战略与国际研究中心-Global-Economics-Monthly,-November-2019_2页_678kb

Global Economics Monthly Summary (November 2019)

Core Content

The Global Economics Monthly (GEM) is a monthly newsletter from the Simon Chair in Political Economy at CSIS, focusing on the activities, insights, and analyses of the chair's team. The report highlights key developments in U.S. foreign investment review, economic policy, and international trade relations, particularly in the context of U.S.-China strategic competition.

Main Topics and Key Information

1. CFIUS Activity and U.S.-China Investment Reviews

• The U.S. Treasury released an annual report on the Committee on Foreign Investment in the United States (CFIUS).
• From 2015 to 2017, the number of transactions reviewed by CFIUS increased by 66%.
• There was a significant rise in transactions involving Chinese acquirers during this period, reflecting heightened scrutiny of Chinese investments in the U.S.

2. Economics in National Security Decision-Making

• Robert O'Brien, the new National Security Adviser under President Trump, proposed separating international economics from national security decision-making.
• This decision is considered ill-advised and unsustainable, as economic and security interests are deeply intertwined in today's global landscape.

3. U.S.-Japan Trade Agreements

• Matthew P. Goodman of CSIS testified before the House Ways and Means Subcommittee on Trade regarding U.S.-Japan trade agreements.
• His testimony provides insights into the strategic and economic implications of these agreements for both nations.

4. U.S. Foreign Exchange Policy Under the Trump Administration

• Mark Sobel, a Senior Adviser at CSIS, notes that the Trump administration has adopted a unilateralist and bilateralist approach to foreign exchange policy, diverging from the multilateralist strategies of previous administrations.
• This shift reflects a broader focus on national interests and economic sovereignty.

5. Foreign Research Collaboration in Strategic Competition

• Stephanie Segal discusses the implications of foreign research collaboration in the context of increased strategic competition between the U.S. and China.
• She emphasizes the need to balance openness with security in academic and scientific partnerships.

6. Indo-Pacific Summits and U.S. Interests

• U.S. leaders will attend the East Asia Summit in Bangkok, Thailand, and the APEC Leaders' Meeting in Santiago, Chile.
• CSIS experts analyze the strategic importance of these events and the interests at stake for the U.S.

7. Huawei's "Safe Cities" Initiative

• Huawei's surveillance technology has raised concerns about the export of authoritarian practices.
• A new dataset provides a global overview of Huawei's "Safe Cities" projects and questions their benefits and risks.
• The report urges public monitoring to ensure that the safety and security promised by these systems are actually delivered.

8. Quotes from CSIS Experts

• Matthew Goodman (New York Times): Highlights the importance of balancing openness with security in international trade.
• Stephanie Segal (National Public Radio): Questions how the U.S. can maintain openness while addressing threats.
• Jonathan Hillman (Bloomberg): Critiques Huawei's claims about safety and security, stating they are difficult to verify and grossly exaggerated in some cases.

Events and Announcements

Upcoming Events

• December 3: Announcement of the Bracken Bower Prize.
• Jonathan Hillman was selected as a finalist for the 2019 Bracken Bower Prize by the Financial Times and McKinsey.

Past Events

• October 7: Schieffer Series event titled "Confronting the Challenges of Trade in a New Century", featuring Ambassador Charlene Barshefsky, Senator William E. Brock, and Frederick W. Smith.

Team Members

• Matthew P. Goodman: Senior Vice President & CSIS Simon Chair
• Grace Hearty: Deputy Director
• Jonathan Hillman: Senior Fellow & Reconnecting Asia Director
• Stephanie Segal: Senior Fellow
• Maesea McCalpin: Program Manager & Research Associate
• Dylan Gerstel: Research Assistant
• Pearl Risberg: Program Coordinator & Research Assistant
• Megan Zsorey: Program Coordinator & Research Assistant

Conclusion

The Simon Chair in Political Economy continues to play a vital role in analyzing global economic trends, U.S. foreign policy, and international trade dynamics. The report underscores the increased scrutiny of foreign investments, the need for a balanced approach to economic openness and security, and the strategic implications of major international events. It also highlights the importance of monitoring technological collaborations and the impact of economic policy shifts on global relations.