofficial Diplomacy Efforts Can Have a Positive Effect in the Middle East, South Asia Over Long Term - September 19, 2007

Unofficial diplomatic discussions can play a significant role in shaping attitudes in the Middle East and Asia, but are best used as a long-term strategy without expectations for dramatic policy shifts, according to a report issued today by the RAND Corporation.

A Few Low Notes Won't Spoil China-US Harmony - August 2, 2007

US–China relations, and the respective national interests which underlie them, are generally harmonious. However, as discussed by Charles Wolf, Jr. in this commentary for the South China Morning Post, this harmony is occasionally jarred by sharp discord such as legislation pending in the US Congress to put pressure on China to substantially raise the value of its “misaligned” yuan, relative to the US dollar.

China's Challenge - July 29, 2007

Ever since China test-fired ballistic missiles into the ocean near Taiwan in 1995 and 1996, many analysts and commentators have sounded the alarm about the threat of China´s military power. This has been a false alarm until now, but within a decade China could supplant America as the dominant military power in East Asia as discussed in this commentary by Rober Cliff for the San Diego Union-Tribune.

Cost of Unleashing China's Currency - July 13, 2007

Congress has become obsessed with the Chinese currency seemingly because of US job losses and the trade deficit. While China's currency may well be undervalued, the fundamental causes of the job losses and the trade deficit actually lie elsewhere as discussed by William H. Overholt and Pieter Bottelier in this commentary for the Christian Science Monitor.

Charles Wolf, Jr.

Senior Economic Adviser and Corporate Fellow in International Economics - May 18, 2007

Charles Wolf Jr. received the Order of the Rising Sun, Gold Rays with Neck Ribbon on May 11 from the government of Japan, in recognition for his many years of work on Japan. The two-part ceremony took place at the Foreign Ministry office in Tokyo and the Imperial Palace, where there was a reception with Emperor Akihito.

Paradoxes: Liberal...Conservative...Go Figure - Mar. 26, 2007

One of the few matters that Democrats and Republicans apparently agree on these days is the use of “liberal” and “conservative” as shorthand for the political left and right, respectively. This is ironic since the economic policies associated with these groups are the mirror images of what they stand for in the rest of the world. The sharpest contrast is in China and Russia, which are both struggling to manage a transition from highly centralized planned economies to market–driven ones as discussed in this commentary by Charles Wolf, Jr. for the Milken Institute Review.

Unknown Education Revolution - Mar. 7, 2007

The massive expansion of private primary schooling across India may be a harbinger of the Unknown Indian Education Revolution as reflected by more than 80% of government–school teachers sending their own children to a private school. When government teachers don´t trust government schools with their own children, it´s time to recognize that this is not a path–breaking exception but part of a mainstream, silent and telling revolt against the poor performance of government schools as discussed by Naveen Mandava in a commentary for Mint.

Central Asia´s Great Game - Mar. 5, 2007

The recent election of the former deputy prime minister and health minister, Gurbanguly Berdymukhammedov, as president of Turkmenistan could have a profound influence on events far from the remote Central Asian nation. With one of the largest natural gas reserves in the world, Moscow, Beijing, Washington and many European capitals will be watching closely to see what policies Berdymukhammedov will pursue, as discussed by F. Stephen Larrabee in a commentary for the United Press International.

RAND Study Says China's Attempts at Economic Coercion of Tiawan Have Only Limited Success - Feb. 16, 2007

China has had only limited success in using economic pressure to win political concessions from Taiwan, although Taiwan's increasing ties with China leave it vulnerable to economic coercion, according to a RAND Corporation study issued today. China's limited success is not necessarily good for Taiwan or U.S. interests in the region, said Murray Scot Tanner, a RAND senior political scientist.

Which economy will run into trouble first: The US or China? - Feb. 7, 2007

Both the US and Chinese economies are highly diversified, highly globalized, competitive economies run by institutions and leaders who are usually capable of reacting proactively to potential problems. The key risk is not that one would collapse, but that both would simultaneously get into trouble according to this commentary by William H. Overholt that appeared in the Policy & Markets Magazine.

Central Asia´s other ‘Turkmenbashis’ - Jan. 15, 2007

The sudden death in late December of Saparmurat Niyazov, Turkmenistan´s authoritarian president-for-life who declared himself "Turkmenbashi" (Leader of all Turkmens), jeopardizes stability in a country that is an increasingly important supplier of energy to Europe. Worse, given the absence of a clearly designated successor and the weakness of civil society and other political institutions, his death could have repercussions across Central Asia as discussed in this commentary by F. Stephen Larrabee in Project Syndicate.