Asia & the Pacific

162 Items

A huge mushroom cloud rises above Bikini atoll in the Marshall Islands following an atomic test blast.

AP Photo

Journal Article - Quarterly Journal: International Security

The Nuclear Balance Is What States Make of It

    Author:
  • David C. Logan
| Spring 2022

Recent quantitative scholarship uses warhead counts to examine whether nuclear superiority offers political or military benefits beyond having a secure second-strike capability. These analyses overlook other elements of a state’s nuclear capability such as state perceptions and beliefs.

South Korean army's K-55 self-propelled artillery vehicle is unloaded from a barge during a Combined Joint Logistics Over-the-Shore exercise of U.S. and South Korea Combined Forces Command at the Anmyeon beach in Taean, South Korea, Monday, July 6, 2015. The U.S. and South Korean military joint exercise are held from June 29to July 9.

AP Photo/Lee Jin-man

Analysis & Opinions - War on the Rocks

South Korea, Conventional Capabilities, and the Future of the Korean Peninsula

    Authors:
  • Ian Bowers
  • Henrik Stålhane Hiim
| Feb. 11, 2021

South Korea's conventional counterforce and countervalue strategy is meant to hold North Korea’s nuclear weapons infrastructure, as well as its leadership, at risk independently from the United States. This strategy is often overlooked by policymakers and analysts, who are more focused on discussing Kim Jong Un’s pledges to develop new missile and nuclear capabilities and how the new administration of President Joe Biden should approach the nuclear issue. However, as we highlight in a new article in International Security, South Korea’s strategy increasingly has a determining impact on strategic stability on the Korean Peninsula and on prospects for denuclearization.

In this Monday, Sept. 4, 2017 file photo provided by South Korea Defense Ministry, South Korea's Hyunmoo II ballistic missile is fired during an exercise at an undisclosed location in South Korea. South Korean warships have conducted live-fire exercises at sea. The drills Tuesday, Sept. 5, mark the second-straight day of military swagger from a nation still rattled by the North's biggest-ever nuclear test.

South Korea Defense Ministry via AP

Journal Article - Quarterly Journal: International Security

Conventional Counterforce Dilemmas: South Korea's Deterrence Strategy and Stability on the Korean Peninsula

    Authors:
  • Ian Bowers
  • Henrik Stålhane Hiim
| Winter 2020/21

South Korea’s conventional counterforce and countervalue strategy is a manifestation of its uncertainties over the reliability of the U.S. alliance. This strategy has significant implications for strategic stability and the potential for denuclearization on the Korean Peninsula.    

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Analysis & Opinions - Bloomberg Opinion

After Oil: Throwing Money at Green Energy Isn’t Enough

| Sep. 17, 2020

The geopolitical and geo-economic forces wrought by the coronavirus pandemic, as examined previously in this series, are likely to slow the transition to a more sustainable global energy mix. Fortunately, the pandemic has also resulted in governments gaining vastly greater influence over whether this shift stalls or accelerates.

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Analysis & Opinions - Bloomberg Opinion

Pandemic Is Hurting, Not Helping, Green Energy

| Sep. 16, 2020

For most people, there was nothing to celebrate when the International Monetary Fund downgraded its outlook for global economic growth in June, anticipating a contraction of 4.9% for 2020. Yet for others, such as the small but persistent group of economists and others known as the degrowth movement,” the Covid-induced economic slowdown has a silver lining.

Different Swedish bank notes and coins.

Sven-Erik Johansson/AP

Analysis & Opinions - Telos

Post COVID-19 Economy: State Capitalism with Expiration Date

| June 25, 2020

As economies begin to orient themselves towards recovery and growth in a post-COVID-19 era, they will first need to disentangle themselves from their prior bedfellows, the state, whose courtship was necessary for survival during the pandemic.  Such bedfellow relationships have become increasingly common as government intervention is urgently needed for economic stabilization. Governments have also embraced their new role with vigor. According to the IMF, as of April 2020, countries have committed around $8 trillion to combat the pandemic and to remedy its ill effects on economies and societies. Decisions about how this money will be spent will undoubtedly recalibrate the logic of capitalism for years to come. 

In this June 10, 2019, file photo of a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. 

AP Photo/Kin Cheung, File

Analysis & Opinions - Los Angeles Times

China Pioneers a National Digital Currency. Can the U.S. Catch Up?

| May 04, 2020

While much of the world is consumed by the COVID-19 crisis, the Chinese government is quietly unleashing a financial innovation that will reshape its economy and improve its strategic standing for decades to come. In April, China’s central bank introduced the “digital yuan” in a pilot program across four cities, becoming the world’s first major economy to issue a national digital currency.

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Analysis & Opinions - Global Policy

Factoring Pandemic Risks into Financial Modelling

| Apr. 01, 2020

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

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Analysis & Opinions - The Economist

COVID-19 Pandemic Accelerates the Rise of Digital Payments

| Mar. 20, 2020

Could using the cash in your pocket have the potential to spread covid-19? That question has rarely appeared in the news, but many governments and leaders in the digital payments industry are wondering how the virus might impact the use of cash. Several countries have already taken drastic measures to limit circulation of bank notes. Could such interventions lead to the end of cash payments?