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Chen Lin

China's Dumping Of The Dollar Has Begun - 0 views

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    Who's doing China? Read this article -- there goes uniqueness to the econ impact on your china relations disad.
Chen Lin

The U.N. Convention on Climate Change in Copenhagen 101 - 0 views

  • The Obama administration established new federal greenhouse gas pollution limits. An October executive order requires federal government agencies to set greenhouse gas emission reduction targets that must be met by 2020. All of these actions, along with additional steps forward, will help enhance American economic competitiveness. And on December 7, Environmental Protection Agency Adminstrator Lisa Jackson announced the "endangerment finding" under the Clean Air Act. This enables EPA to finalize limits on global warming pollution from motor vehicles and large industrial sources. President Obama would prefer that Congress, rather than EPA, establish these pollution limits, but the endangerment finding means that EPA will act if Congress fails to do so.
  • China announced a carbon reduction target. The Obama administration’s hard work with China and India is starting to pay off. China announced on Thanksgiving Day a target of reducing carbon pollution per unit of gross domestic product by 40 to 45 percent from 2005 levels by 2020. This is the first time China has committed to specific carbon reductions. The November joint statement by Presidents Obama and Hu Jintao on the creation of a greenhouse gas inventory between the U.S. EPA and China will make it possible to measure and verify these reductions.
  • India announced a carbon reduction target. India announced on December 2, soon after the U.S.-India summit in Washington, that it intends to offer a target for decreasing its carbon intensity 24 percent from 2005 levels by 2020. This is the first time India has proposed its own specific carbon reduction target, which adds to its already established commitment to set the largest solar power generation target in the world.
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  • Current and planned policies would already yield 65 percent of needed reductions. Project Catalyst and the Center for American Progress modeled the pollution reductions from policies implemented and proposed by the 16 nations of the Major Economies Forum and the 27 countries of the European Union. The best-case scenario shows that these policies provide 65 percent of the immediate reductions science recommends by 2020. This would help the world limit total atmospheric concentration to 450 parts per million of carbon equivalent. This is the stabilization pathway that the Nobel Prize-winning International Panel on Climate Change estimates is necessary to limit temperature increase to 2° Celsius above pre-industrial levels.
  • An international agreement would restart the global economy. A binding international agreement would spark more public and private outlays for clean-energy technologies to capitalize on emerging clean-energy investment opportunities abroad and at home. A report to be released at Copenhagen by the Center for American Progress as part of the nine-party Global Climate Network estimates that part of the current and proposed clean-energy proposals in the United States, United Kingdom, Germany, Nigeria, South Africa, India, China, Australia, and Brazil would produce a total of 19.7 million jobs.
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    Various cards regarding climate change. Lots of good uniqueness and solvency evidence.
Chen Lin

U.S. Seen as Less Important, China as More Powerful - Pew Research Center - 0 views

  • 41% of the public says the United States plays a less important and powerful role as a world leader today than it did 10 years ago -- the highest percentage ever in a Pew Research survey.
  • 44% of the public now says China is the world's leading economic power, while just 27% name the United States.
  • the percentage saying that the United States should "mind its own business internationally and let other countries get along the best they can on their own" has reached an all-time high of 49%.
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  • Fully 44% say that because the United States "is the most powerful nation in the world, we should go our own way in international matters, not worrying about whether other countries agree with us or not."
  • Fully 44% say that because the United States "is the most powerful nation in the world, we should go our own way in international matters, not worrying about whether other countries agree with us or not."
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    Polls indicate that US influence is declining. China is viewed as world's greatest economic power. Unilateralism on the rise.
Jassmin Poyaoan

China think-tank bleak on global climate goal| Green Business| Reuters - 0 views

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    BEIJING (Reuters) - An international goal to limit global warming to no more than 2 degrees Celsius appears unreachable even if China embarks on a vast effort to tame its growing greenhouse gas emissions,
alex smith

China-Pakistan Relations - Council on Foreign Relations - 0 views

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    As the United States and India move toward cementing their warmest relationship ever, India�s rival, Pakistan, is broadening its ties with its own powerful ally: China. sick disad material imo--tons of ways to spin the link
Chen Lin

What to Watch for in Copenhagen | Foreign Policy - 0 views

  • Obama recently pledged that the United States would reduce emissions about 17 percent by 2020 as compared with 2005 levels (though the Wall Street Journal is reporting that he might soon announce steeper cuts for 2050); his current pledge reflects numbers in bills now under review by Congress. The president probably can't offer much more without risking that any final treaty would later be rejected by Congress, similar to what happened when the U.S. Senate failed to ratify the Kyoto climate treaty in 1997.
  • Rather than absolute carbon cuts, some developing countries, including China and India, have declared goals of reducing the "carbon intensity" of their economies. In other words, they will use less carbon per unit of GDP growth, but as their overall economies grow, so too will carbon emissions, at least for the short term. China has pledged to reduce the carbon intensity of its economy by 40 to 45 percent. India has a target of 20 to 25 percent. The targets have been applauded by some as a step forward and pilloried by others as far too low.
  • The upshot: Nothing will happen unless there's money behind it, and for some countries, the financial pledge may be as politically difficult as the carbon-reduction pledge. (Sen. John Kerry has proposed that the United States pony up $2.5 billion to $3 billion, roughly equivalent to the annual budget of the U.S. Food and Drug Administration.) With many industrialized countries stuck in recessions and struggling with high unemployment, short-term generosity will be difficult.
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    Why Copenhagen and other international agreements won't work.
Sharmi Doshi

China and America: The odd couple | The Economist - 0 views

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    China- Us relations
Chen Lin

The First Move - Carnegie Endowment for International Peace - 0 views

  • In a classic study of co-operation based on computer simulation, The Evolution of Co-operation, Professor Robert Axelrod of the University of Michigan demonstrated that the most effective winning strategy for inducing co-operation is one that offers cooperation first and then sticks to tit-for-tat – or in other words, strict – reciprocity. By applying this strategy, players (or countries) that want to cement mutually co-operative relationships normally make a co-operative first move and then respond positively to acts of co-operation, and retaliate against cheating with cheating. More encouragingly, such a strategy can be applied to situations where both sides are apparently deadlocked in non-co-operative positions. Bilateral deadlocks can be broken if one side pushes the “reset” button and starts the game anew by offering concessions first.
Chen Lin

Are Emerging Markets the Next Bubble? - Carnegie Endowment for International Peace - 0 views

  • if large economies keep interest rates loose for too long, faster global growth could instead add fuel to the fire. Tighter monetary policy in the United States and the Euro area is still a way off, but may be edging closer.  The European Central Bank will conclude emergency lending in December. The rate on the final loans will be indexed to the ECB’s benchmark rate, rather than fixed at 1 percent, giving the Bank room to raise interest rates if needed. Unemployment, a key signal for central bankers considering raising rates, fell to 10 percent in the United States last week, but it is not yet clear if this improvement will persist.
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      Low interest rates in big economies will persist, meaning the bubble is inevitable.
  • These price surges could cause or temporarily conceal bad debts in a number of smaller economies, hurting investors who have turned to these markets. However, unless these surges continue, the risk to the global recovery will be contained. Dubai World’s recent near default illustrates the potential shocks that debt from bursting asset bubbles can cause. Similar problems could and probably will emerge in other economies which have been badly hit by the crisis, and where government finances are stretched, including Ireland, Greece, and the Baltics.
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      Impact -- asset bubbles misallocate wealth by hiding bad debt. When the froth is popped, we'll see repeats of what happened in Dubai across the developing world with impacts for the developed world as well.
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    You should never lose econ uniqueness with this card -- excellent warrants for why a bubble is forming in developing countries now because of loose monetary policies in countries like US and China. Collapse inevitable.
alex smith

huffpo 12/4 on china sudan - 0 views

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    pretty self explanatory...not the best quality article but its a good primer
alex smith

confronting the china-us economic imbalance - 0 views

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    good cfr backgrounder, lots of stuff on currency manipulation/trade balances/lol dollar dumping
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