Earlier this week, South Korea made the surprising announcement that it intended to sign a landmark military pact with Japan today. But faced with domestic criticism over the potential partnership, South Korea postponed signing the General Security of Military Information Agreement. As historical tensions between the two countries continue to hamper their attempts to develop a closer relationship, the fate of the treaty remains unclear. “There is just an overriding common interest on the part of South Korea and Japan to share some critical information, especially about North Korea,” Patrick Cronin, senior director of the Asia-Pacific Security Program at the […]
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India is currently finalizing a $500 million contract with South Korean arms manufacturer Kangnam for eight minesweeper vessels. In an email interview, Rajaram Panda, an expert on East Asia and former senior fellow at the Institute of Defense Studies and Analyses in New Delhi, discussed ties between India and South Korea. WPR: What is the current state of trade and defense ties between India and South Korea, and how have they evolved over the past several years? Rajaram Panda: India-South Korea relations have been developing based on three important pillars. First, the Comprehensive Economic Partnership Agreement, signed in 2009 and […]
Editor’s note: This is the second of a two-part series that uses current trends in the Chinese political economy to forecast the outcomes and implications for China under the fifth generation of Communist Party leadership. Part I examined a best-case scenario. Part II examines a worst-case scenario. SHANGHAI — China’s fifth-generation leadership cadre will assume office later this year at a critical and perilous juncture in the country’s socio-economic development. They do so against a backdrop of weak global economic growth and growing geopolitical uncertainty in North Korea, Iran and multiple Central Asian states. Moreover, the U.S. is on a […]
Editor’s note: This is the first of a two-part series that uses current trends in the Chinese political economy to forecast the outcomes and implications for China under the fifth generation of Communist Party leadership. Part I examines a best-case scenario. Part II will examine a worst-case scenario. SHANGHAI — As China approaches its once-a-decade senior leadership transition, structural weaknesses in the country’s economic model are becoming more apparent, even as the momentum surrounding progressive reforms appears to be incrementally increasing. A best-case scenario for China under the fifth-generation Communist Party leadership assumes a continuation of both trends, with the […]