Asia

The Carnegie Asia Program in Beijing and Washington provides clear and precise analysis to policy makers on the complex economic, security, and political developments in the Asia-Pacific region.

The Carnegie–Tsinghua Center for Global Policy is a joint U.S.–China research center based at Tsinghua University in Beijing, China. The Center brings together senior scholars and experts from the United States and China for collaborative research on common global challenges that face the United States and China.
 
In the spotlight
 

China: The Influence of History

Most Chinese apparently believe that China’s rightful place in the international order is as a major (not singularly dominant) power whose views must be respected but who exists in general harmony with other nations.

Malaysia’s Big Chance to Help Shape ASEAN’s New Era

As the 2015 ASEAN chair, Malaysia should demonstrate genuine and forward-looking regional leadership on the ASEAN Economic Community.

Revamping China’s Fiscal System

Contrary to popular belief, banks aren’t the source of China’s major economic headaches. They’re merely the accommodators. The real culprit is the current fiscal system.

The Fairness Dilemma

China and Japan’s perceptions of fairness are often incompatible, leading to a fairness dilemma that could end in tragedy and involve the U.S. military.

China’s Debt Dilemma

China’s economy is in for a bumpy ride. But if Chinese leaders implement the right macroeconomic policies and structural reforms, the challenges should be manageable.

What Myanmar Means for the U.S.-Japan Alliance

The historic political and economic transition under way in Myanmar is a strategic opportunity for the United States and Japan that requires closer alliance coordination.

 
  • Op-Ed
    When Do We Decide That Europe Must Restructure Much of Its Debt?
    Michael Pettis February 25, 2015 China Financial Markets

    The biggest constraint to the EU’s survival is debt. Europe will not grow and unemployment will not drop until the costs of the excessive debt burdens are addressed.

     
  • Op-Ed
    The Catch-22 in U.S.-Chinese Relations
    Paul Haenle, Stephen Hadley February 22, 2015 Foreign Affairs

    The United States and China don’t agree on every issue. But in the past, the two countries have found ways to deal with their disagreements without obstructing progress in areas of common interest.

     
  • Op-Ed
    Debating China’s Growth Exceptionalism
    Yukon Huang February 10, 2015 Financial Times

    Those who doubt China’s prospects in the near term emphasize economic distortions. China bulls, on the other hand, assert that competent policies will help the economy rebound. Both groups are correct with respect to their own time horizon.

     
  • Op-Ed
    Two Challenges That Could Test President Widodo’s Mettle
    Vikram Nehru February 5, 2015 Nikkei Asian Review

    Indonesian President Joko Widodo faces two huge challenges. The first is political and has mesmerized the country for the last fortnight. The second is economic, less well known and less urgent, but will also test his leadership mettle.

     
  • Op-Ed
    Syriza and the French Indemnity of 1871-73
    Michael Pettis February 4, 2015 China Financial Markets

    European nationalists have successfully convinced the world, against all logic, that the European crisis is a conflict among nations, and not among economic sectors.

     
  • Op-Ed
    The New Asian Order
    Evan A. Feigenbaum February 2, 2015 Foreign Affairs

    Asian financial integration is becoming a lasting feature of the political and economic reality in Asia and will pose a growing challenge to U.S. leadership in the Pacific. Washington should not shy away from this competition.

     
  • Op-Ed
    Can Monetary Policy Turn Argentina Into Japan?
    Michael Pettis February 1, 2015 China Financial Markets

    If the world does indeed face another decade or two of “superabundant capital” in spite of economic stagnation and slow growth, the historical precedents suggest a number of consequences.

     
  • ROK-U.S. Civil Nuclear and Nonproliferation Collaboration in Third Countries
    Duyeon Kim, Fred McGoldrick, Robert Einhorn, James Tyson January 22, 2015 Brookings Institution

    The projected growth in the use of nuclear power worldwide creates new opportunities for deepening and expanding existing U.S.-South Korean collaboration to promote the civil uses of nuclear energy in third countries. This expansion can build on the cooperation that is already taking place.

     
  • Op-Ed
    Inverted Balance Sheets and Doubling the Financial Bet
    Michael Pettis January 21, 2015 China Financial Markets

    Chinese economic growth will continue to slow. Although many economic analyses are based on the success of economic reforms, near-term growth is more accurately forecast in terms of balance sheet constraints.

     
  • Op-Ed
    China: The Influence of History
    Michael Swaine January 14, 2015 Diplomat 中文

    Most Chinese apparently believe that China’s rightful place in the international order is as a major (not singularly dominant) power whose views must be respected but who exists in general harmony with other nations.

     
  • Event
    Wendy Sherman on Northeast Asia
    Wendy Sherman, William Burns, Douglas H. Paal February 27, 2015 Washington, DC

    Under Secretary of State for Political Affairs Wendy Sherman spoke about how the United States has worked with partners and allies to build a peaceful and prosperous post-war order in Northeast Asia, and the future of U.S. policy in the region.

     
  • Event
    Can Thailand Escape the Middle Income Trap?
    Akira Suehiro, John Brandon, Luis Breuer, James L. Schoff February 26, 2015 Washington, DC

    Thailand finds itself struggling to escape the middle income trap and adjust to changing trade structures in a dynamic region. Amid a combination of both tough scrutiny and encouragement from Washington and Tokyo, can the country overcome these challenges successfully?

     
  • Op-Ed
    When Do We Decide That Europe Must Restructure Much of Its Debt?
    Michael Pettis February 25, 2015 China Financial Markets

    The biggest constraint to the EU’s survival is debt. Europe will not grow and unemployment will not drop until the costs of the excessive debt burdens are addressed.

     
  • Op-Ed
    The Catch-22 in U.S.-Chinese Relations
    Paul Haenle, Stephen Hadley February 22, 2015 Foreign Affairs

    The United States and China don’t agree on every issue. But in the past, the two countries have found ways to deal with their disagreements without obstructing progress in areas of common interest.

     
  • Event
    Japan’s Northeast Asia Policy Under Abe
    Yasuhiro Izumikawa, Joseph Ferguson, James L. Schoff February 11, 2015 Washington, DC

    During his tenure as Japan’s prime minister, Shinzo Abe has faced particularly challenging foreign policy issues in his own back yard.

     
  • Op-Ed
    Debating China’s Growth Exceptionalism
    Yukon Huang February 10, 2015 Financial Times

    Those who doubt China’s prospects in the near term emphasize economic distortions. China bulls, on the other hand, assert that competent policies will help the economy rebound. Both groups are correct with respect to their own time horizon.

     
  • Op-Ed
    Two Challenges That Could Test President Widodo’s Mettle
    Vikram Nehru February 5, 2015 Nikkei Asian Review

    Indonesian President Joko Widodo faces two huge challenges. The first is political and has mesmerized the country for the last fortnight. The second is economic, less well known and less urgent, but will also test his leadership mettle.

     
  • Op-Ed
    Syriza and the French Indemnity of 1871-73
    Michael Pettis February 4, 2015 China Financial Markets

    European nationalists have successfully convinced the world, against all logic, that the European crisis is a conflict among nations, and not among economic sectors.

     
  • Op-Ed
    The New Asian Order
    Evan A. Feigenbaum February 2, 2015 Foreign Affairs

    Asian financial integration is becoming a lasting feature of the political and economic reality in Asia and will pose a growing challenge to U.S. leadership in the Pacific. Washington should not shy away from this competition.

     
  • Op-Ed
    Can Monetary Policy Turn Argentina Into Japan?
    Michael Pettis February 1, 2015 China Financial Markets

    If the world does indeed face another decade or two of “superabundant capital” in spite of economic stagnation and slow growth, the historical precedents suggest a number of consequences.

     

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China Insights

Carnegie Experts on Asia

  • Muthiah Alagappa
    Nonresident Senior Associate
    Asia Program

    Alagappa, a nonresident senior associate in the Asia Program, was the first holder of the Tun Hussein Onn Chair in international studies at the Institute of Strategic and International Studies in Kuala Lumpur, Malaysia. His research focuses primarily on Asian security, the political legitimacy of governments, civil society and political change, and the political role of the military in Asia.

  •  
  • Evan A. Feigenbaum
    Nonresident Senior Associate
    Asia Program

    Feigenbaum’s work focuses principally on China and India, geopolitics in Asia, and the role of the United States in East, Central, and South Asia. His previous positions include deputy assistant secretary of state for South Asia, deputy assistant secretary of state for Central Asia, and member of the secretary of state’s policy planning staff with principal responsibility for East Asia and the Pacific.

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  • François Godement
    Nonresident Senior Associate
    Asia Program

    Godement, an expert on Chinese and East Asian strategic and international affairs, is a nonresident senior associate in the Asia Program at the Carnegie Endowment for International Peace.

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  • Paul Haenle
    Director
    Carnegie–Tsinghua Center for Global Policy

    Haenle served as the director for China, Taiwan, and Mongolian Affairs on the National Security Council staffs of former president George W. Bush and President Barack Obama prior to joining Carnegie.

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  • John L. Holden
    Nonresident Senior Associate
    Asia Program

    Holden is a nonresident senior associate in the Carnegie Asia Program. He also advises corporations and other organizations on their operations in China and assists Chinese companies overseas.

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  • Yukon Huang
    Senior Associate
    Asia Program

    Huang is a senior associate in the Carnegie Asia Program, where his research focuses on China’s economic development and its impact on Asia and the global economy.

  •  
  • Duyeon Kim
    Associate
    Nuclear Policy Program
    Asia Program

    Kim is an expert on nuclear nonproliferation, nuclear security, and Asia.

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  • Vikram Nehru
    Senior Associate
    Asia Program
    Bakrie Chair in Southeast Asian Studies

    Nehru is a senior associate in the Carnegie Asia Program. An expert on development economics, growth, poverty reduction, debt sustainability, governance, and the performance and prospects of East Asia, his research focuses on the economic, political, and strategic issues confronting Asia, particularly Southeast Asia.

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  • Douglas H. Paal
    Vice President for Studies

    Paal previously served as vice chairman of JPMorgan Chase International and as unofficial U.S. representative to Taiwan as director of the American Institute in Taiwan.

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  • Michael Pettis
    Nonresident Senior Associate
    Asia Program

    Pettis, an expert on China’s economy, is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets.

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  • James L. Schoff
    Senior Associate
    Asia Program

    Schoff is a senior associate in the Carnegie Asia Program. His research focuses on U.S.-Japanese relations and regional engagement, Japanese politics and security, and the private sector’s role in Japanese policymaking.

  •  
  • Michael Swaine
    Senior Associate
    Asia Program

    Swaine is a senior associate at the Carnegie Endowment for International Peace and one of the most prominent American analysts in Chinese security studies.

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About the Program

The Carnegie Asia Program in Beijing and Washington provides clear and precise analysis to policy makers on the complex economic, security, and political developments in the Asia-Pacific region.

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