The Logic of China’s North Korea Policy

DPRK: train from Pyongyang to Dandong
Train from Pyongyang to Dandong. Photo: kwramm/flickr.

US and South Korean analysts are annoyed and frustrated by China’s policy toward North Korea. In their eyes, Beijing’s policy not only jeopardizes the security of the US and the ROK and undermines international norms, but is detrimental to China’s own national interests as well. But judgments about whether China’s North Korea policy is illogical or self-defeating depend very much on what people see as China’s goals. Most Chinese analysts would argue that China’s policy has its own internal logic; whether the US and South Korea see that logic is a different matter.

The widely accepted assumption is that China has three goals when it comes to North Korea: stability (no implosion and no war), peace (diplomatic normalization between the US and North Korea), and denuclearization/nonproliferation. Among these three, China prioritizes stability over peace and denuclearization. The secondary status of denuclearization is a sore spot for Washington and Seoul, which see it as the most important goal (or should be). And while different priorities lead to different approaches, North Korean actions have been destabilizing. Therefore, China’s strategy is counterproductive in terms of its own priority, hence illogical.

Reinventing the European Dream

Bonn - EU flag
EU flag, Bonn. Photo: R/DV/RS/flickr.

PRINCETON – The euro crisis and Queen Elizabeth’s recent Jubilee seem to have nothing in common. In fact, together they impart an important lesson: the power of a positive narrative – and the impossibility of winning without one.

Commenting on the Jubilee’s river pageant and horse parade, historian Simon Schama talked to the BBC about “little boats and big ideas.” The biggest idea was that Britain’s monarchy serves to connect the country’s past to its future in ways that transcend the pettiness and ugliness of quotidian politics. The heritage of kings and queens stretching back across more than a millennium – the enduring symbolism of crowns and coaches, and the literal embodiment of the English and now the British state – binds Britons together in a common journey.

The Triumph of Politics in Europe

A European flag and a Greek flag
Will Europe's politicians save the Euro? Photo: YoungJ523/flickr

MADRID – Economics, particularly economic theories, always yield in the end to political imperatives. That is why Europe’s fast-changing political landscape, reshaped by electoral insurrections in France and Greece against German-backed fiscal austerity, is bound to affect Europe’s economic policies as well.

Such an imperative has been at work throughout Europe’s postwar history. Indeed, Europe’s shift from the modest customs union of the European Economic Community to the single market and common currency of today’s European Monetary Union was itself a fundamentally political move, one with strategic implications, of course. France wanted to tame German power by harnessing it to the European project, and Germany was prepared to sacrifice the Deutsche Mark for the sake of France’s acceptance of a united Germany, the nightmare of Europe’s recent past.

An economically robust Germany is, without doubt, vital to the European project, if only because history has shown how dangerous an unhappy Germany can be. Indeed, it was thanks to the euro – and the captive European market that goes with it – that Germany today is the world’s second-leading exporter (China surpassed it in 2009).

Views From Greece: Europe’s Paradigm Shift

Photo: opendemocracy/flickr

In a recent article, former Spanish foreign minister Ana Palacio pointed out that Europe, in deciding to move toward a common currency back in the late 1980s, made its “greatest miscalculation [in that it accepted] the assumption of stability while on the verge of a systemic transformation impregnated with volatility.”

Palacio’s words may sound obvious today with the help of hindsight, especially since the European Union is reeling from the impact of the sovereign debt crisis and the persistent confusion over what to do to correct the mess. And correctly Palacio suggests that what Europe needs is a new political paradigm that will allow it to rise to the requirements of a fast changing world order.

This is the greatest challenge that the nominally “united” Europe has come across since its inception. In the recent past, European leaders appeared to assume that enlargement by itself would somehow automatically trigger processes for the “deepening” of European political integration. But, just like in the case of adopting the euro, Europeans again made the incorrect assumptions of a universe operating according to wishful thinking and not according to the laws of Nature.

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Business and Finance

Niall Ferguson: Can Europe Fail and Is America Next?

Niall Ferguson
Niall Ferguson. Image: The Aspen Institute//flickr

Probably no questions are more relevant today than those Niall Ferguson considered in his lecture on Monday (30 January 2012), hosted by the Swiss Institute of International Studies, at the University of Zurich.  Fresh from the World Economic Forum (WEF) in Davos, the answers he gave were far from comforting:  Can Europe collapse? Of course it can.  Is America next?  Maybe.

But more importantly, Ferguson told us, we should have seen this coming. Ten years ago, in an article he co-authored in Foreign Affairs, he predicted that Europe’s newly minted Economic and Monetary Union (EMU) was doomed without a fiscal union to accompany it.  Indeed, Ferguson was one of the original ‘Cassandras’ of the project, warning as early as 2000 that “monetary unions can be undone by fiscal imbalances.”  This, he told us, was one of the lessons of history.  The closest precedent of the EMU, after all, was the obscure Latin Monetary Union, comprising France, Belgium, Switzerland, Italy, and Greece between 1865 and 1927.  Why is it so obscure?  Because it was destroyed by “asymmetric fiscal problems” – by the divergence between French fiscal probity, on the one hand, and Italian and Greek fiscal laxity on the other.