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Elizabeth Economy

Elizabeth Economy

Elizabeth Economy is the C.V. Starr Senior Fellow and Director for Asia studies at the Council on Foreign Relations (CFR). The author of The River Runs Black: The Environmental Challenge to China’s Future (Cornell University Press, 2004), Economy also co-edited China Joins the World: Progress and Prospects (with Michel Oksenberg, Council on Foreign Relations Press, 1999) and The Internationalization of Environmental Protection (with Miranda Schreurs, Cambridge University Press, 1997). She has published articles in foreign policy and scholarly journals, including Foreign Affairs, Harvard Business Review, and Foreign Policy, and op-eds in the New York Times, the Washington Post, and International Herald Tribune. Economy is vice chair of the World Economic Forum’s Global Agenda Council on the Future of China and serves on the board of the China-U.S. Center for Sustainable Development. She is a frequent guest on nationally broadcast television and radio programs, has testified before Congress on numerous occasions, and regularly consults for U.S. government agencies and companies. Economy is currently writing two books: one on China's rise and its geopolitical and strategic implications, and another, with Michael Levi, on China’s global quest for resources (forthcoming, Oxford University Press, 2013). Economy received her B.A. from Swarthmore College, her A.M. from Stanford University, and her Ph.D. from the University of Michigan. In 2008, she received an honorary doctor of laws degree from Vermont Law School.

 

Contributions by Elizabeth Economy

Ten Fun and Fascinating Facts About Xi Jinping

Elizabeth Economy
While I can’t do justice to all the material presented in Xi Jinping: The Goverance of China, here are some things I learned from reading through Xi’s musings and the musings of others about him.

A Chance to Introduce Social and Environmental Protections

David Dollar, Hugh White, Oliver Rui, Elizabeth Economy
Instead of opposing its creation, the U.S. should consider joining the bank as a means of guaranteeing that it matches world-class financing strength with world-class environmental practices.

Conversation

03.19.14

What Should Michelle Obama Accomplish on Her Trip to China?

Orville Schell, Vincent Ni, Leta Hong Fincher, Elizabeth Economy, Robert Kapp, Jindong Cai , Sheila Melvin
Orville Schell:  Looking at the challenges of rectifying U.S.-China relations and building some semblance of the "new kind of a big power relationship" alluded to by presidents Obama and Xi at Sunnylands last year, will most...

Conversation

02.27.14

How Responsible Are Americans for China’s Pollution Problem?

David Vance Wagner, Alex Wang, Elizabeth Economy, Isabel Hilton, Michael Zhao, Veerabhadran Ramanathan
David Vance Wagner: China’s latest “airpocalypse” has again sent air pollution in Beijing soaring to hazardous levels for days straight. Though the Chinese government has made admirable progress recently at confronting the long-term air pollution...

Books

02.05.14

By All Means Necessary

Elizabeth C. Economy and Michael Levi
In the past thirty years, China has transformed from an impoverished country where peasants comprised the largest portion of the populace to an economic power with an expanding middle class and more megacities than anywhere else on earth. This remarkable transformation has required, and will continue to demand, massive quantities of resources. Like every other major power in modern history, China is looking outward to find them.In By All Means Necessary, Elizabeth C. Economy and Michael Levi explore the unrivaled expansion of the Chinese economy and the global effects of its meteoric growth. China is now engaged in a far-flung quest, hunting around the world for fuel, ores, water, and land for farming, and deploying whatever it needs in the economic, political, and military spheres to secure the resources it requires. Chinese traders and investors buy commodities, with consequences for economies, people, and the environment around the world. Meanwhile the Chinese military aspires to secure sea lanes, and Chinese diplomats struggle to protect the country’s interests abroad. And just as surely as China’s pursuit of natural resources is changing the world—restructuring markets, pushing up commodity prices, transforming resource-rich economies through investment and trade—it is also changing China itself. As Chinese corporations increasingly venture abroad, they must navigate various political regimes, participate in international markets, and adopt foreign standards and practices, which can lead to wide-reaching social and political ramifications at home.Clear, authoritative, and provocative, By All Means Necessary is a sweeping account of where China’s pursuit of raw materials may take the country in the coming years and what the consequences will be—not just for China, but for the whole world. —Oxford University Press{chop}

Excerpts

01.02.14

Global Development and Investment

Elizabeth Economy, Zha Daojiong
Framing questions: In what ways do the U.S. and Chinese approaches to development and foreign investment differ? Are they evolving, and how? What are the benefits and drawbacks of each approach both to the investing country and the recipient? In...

Conversation

05.29.13

What Should Obama and Xi Accomplish at Their California Summit?

Susan Shirk, Orville Schell, David Wertime, Robert Kapp, Elizabeth Economy, Andrew J. Nathan, Winston Lord
Susan Shirk:It’s an excellent idea for President Obama and President Xi to spend two days of quality time together at a private retreat in Southern California. Past meetings between Chinese and American presidents have been too short, formal and...

Conversation

02.27.13

How Long Can China Keep Pollution Data a State Secret?

Elizabeth Economy, Orville Schell, Donald Clarke, Susan Shirk, Isabel Hilton
Elizabeth Economy:The environment is center stage once again in China. A Chinese lawyer has requested the findings of a national survey on soil pollution from the Ministry of Environmental Protection and been denied on the grounds that the...

Conversation

02.15.13

U.S.-China Tensions: What Must Kerry Do?

Dorinda Elliott, Elizabeth Economy, Andrew J. Nathan, Orville Schell
Dorinda Elliott:On a recent trip to China, I heard a lot of scary talk of potential war over the disputed Diaoyu Islands—this from both senior intellectual types and also just regular people, from an elderly calligraphy expert to a middle-aged...

Conversation

02.13.13

North Korea: How Much More Will China Take and How Should the U.S. Respond?

Winston Lord, Tai Ming Cheung, Elizabeth Economy, John Delury
China is increasingly frustrated with North Korea and may even see more clearly that its actions only serve to increase allied unity, stimulate Japanese militarism and accelerate missile defense. For all these reasons the U.S. should lean on Beijing...

Conversation

02.06.13

Airpocalypse Now: China’s Tipping Point?

Alex Wang, Orville Schell, Elizabeth Economy, Michael Zhao, James Fallows, Dorinda Elliott
The recent run of air pollution in China, we now know, has been worse than the air quality in airport smoking lounges. At its worst, Beijing air quality has approached levels only seen in the United States during wildfires.All of the comparisons to...

Conversation

02.01.13

China’s Cyberattacks — At What Cost?

James Fallows, Donald Clarke, Orville Schell, Elizabeth Economy, Dorinda Elliott, Xiao Qiang, Bill Bishop
James Fallows: Here are some initial reactions on the latest hacking news.We call this the “latest” news because I don’t think anyone, in China or outside, is actually surprised. In my own experience in China, which is limited compared with many of...

News Flash: Washington Source of All Beijing’s Problems

Elizabeth C. Economy
U.S. Secretary of State Hillary Clinton’s swing through Asia has been marked by a revelation in Beijing: the source of all China’s problems with its neighbors is the United States. A Xinhua editorial paints the United States as a “sneaky trouble...

China's Olympic Debate

Elizabeth Economy
The Chinese currently stand second in the Olympic medals table—in both gold and overall—but you would never know it from what’s going on in their media. Of course, there is celebration of the country’s athletes. Yet the flawless performances of the...

“Winner Take All”—A China Story?

Elizabeth C. Economy
It was with a mix of trepidation and anticipation that I read Dambisa Moyo’s newly-released book, “Winner Take All: China’s Race for Resources and What it Means for the World”: trepidation because my colleague Michael Levi and I are currently...

Reports

10.01.01

Beginning the Journey: China, the United States, and the WTO

Chair: Robert D. Hormats Director: Elizabeth C. Economy
Elizabeth Economy
Council on Foreign Relations
The main finding of this report is that both the United States and China will run risks as Beijing moves ahead with membership in the World Trade Organization (WTO), but the potential payoffs for both countries are well worth it. It also points out...

Conversation

03.19.14

What Should Michelle Obama Accomplish on Her Trip to China?

Orville Schell, Vincent Ni, Leta Hong Fincher, Elizabeth Economy, Robert Kapp, Jindong Cai , Sheila Melvin
Orville Schell:  Looking at the challenges of rectifying U.S.-China relations and building some semblance of the "new kind of a big power relationship" alluded to by presidents Obama and Xi at Sunnylands last year, will most...

Conversation

02.27.14

How Responsible Are Americans for China’s Pollution Problem?

David Vance Wagner, Alex Wang, Elizabeth Economy, Isabel Hilton, Michael Zhao, Veerabhadran Ramanathan
David Vance Wagner: China’s latest “airpocalypse” has again sent air pollution in Beijing soaring to hazardous levels for days straight. Though the Chinese government has made admirable progress recently at confronting the long-term air pollution...

Books

02.05.14

By All Means Necessary

Elizabeth C. Economy and Michael Levi
In the past thirty years, China has transformed from an impoverished country where peasants comprised the largest portion of the populace to an economic power with an expanding middle class and more megacities than anywhere else on earth. This remarkable transformation has required, and will continue to demand, massive quantities of resources. Like every other major power in modern history, China is looking outward to find them.In By All Means Necessary, Elizabeth C. Economy and Michael Levi explore the unrivaled expansion of the Chinese economy and the global effects of its meteoric growth. China is now engaged in a far-flung quest, hunting around the world for fuel, ores, water, and land for farming, and deploying whatever it needs in the economic, political, and military spheres to secure the resources it requires. Chinese traders and investors buy commodities, with consequences for economies, people, and the environment around the world. Meanwhile the Chinese military aspires to secure sea lanes, and Chinese diplomats struggle to protect the country’s interests abroad. And just as surely as China’s pursuit of natural resources is changing the world—restructuring markets, pushing up commodity prices, transforming resource-rich economies through investment and trade—it is also changing China itself. As Chinese corporations increasingly venture abroad, they must navigate various political regimes, participate in international markets, and adopt foreign standards and practices, which can lead to wide-reaching social and political ramifications at home.Clear, authoritative, and provocative, By All Means Necessary is a sweeping account of where China’s pursuit of raw materials may take the country in the coming years and what the consequences will be—not just for China, but for the whole world. —Oxford University Press{chop}

Excerpts

01.02.14

Global Development and Investment

Elizabeth Economy, Zha Daojiong
Framing questions: In what ways do the U.S. and Chinese approaches to development and foreign investment differ? Are they evolving, and how? What are the benefits and drawbacks of each approach both to the investing country and the recipient? In...

Conversation

05.29.13

What Should Obama and Xi Accomplish at Their California Summit?

Susan Shirk, Orville Schell, David Wertime, Robert Kapp, Elizabeth Economy, Andrew J. Nathan, Winston Lord
Susan Shirk:It’s an excellent idea for President Obama and President Xi to spend two days of quality time together at a private retreat in Southern California. Past meetings between Chinese and American presidents have been too short, formal and...

Conversation

02.27.13

How Long Can China Keep Pollution Data a State Secret?

Elizabeth Economy, Orville Schell, Donald Clarke, Susan Shirk, Isabel Hilton
Elizabeth Economy:The environment is center stage once again in China. A Chinese lawyer has requested the findings of a national survey on soil pollution from the Ministry of Environmental Protection and been denied on the grounds that the...

Conversation

02.15.13

U.S.-China Tensions: What Must Kerry Do?

Dorinda Elliott, Elizabeth Economy, Andrew J. Nathan, Orville Schell
Dorinda Elliott:On a recent trip to China, I heard a lot of scary talk of potential war over the disputed Diaoyu Islands—this from both senior intellectual types and also just regular people, from an elderly calligraphy expert to a middle-aged...

Conversation

02.13.13

North Korea: How Much More Will China Take and How Should the U.S. Respond?

Winston Lord, Tai Ming Cheung, Elizabeth Economy, John Delury
China is increasingly frustrated with North Korea and may even see more clearly that its actions only serve to increase allied unity, stimulate Japanese militarism and accelerate missile defense. For all these reasons the U.S. should lean on Beijing...

Conversation

02.06.13

Airpocalypse Now: China’s Tipping Point?

Alex Wang, Orville Schell, Elizabeth Economy, Michael Zhao, James Fallows, Dorinda Elliott
The recent run of air pollution in China, we now know, has been worse than the air quality in airport smoking lounges. At its worst, Beijing air quality has approached levels only seen in the United States during wildfires.All of the comparisons to...

Conversation

02.01.13

China’s Cyberattacks — At What Cost?

James Fallows, Donald Clarke, Orville Schell, Elizabeth Economy, Dorinda Elliott, Xiao Qiang, Bill Bishop
James Fallows: Here are some initial reactions on the latest hacking news.We call this the “latest” news because I don’t think anyone, in China or outside, is actually surprised. In my own experience in China, which is limited compared with many of...

Reports

10.01.01

Beginning the Journey: China, the United States, and the WTO

Chair: Robert D. Hormats Director: Elizabeth C. Economy
Elizabeth Economy
Council on Foreign Relations
The main finding of this report is that both the United States and China will run risks as Beijing moves ahead with membership in the World Trade Organization (WTO), but the potential payoffs for both countries are well worth it. It also points out...

Ten Fun and Fascinating Facts About Xi Jinping

Elizabeth Economy
While I can’t do justice to all the material presented in Xi Jinping: The Goverance of China, here are some things I learned from reading through Xi’s musings and the musings of others about him.

A Chance to Introduce Social and Environmental Protections

David Dollar, Hugh White, Oliver Rui, Elizabeth Economy
Instead of opposing its creation, the U.S. should consider joining the bank as a means of guaranteeing that it matches world-class financing strength with world-class environmental practices.

News Flash: Washington Source of All Beijing’s Problems

Elizabeth C. Economy
U.S. Secretary of State Hillary Clinton’s swing through Asia has been marked by a revelation in Beijing: the source of all China’s problems with its neighbors is the United States. A Xinhua editorial paints the United States as a “sneaky trouble...

China's Olympic Debate

Elizabeth Economy
The Chinese currently stand second in the Olympic medals table—in both gold and overall—but you would never know it from what’s going on in their media. Of course, there is celebration of the country’s athletes. Yet the flawless performances of the...

“Winner Take All”—A China Story?

Elizabeth C. Economy
It was with a mix of trepidation and anticipation that I read Dambisa Moyo’s newly-released book, “Winner Take All: China’s Race for Resources and What it Means for the World”: trepidation because my colleague Michael Levi and I are currently...