China and the World

    Beijing's Closed Politics Hinders 'New Diplomacy'

    There are two contradictions between China's internal dynamics and the requirements of an internationalist foreign policy. First, because nationalism legitimizes the Communist party, Beijing's leaders will be tempted to sacrifice long-term diplomatic objectives for short-term political gains. Second, a liberal internationalist foreign policy is incompatible with China's illiberal governance.

    China Is Still Far From Being a Free-Market Economy

    Getting to Democracy in Hong Kong

    Recognizing the growing public demand for democratization, the communist leadership of Beijing is prepared to enter a dialogue with Hong Kong democrats. Some in the U.S. Congress want to show solidarity with Hong Kong democrats and toughness toward Beijing by removing beneficial economic treatment that Hong Kong receives. This would be a mistake; better options exist.

    Deterring Conflict In The Taiwan Strait: The Successes and Failures of Taiwan’s Defense Reform and Modernization Program

    The first section of this paper looks at the basic objectives of Taiwan’s defense reform and modernization programs and the successes and failures to date. The second section assesses the underlying reasons for those successes and failures. A final section assesses the prospects for the future and the implications for U.S. policy and U.S.–ROC relations.

    Recent Developments in Hong Kong

    There are currently widespread concerns regarding the "one country, two systems." Recent steps taken by Beijing and pro-democracy advocates in Hong Kong show their strong interest in developing constructive dialogue. Such dialogue would help develop mutual trust, which is crucial for democratic development in Hong Kong and the successful implementation of the "one country, two systems" principle.

    Testimony on Recent Developments in Hong Kong

    • June 23, 2004
    • Carnegie

    There are currently widespread concerns regarding the "one country, two systems." Recent steps taken by Beijing and pro-democracy advocates in Hong Kong show their strong interest in developing constructive dialogue. Such dialogue would help develop mutual trust, which is crucial for democratic development in Hong Kong and the successful implementation of the "one country, two systems" principle.

    Exchange-Rate Regimes and Capital Flows in East Asia

    In most emerging-market economies in East Asia, domestic economic, political, and social pressures push governments in the direction of a relatively inflexible exchange rate and freer capital inflows. This is a bad combination. Exchange rate stability and predictability would be a boon to commerce and finance. But achieving it is easier said than done.

    Taiwan and the Second Chen Administration: A Crisis in the Making?

    • Michael D. Swaine, Richard C. Bush, Bonnie Glaser, Alan D. Romberg
    • June 09, 2004
    • Washington, D.C.

    Four leading China-Taiwan experts discuss political, diplomatic, and security implications of the second Chen Shui-bian administration.

    Beijing Social Contract is Starting to Fray

    Uncertainty over Cross-strait Relations

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