Energy crisis in Asia
Description:
Economic growth in China have contributed to world economy, but some problems emerged as the result of the rapid growth in China. One of the most serious problems is energy problem. Recently, consumption of electricity and gas for automobiles is rapidly increasing in China because of rapid industrialization and increase of automobiles. Actually, supply of electricity was limited in 26 provinces in China in 2004. It is said that China will face serious shortage of electricity in Shanghai area in summer in 2005. The crisis will trigger many issues not only in Asia but also in the world.
- Slowing down chinese economy resulting in slowing down world economy - Higher price of energy (oil, natural gas, uranium, etc) - Higher tension on territorial dispute among Asian countries to secure potential oil region (South China Sea, northern territories between Japan and Russia), etc - Bad effect on supply of goods from China to the world
Enablers:
- Development of new energy source around China
- Amicable solution on potential oil region in South China Sea and then development of the area
- Successful govermental regulation for rapid growth of energy consumption in China
- Pupularization of hybrid or fuel-cell car in China, U.S, and other countries
- Amicable solution in Middle East
Inhibitors:
- Clash of Asian countries on territorial dispute on potential energy sources
- Failure of regulation on energy consumption and then sudden energy crisis in China
- Failure of Middle East peace efforts
- Failure of development of alternative energy
Paradigms:
Timing:
1995: WTO agreement lets countries ban trade where it has national laws designed to “protect public morals”, which would seem to cover gambling, at least from an American perspective.
2003: An American government body, the Defense Advanced Research Projects Agency, tried to create an exchange to trade contracts on the likelihood of a terrorist attack.
2003: Market trading in contracts which paid off in Saddam Hussein was removed as leader of Iraq.
Nov. 10, 2004: WTO decision that old American laws prohibiting gambling over wires that cross state lines violate global trade rules for the services sector.
Web Resources:
House of Cards: The WTO and Online Gambling from the Economist http://www.economist.com/research/articlesBySubject/displayStory.cfm?story_id=3411641&subjectID=682268&emailauth=%2527%252FUOH%255F%253CC0SP%255C%2520%250A
Guessing Games from the Economist http://www.economist.com/research/articlesBySubject/displayStory.cfm?story_id=3400241&subjectID=348918&emailauth=%2527%2528%2540%252E7%2525%255C%255C%253B3%2540%255C%2520%250A
Using Markets to Inform Policy: The Case of the Iraq War from Stanford University http://faculty-gsb.stanford.edu/zitzewitz/Research/usingmarkets.pdf
How Information Markets Could Change the Policy World from the Brookings Institute http://www.aei-brookings.org/admin/authorpdfs/page.php?id=1019