Suchergebnisse

China-U.S. cooperation over the most difficult security problem in Northeast Asia -the North Korean nuclear issue -in essence projects its bigger power game amid the tectonic shifts of Asian geopolitics. The nuclear issue affords a test case to gauge the future posture of China and the United States in East Asia and their partnership in that conflict-prone region. Approaches to resolving this issue must take into account the geopolitical realignment of Asia, Washington's reorientation of relations with its Asian allies, and China's rise as an influential regional player and the subsequent regional response. However, the long-standing mistrust between China and the United States is contributing to a lack of substantial progress in Korean nonproliferation efforts. The declared nuclear test by Pyongyang further put the denuclearization cooperation between China and the Unites States on the line. China-U.S. cooperation in denuclearizing Pyongyang may either produce lasting stability for the region or create "collateral damage," with the North Korean issue paling in comparison. Adapted from the source document.

AbstractAs an important breakthrough in coordinating economic, social, and ecological benefits, green innovation has received wide attention from governments, firms, and the public. However, existing studies mainly explored the economic factors influencing firms' green innovation while neglecting social factors. This study took common institutional ownership as the research perspective to explore whether firms' green innovation decisions are affected by their peers. Using a sample of Chinese A‐share listed firms from 2003 to 2019, this paper found that firms imitate their peers' green innovation in common institutional ownership networks and exhibit green innovation peer effects. Mechanism testing revealed that "voting with hands" through common institutional ownership helps firms obtain green innovation information (information‐based imitation), while "voting with feet" through common institutional ownership helps firms maintain a competitive awareness of green innovation (rivalry‐based imitation), thereby contributing to green innovation peer effects in common institutional ownership networks. Heterogeneity analysis showed that firms with greater financing constraints and lower levels of risk‐taking are more likely to imitate their peers' green innovation. Moreover, firms only regard peers with similar industry status and identical property rights as imitation targets in common institutional ownership networks, thereby following "the imitation law of closer preference." An analysis of economic consequences revealed that green innovation peer effects in common institutional ownership networks are not strategic behaviors of "quantity over quality," with imitation contributing to improving firm value. This paper enriches existing research on the influencing factors of green innovation and provides a new reference for promoting sustainable development.

Mediating regional conflict in Asia is a delicate art. It requires an acute understanding of the unique mediation culture in the region. China's mediation in the nuclear crisis on the Korean Peninsula reveals key elements of this art and offers useful lessons. China's experience illustrates that an influential but neutral and harmony-oriented mediator is critical in the Asian context. It is equally essential for the mediator to (1) abide by the principle of noninterference in other countries' internal affairs while maintaining active intervention as dispute escalates, (2) stand ready to nudge those being mediated toward action when necessary to advance peaceful negotiations, (3) establish an optimal environment to foster communication and reduce hostility between the major parties in dispute, (4) serve as an honest broker but remain firm in its own position and cautiously take initiatives to guide the talks, (5) advocate a step-by-step approach to the negotiation process, and (6) aim for the outcome of negotiations to be a give-and-take agreement. Although Asia is a conflict-prone region, Asians traditionally confuse mediation with meddling. As a result, non-Asians often try to serve as mediators for Asia. For more effective mediations, it is essential that Asians rediscover their useful mediation skills and that non-Asians better understand the Asian art of mediation when they act as mediator. (Asian Aff/GIGA)