Communicative Engagement: Kennedy
Exact Plan Text: The United States federal government should substantially increase its communicative engagement with the People’s Republic of China
Advantages/Harms (with explanation): After the November election, Anti-China rhetoric is at an all time high. Current attitudes toward China are marked by vilification of the other.Strategic engagement forces neoliberalism on China and leads to colonial violence and war.
Solvency Mechanisms:
Moving from a strategic model of diplomacy to a communicative model fosters understanding between nations and prevents war.
1AC Cite List:
Browne 11/9 ( Andrew Browne, Andrew joined the Wall Street Journal in 2004. He was a member of a team of Journal reporters in Beijing that won the Pulitzer Prize for International Reporting in 2007, and an Overseas Press Club award in 2011, “ In Trump Win, China Hopes for U.S. Retreat”, http://www.wsj.com/articles/in-trump-win-china-hopes-for-u-s-retreat-1478688565, Date Accessed: 11/16/16)
Dingding Chen 15, Dingding Chen is an assistant professor of Government and Public Administration at the University of Macau "The Worrying Rise of Anti-China Discourse in the US," The Diplomat, 5/16/2015, http://thediplomat.com/2015/05/the-worrying-rise-of-anti-china-discourse-in-the-us/
Zhao Kejin, 2-26-2014, Zhao Kejin is an expert on China’s foreign policy and diplomacy. At the Carnegie-Tsinghua Center for Global Policy, he runs a program that examines the development of China’s public diplomacy. "United States Should Not Exaggerate the “China Threat” When Making Its Asia Pacific Strategy," Carnegie Endowment for International Peace, http://carnegietsinghua.org/2014/02/26/united-states-should-not-exaggerate-china-threat-when-making-its-asia-pacific-strategy
Mikyoung Kim ’12 is associate professor at the Hiroshima City University–Hiroshima Peace Institute. She has taught at Portland State University, as a Fulbright visiting professor, and served with the U.S. State Department–U.S. Embassy in Seoul as a public diplomacy specialist. She has published many articles on memory, human rights, and gender in Northeast Asia “Securitization of Human Rights North Korean Refugees in East Asia” Chapter 3, pp. 108-112
Daniel F. Vukovich 2012, “China and Orientalism, Western knowledge production and the P.R.C.” pp. 10-13
Crawford 16 (Neta C Crawford is a professor of Political Science at Boston University who focuses on international relations theory and discourse ethics. She has won the American Political Science Association Jervis and Schroeder Award for her writings on international politics. She has been published in numerous scholarly journals and books, in addition to having served as the chair of the International Studies Association, The British Journal of Politics and International Relations, “What is war good for? Background ideas and assumptions about the legitimacy, utility, and costs of offensive war”, http://bpi.sagepub.com/content/18/2/282.full.pdf+html, pages 284-186, EmmieeM)
Marc Lynch 2, professor of political science and international relations at Williams College at publication time, currently professor of political science and international relations at George Washington University, “Why Engage? China and the Logic of Communicative Engagement,” European Journal of International Relations, Volume 8, Number 2, 2002, pp. 187-230
Currency Swap: Ogden
Exact Plan Text: The United States Executive Branch should open a bilateral currency swap line with the People’s Republic of China
Advantages/Harms (with explanation):
Yuan devaluation is rapidly increasing now despite the Chinese banks intention to keep the currency stable – market confidence in the Yuan is declining because of worries it will spiral out of control
First time in 5 years Yuan level was 6.7 to the dollar; workers were able to keep it at 6.6990 until they got off of work
Yuan has lost 3% of its value this year despite the gov’t wanting it to be stable
Lack of confidence in the Yuan has added to a slowing economy
Despite the grim outlook, the Yuan is not fully devaluating now – the PBoC is trying to stabilize the market driven decrease in the value of the Yuan
Yuan is deprecating n not devaluaing
If the government causes the value to decrease then it will de devaluation
In 2015 the PBoC held up the value of the Yuan, but saw a record fall of $507 billion depreciation not devaluation
Current central bank policies to stabilize international markets fail now because of a global liquidity trap – this means available assets are shrinking and attempts to lower the interest rates are producing negatives
Specifically, China is falling into a liquidity trap now – haven’t been able to spur corporate investment in their economy through fiscal policy
And, further large-scale Yuan devaluation is catastrophic for global markets and the economy – causes currency wars and influx on U.S markets that collapses trade
Chinese Yuan devaluation spills over and starts a mass global currency war – other nations quickly respond by devaluing their currency
Chinese economic collapse and market failure is the centerpiece to maintaining global economic stability
Economic decline causes global nuclear war
Economic decline triggers lashout and global war – economic institutions won't check and only the aff prevented 2008 from escalating
And, economic interdependence won’t stop countries from escalating – leaders are willing to take risks and empirics disprove their impact defense
Any IMF policy action is insufficient – countries won’t trust their bailouts because of the conditional aspect The Federal Reserve can’t resort to its post 2008 policies – quantitative easing would push rates into negative territory
Solvency Mechanisms:
A U.S-China currency swap increases dollar liquidity in China, which allows them to continue their transition to a market-based economy and stops devaluation The plan increases dollar liquidity to stabilize financial markets – solves Yuan devaluation and paves the way for constructive engagement on other issues The aff is a way to increase economic cooperation with China by increasing dollar liquidity and stabilizing their financial market
1AC Cite List:
Asia Times 7/18, (7-18-2016, Asia Unhedged, Asia Times, "China’s yuan dips below key 6.7 per dollar for first time since 2010", http://atimes.com/2016/07/chinas-yuan-dips-below-key-6-7-per-dollar-for-first-time-since-2010/)
Dolan 16 (Ed Dolan attended Earlham College and Indiana University, where he majored in Russian Studies as an undergraduate and later earned a Master’s degree from Indiana University’s Russian and East-European Institute. After earning a doctorate in economics from Yale University, he taught at Dartmouth College, the University of Chicago, George Mason University and Gettysburg College. "China’s Latest “Devaluation:” A Currency War in the Making?" 1/11/16, pg. online @ www.economonitor.com/dolanecon/2016/01/11/chinas-latest-devaluation-a-currency-war-in-the-making/)
Minerd 4/16/16, Scott Minerd is global chief investment officer at Guggenheim (4-6-2016, Scott Minerd, Financial Times, "The global liquidity trap turns more treacherous", http://www.ft.com/cms/s/0/bb620cac-fb28-11e5-b3f6-11d5706b613b.html)
Zhang 7/16/16 (Maggie Zhang is an Editorial Intern at Business Insider. She is an English Major from Princeton University. "People’s Bank of China official warns of ‘liquidity trap’ and calls for fiscal deficit of 3 to 5pc," 7/16/16, pg. online @ www.scmp.com/news/china/article/1990673/peoples-bank-china-official-warns-liquidity-trap-and-calls-fiscal-deficit)
Barrow 16 (Alex Barrow spent over a decade working as a U.S. Marine Scout Sniper and as an Intelligence Professional for the government where he specialized in covering the economic and political spheres of the Asian-Pacific region. Barrow left the public sector to work as a consultant for a leading Silicon Valley firm that creates advanced data software for intelligence and finance. He is a skilled Intelligence and Financial Analyst with over a decade of experience covering global economic, political, and financial spheres for the Department of Defense and private sector. "Why the Devaluation of the Yuan Is the Biggest Economic Risk Right Now," 2/3/16, pg. online @ https://www.thestreet.com/story/13444825/1/why-the-devaluation-of-the-yuan-is-the-biggest-economic-risk-right-now.html)
Morley 15, Economics analyst for The Trumpet, (October 2015, Robert Morley, “Currency War: Dragging the World Toward World War III”, https://www.thetrumpet.com/article/13073.24.178.0/world/war/currency-war-dragging-the-world-toward-world-war-iii?preview)
Whalen 7/17 (Christopher- senior managing director and head of research at Kroll Bond Rating Agency. He is the author of Inflated: How Money and Debt Built the American Dream (Wiley, 2010) and the coauthor, with Frederick Feldkamp, of Financial Stability: Fraud, Confidence, and the Wealth of Nations (Wiley, 2014). “Could China's Banks Take Down the Global Economy?”. July 17, 2016. http://nationalinterest.org/feature/could-chinas-banks-take-down-the-global-economy-17000//Rohan)
Stein Tønnesson 15, Research Professor, Peace Research Institute Oslo; Leader of East Asia Peace program, Uppsala University, 2015, “Deterrence, interdependence and Sino–US peace,” International Area Studies Review, Vol. 18, No. 3, p. 297-311
James 14 (Harold James, Professor of history at Princeton University's Woodrow Wilson School who specializes in European economic history, 7/2/14, "Debate: Is 2014, like 1914, a prelude to world war?," pg. online @ http://www.theglobeandmail.com/globe-debate/read-and-vote-is-2014-like-1914-a-prelude-to-world-war/article19325504/)
Mearsheimer 14 (John, Professor of International Politics at the University of Chicago, Can China Rise Peacefully?, National Interest, 10/25/2014 http://nationalinterest.org/commentary/can-china-rise-peacefully-10204)
Mehrling 15 (Perry G. Mehrling is professor of economics at Barnard College in New York City. He specializes in the study of financial theory within the history of economics. "Elasticity and Discipline in the Global Swap Network," 2/26/16, pgs. 314-315, online @ http://dx.doi.org/10.1080/08911916.2015.1129848)
Fleming 15 (Sam Fleming, US Economics Editor at the Financial Times. He graduated from Cambridge University. "No easy way for the Fed to reverse course," 12/18/15, pg. online @ https://next.ft.com/content/e008078c-a592-11e5-a91e-162b86790c58)
Monan 14 (Zhang Monan is a researcher at the China Center for International Economic Exchanges. "China Should Actively Establish a Currency Swap Pool," 7/23/14, pg. online @ www.chinausfocus.com/finance-economy/china-should-actively-establish-a-currency-swap-pool/)
Marsh 16 (David Marsh worked for more than 20 years as a reporter for wire services and newspapers in Europe, including Reuters and the Financial Times. He then turned to a career in investment banking. Currently he serves as managing director of the Official Monetary and Financial Institutions Forum., "How the Federal Reserve could prevent a currency war with China," 2/1/16, pg. online @ www.marketwatch.com/story/how-the-federal-reserve-could-prevent-a-currency-war-with-china-2016-02-01)
Jun 16 (He Jun, writer for the Global Times, "China should consider currency swap with US," 3/9/16, pg. online @ www.globaltimes.cn/content/972715.shtml)
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