PacNet #42 – PACATOM: Building Confidence and Enhancing Nuclear Transparency

The prospects of an increase in energy demand in the Asia-Pacific region, combined with the perceived need for energy security or self-sufficiency, have driven many countries to develop or at least contemplate the use of nuclear energy. This increased peaceful use of nuclear energy brings with it rising safety and non-proliferation concerns. Moreover, Asia-Pacific international […]

PacNet #41 – Charting the Course at the Edges of the Economic Storm

The Asian economic crisis started, almost suddenly, when Thailand experienced trouble in maintaining its currency exchange rate on July 2, 1997. Since then it has spread like wildfire to other nations and regions in Southeast and Northeast Asia, with South Korea and Japan being sucked into it toward the end of the year. This continuing […]

PacNet #40 – Strategic Trends in China

Reduced rates of economic growth are likely to be a fact of life in China for the next few years, and slow growth could produce an increase in already high levels of social discontent which could result in political instability. For the next few years, the leadership will attempt to implement the structural reforms necessary […]

PacNet #39 – Koo-Wang Talks: Can the “Use of Force” Dispute be Resolved?

The upcoming visit of the chairman of Taiwan’s Straits Exchange Foundation, Koo Chen-fu, to mainland China on October 14-19 marks the long-overdue resumption of high-level cross-straits dialogue between the SEF and Beijing’s Association for Relations Across the Taiwan Straits (ARATS), headed by Wang Daohan.

PacNet #38 – High Time to Reevaluate North Korea Policy

The time has come for the Clinton Administration to step back and seriously reappraise its policy towards North Korea. In light of recent serious events on the peninsula, including the Taepo Dong missile launch and the revelation of a suspected underground nuclear weapons facility, it is evident that the Clinton Administration’s current policies to engage […]

PacNet #37 – Global Capital Flows: No Textbook Solution

As the world’s economic leaders prepare to gather next week for the annual World Bank and International Monetary Fund (IMF) meetings in Washington, D.C., all eyes scan the global economy for new surprises and perils. As countries wage old and new battles against jittery international investors, economic sages are sharpening their intellectual weapons debating the […]

PacNet #36 – A Chance to Restore the Balance

The visit next week of Japan’s new prime minister will provide a good opportunity to review the key issues – the Asian financial crisis, North Korean missile capabilities and the U.S.-Japan security system – facing the two leaders. More important, it will also provide a chance to right the balance in our East Asian policy, […]

PacNet #35 – Malaysia Taking Bitter Pills to Foster Growth

On Aug. 6, after months of debate and calculation, the Executive Council of the National Economic Action Council headed by Malaysia’s Prime Minister Mahathir Mohamad (which is in charge of the crisis management of the economy) made a tough decision. The five members unanimously decided to adopt the Chinese model of currency convertibility and instructed […]

PacNet #34 – Next Steps in the U.S.-Japan Relationship

President Clinton will meet his sixth Japanese counterpart when Prime Minister Obuchi visits the United States next month. In his first meeting, in 1993 with Prime Minister Miyazawa (who has re-surfaced as Japan’s latest Finance Minister), the discussion was dominated by bilateral trade tensions. The stakes are substantially more serious today, as Japan’s deepening recession […]