Asia-Pacific Archive

PHNOM PENH—Conservative forces have strengthened their grip in Vietnam after the ruling Communist Party, late last month, elected its incumbent general-secretary to a second five-year term in the country’s top political office. Analysts say the reappointment of Nguyen Phu Trong, 71, will put a brake on political and economic reforms, but it is unlikely to significantly alter the balance of the country’s crucial relationships with China and the United States. The decision also spelled an end to the ambitions of the reformist Prime Minister Nguyen Tan Dung, who mounted a short-lived challenge for the Community Party’s top post before its […]

Although its previously explosive economic growth has slowed, China’s growing geopolitical clout continues to reshape the balance of power, regionally and beyond. From its relations with the U.S. and its aggressive actions in the South China Sea, to its regional foreign policy and economic prospects, China remains a mixed bag of promise, risk and uncertainty. The following articles are free for non-subscribers until Feb. 18. Testing Time for U.S.-China Ties Xi’s Visit Exposes Mismatch in U.S. and Chinese Expectations Following Chinese President Xi Jinping’s visit to Washington last September, Timothy R. Heath wrote that incremental progress in relations has “been […]

Editor’s note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries. As a commodities-exporting country deeply linked to the Chinese market, Mongolia faces heightened risks from the current commodities slump and China’s economic slowdown. In an email interview, Jonathan Berkshire Miller, director of the Council on International Policy, discusses the impact of the commodities slump on Mongolia. WPR: How important are commodities for Mongolia’s economy, and what effect have falling commodities prices had on public spending and, by consequence, political stability? Jonathan Berkshire Miller: Commodities, and their prices, […]

After the collapse of multilateral trade talks at the World Trade Organization in Geneva in 2008, governments around the world went back to the drawing board to devise new trade strategies. As a second-best solution, trade officials increasingly looked to bilateral and plurilateral trade negotiations to generate commercial opportunities for domestic businesses and strengthen their economic and geopolitical positions in regions of strategic importance. In anticipation of the failure of the WTO’s Doha Round, European Union leaders had already ended, in 2006, the EU moratorium on bilateral trade talks and made concluding comprehensive trade and investment agreements with emerging and […]

Assessments of the largest emerging economies—China, India and Brazil—and their global influence have been as volatile as each of their stock markets. In the wake of the 2008 global financial crisis, the buoyancy of their economies supported both a global recovery and their status as the rising powers of the 21st century. Now, the boom decade after 2001 seems a distant memory. As China’s economy slows from supercharged to respectable growth and rebalancing curbs its demand for commodities, growth in commodity-producing countries, Brazil among them, has slumped. Even India, which surpassed China’s growth rate for the first time in 2015, […]

The results of Taiwan’s presidential and legislative elections, which were held on Jan. 16, were important, and not only for its domestic politics and relations with China. For the third time in Taiwan’s history, there was a peaceful transfer of power through the ballot box, with Tsai Ying-wen of the opposition Democratic Progressive Party (DPP) beating Eric Chu of the ruling Kuomintang party (KMT) for the presidency. Tsai garnered more than 56 percent of votes cast, significantly more than what she managed in her last presidential bid in 2012, when she finished with just over 45 percent. For the first […]