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Owing to a strong cultural and historical bond, India and Southeast Asia have progressed rapidly. Though there are political and ideological differences between these two entities, it may not hamper the strong bond as there are many common shared values among these nations. The history of these nations identifies that the cooperation between them in terms of trade and commerce is not upheld per the given potential of these nations. In the past, the Indian economy was linked with Southeast Asian countries under the “Look East” policy, which has been re-energized again under the present government. Now, the “Look East” policy is practically more vibrant than ever before with the motto “Act East.” This policy facilitates these countries in emphasizing the importance of better regional connectivity for tourism as well as robust trade and commerce. It leads to a phenomenal growth in terms of imports and exports for these countries. Evaluating Trade and Economic Relations Between India and Southeast Asia sheds light on the trade and economic linkages between India and Southeast Asia and their impact on the nations in the past, present, and for the future. The chapters study whether the win-win strategy works for the strengthening of these countries in terms of both trade relations and political integrity, as well as in facing common enemies across international boundaries. Some of the topics covered include food security, tourism opportunities, trade blocs, trade relations, and economic relations between countries. This book is a valuable reference tool for economists, government officials, policymakers, trade analysts, practitioners, researchers, academicians, and students interested in the policies and relations between India and Southeast Asia that affect trade and the economy.
The relation between China and the United States is arguably the most important bilateral relation in the world today. The U.S. and China are respectively the largest and the second largest economies in the world. They are also respectively the largest and the second largest trading nations in the world as well as each other’s most important trading partner. If China and the U.S. work together as partners towards a common goal, many things are possible. However, there exist significant friction and potential conflict in their economic relations. The large and persistent U.S.-China bilateral trade deficit is one of the problems. It is essential to know the true state of the China-U.S. trade balance before effective solutions can be devised to narrow the trade surplus or deficit. The impacts and potential impacts of the 2018 trade war between China and the U.S. on the two economies are analysed and discussed. The longterm forces that underlie the economic relations between the two countries beyond the 2018 trade war are examined. In this connection, how a “new type of major-power relation” between the two countries can help to keep the competition friendly and avert a war between them is explored. ~~~~~~~~ Lawrence J. Lau’s timely The China-U.S. Trade War and Future Economic Relations is full of careful analysis, penetrating insight and helpful suggestions from the world’s preeminent economist on this relationship. —Michael J. Boskin Tully M. Friedman Professor of Economics, Stanford University Former Chair, U.S. President’s Council of Economic Advisers This sober and systematic study of U.S.-China trade relations and of technological development in the two countries is particularly timely. Lawrence Lau is one of the world’s foremost economists working on these issues. —Dwight H. Perkins Harold Hitchings Burbank Professor of Political Economy, Emeritus Former Chair, Department of Economics, Harvard University This is a timely and penetrating analysis of the China-U.S. trade and economic relations, from its origins to its impacts and to a way forward. —Yingyi Qian Chairman of the Council, Westlake University Former Dean, School of Economics and Management, Tsinghua University Counsellor of the State Council, People’s Republic of China Lawrence Lau’s book on the current U.S.-China trade war is insightful, balanced and comprehensive; rich in data on trade, investment, science and technology. It is essential reading for anyone who wants to get past the headlines. —A. Michael Spence Nobel Laureate in Economic Sciences (2001) Senior Fellow, The Hoover Institution, Stanford University Lawrence Lau brings light in the form of rigorous honest fact-based economic analysis to a subject where most of the discussion has been heated bluster, false claims, and political rhetoric. —Lawrence H. Summers Former U.S. Secretary of the Treasury; Former President, Harvard University There is no topic more important, or more timely, or more urgent, than the China-U.S. trade war. Professor Lau is the ideal person to write about the implications of the China-U.S. trade war and the proposed resolution. —Tung Chee-Hwa Vice-Chairman, Chinese People’s Political Consultative Conference National Committee Chairman, China-U.S. Exchange Foundation The history of Sino-American relations, to a great extent, has been a shared history. Lawrence Lau’s timely and penetrating study will tell us it is still in best interest for both countries if they continue to pursue a shared journey and destination instead of parting ways. —Xu Guoqi Kerry Group Professor in Globalization History, The University of Hong Kong Author of Chinese and Americans: A Shared History This beautifully composed book uses nontechnical language to unravel the intricacies of the 2018 U.S.-China trade war, together with its long-term impact. I learned a lot from reading it. —Chen-Ning Yang Nobel Laureate in Physics (1957)
"A joint publication of the Social Science Research Council and New York University Press."
China's continuing rapid economic growth and expanding involvement in global affairs pose major implications for the power structure of the international system. To more accurately and fully assess the significance of China's emergence for the United States and the global community, it is necessary to gain a more complete understanding of Chinese security thought and behavior. This study addresses such questions as: What are China's most fundamental national security objectives? How has the Chinese state employed force and diplomacy in the pursuit of these objectives over the centuries? What security strategy does China pursue today and how will it evolve in the future? The study asserts that Chinese history, the behavior of earlier rising powers, and the basic structure and logic of international power relations all suggest that, although a strong China will likely become more assertive globally, this possibility is unlikely to emerge before 2015-2020 at the earliest. To handle this situation, the study argues that the United States should adopt a policy of realistic engagement with China that combines efforts to pursue cooperation whenever possible; to prevent, if necessary, the acquisition by China of capabilities that would threaten America's core national security interests; and to remain prepared to cope with the consequences of a more assertive China.
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Japan's regional geoeconomic strategy -- Foreign economic policy, domestic institutions and regional governance -- Geoeconomics of the Asia-Pacific -- Transformation in the Japanese political economy -- Trade and investment : a gradual path -- Money and finance : an uneven path -- Development and foreign aid : a hybrid path.
This book explains why the idea of the Indo-Pacific is so strategically important and concludes with a strategy designed to help the West engage with Chinese power in the region in such a way as to avoid conflict.
The Council on Foreign Relations (CFR) and Aspen Institute India (Aii) have cosponsored a U.S.-India Joint Study Group to identify the shared national interests that motivate the United States and India. The group is releasing its conclusions from meetings held in New Delhi, and Washington, DC. It recommends* The United States express strong support for India''s peaceful rise as a crucial component of Asian security and stability.* The United States and India endorse a residual U.S. military presence over the long term in Afghanistan beyond 2014, if such a presence is acceptable to the government of Afghanistan.* The two countries resume regular meetings among the so-called Quad states (the United States, India, Japan, and Australia), and should periodically invite participation from other like-minded Asian nations such as South Korea, Indonesia, Singapore, and Malaysia. Representatives of the Quad states have not met since 2007.The group comprised business, policy, and thought leaders from the United States and India, and was co-chaired by Robert D. Blackwill, Henry A. Kissinger senior fellow for U.S. foreign policy, and Naresh Chandra, chairman of National Security Advisory Board.Other members are:Graham T. Allison - Harvard Kennedy SchoolK. S. Bajpai - Delhi Policy GroupSanjaya Baru - Business Standard, IndiaDennis C. Blair Former Director of National IntelligencePramit Pal Chaudhuri - Hindustan TimesP. S. Das Former commander-in-chief, Eastern Naval Command, Indian NavyTarun Das - Aspen Institute IndiaJamshyd N. Godrej - Godrej & Boyce Manufacturing Company Ltd.Richard N. Haass - CFR, ex officioStephen J. Hadley - United States Institute of PeaceBrajesh Mishra - Observer Research FoundationC. Raja Mohan - Centre for Policy Research, New DelhiJohn D. Podesta - Center for American ProgressAshley J. Tellis - Carnegie Endowment for International PeacePhilip D. Zelikow - University of VirginiaThe following are select policy recommendations from the report, The United States and India: A Shared Strategic Future.On Pakistan:* Hold classified exchanges on multiple Pakistan contingencies, including the collapse of the Pakistan state and the specter of the Pakistan military losing control of its nuclear arsenal.* The United States should heavily condition all military aid to Pakistan on sustained concrete antiterrorist measures by the Pakistan military against groups targeting India and the United States, including in Afghanistan.* The United States should continue to provide technical assistance to Pakistan to protect its nuclear arsenal, and to prevent the transfer of this technology to third parties.* India should continue its bilateral negotiations with Pakistan on all outstanding issues, including the question of Kashmir. India should attempt to initiate quiet bilateral discussions with Pakistan on Afghanistan as well as trilateral discussions with Afghanistan.On Afghanistan:* India, with U.S. support, should continue to intensify its links with the Afghanistan government in the economic, diplomatic, and security domains.* The United States and India should determine whether large-scale Indian training of Afghanistan security forces, either in Afghanistan or in India, would be beneficial.On China and Asia:* The United States and India should jointly and individually enlist China''s cooperation on matters of global and regional concern. Neither India nor the United States desire confrontation with China, or to forge a coalition for China''s containment.* Given worrisome and heavy-handed Chinese actions since 2007, the United States and India should regularly brief each other on their assessments of China and intensify their consultations on Asian security.On the Middle East:* The United States and India should collaborate on a multiyear, multifaceted initiative to support and cement other democratic transitions in the Middle East-with Arab interest and agreement.* India should intensify discussions with Iran concerning the stability of Iraq and Afghanistan.On economic cooperation, the United States and India should:* Enhance the Strategic Dialogue co-chaired by the U.S. secretary of state and Indian minister of external affairs to include economics and trade.* Begin discussions on a free trade agreement, but recognize that it may not be politically possible in the United States to conclude negotiations in the near term.On climate change and energy technology, the collaboration should:* Include regular, cabinet-level meetings focused on bridging disagreements and identifying creative areas for collaboration.* Conduct a joint feasibility study on a cooperative program to develop space-based solar power with a goal of fielding a commercially viable capability within two decades.On defense cooperation, the United States should:* Train and provide expertise to the Indian military in areas such as space and cyberspace operations where India''s defense establishment is currently weak, but its civil and private sector has strengths.* The United States should help strengthen India''s indigenous defense industry. The United States should treat India as equivalent to a U.S. ally for purposes of defense technology disclosure and export controls of defense and dual-use goods, even though India does not seek an actual alliance relationship.This Joint Study Group, cosponsored by the Council on Foreign Relations and Aspen Institute India, was convened to assess issues of current and critical importance to the U.S.-India relationship and to provide policymakers in both countries with concrete judgments and recommendations. Diverse in backgrounds and perspectives, Joint Study Group members aimed to reach a meaningful consensus on policy through private and nonpartisan deliberations. Once launched, this Joint Study Group was independent of both sponsoring institutions and its members are solely responsible for the content of the report. Members'' affiliations are listed for identification purposes only and do not imply institutional endorsement.