PacNet #45 – Firmness and Realism Needed on North Korea

As President Clinton visits Seoul, it is high time to review creaking American policies toward the Democratic Peoples Republic of Korea. A “soft landing” is a wish, not a policy. Equally, the administration’s pride, the four year old “Agreed Framework” despite worthy success in freezing a part of North Korea’s nuclear weapons efforts, is also […]

PacNet #44 – Easing the Military Confrontation in Korea

North Korea’s launch of a new missile has set off alarm in Japan. The alarm is warranted insofar as the new missile, called the Taepodong I by U.S. intelligence, is capable of reaching Japan. Yet the launch was more likely an unsuccessful attempt to mark Kim Jong Il’s formal accession to power by boosting a […]

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 […]