In Dr. Wolf's view, one should assess US-China relations as a balance sheet with both positive and negative entries -- respectively representing convergent and divergent interests, assets, and liabilities -- on the two sides of the ledger.
Entries include security, political, and economic dimensions.
Depending on weights attached to the entries, one can arrive at a net positive or negative bottom-line.
The weights suggested are debatable, and there are significant entries on both sides of the account, but on balance they appear positive- Hudson Institute
Charles Horner is Senior Fellow at Hudson Institute in Washington, DC. He is a China scholar who pays special attention to how China's evolving views of its modern historical experience and its intellectual and cultural traditions influence contemporary developments. The first volume of his projected two-volume study, Rising China and Its Postmodern Fate, was nominated for the Joseph Levenson Prize of the Association of Asian Studies and the second volume is in progress.
Charles Wolf Jr.
Charles Wolf Jr. is a senior research fellow at the Hoover Institution. He is also a senior economic adviser and corporate fellow in international economics at the RAND Corporation.
Wolf is an expert in international economic policy, relationships between economic issues and foreign and defense policy (particularly in Asia and Europe) and international risk assessment.
His recent research has focused on long-term economic and military trends in Asia and Europe, as well as on the economies of China, Japan, and Korea. His current research includes estimating the costs of Korean reunification and how to limit them and a separate study of the Russian economy and its prospects.
He has written more than 250 articles and more than a dozen books on economics, defense, and international affairs. Among the latter are Linking Economic Policy and Foreign Policy (Transaction, 1991), Markets or Governments: Choosing between Imperfect Alternatives, 2d ed. (MIT Press, 1993), The Economic Pivot in a Political Context (Transaction, 1997), Economic Openness: Many Facets, Many Metrics (Rand, 1999), Straddling Economics and Politics: Cross-Cutting Issues in Asia, the United States and the Global Economy (Rand, 2002), Fault Lines in China's Economic Terrain (co-authored) (RAND 2003), and North Korean Paradoxes (2005).
Wolf is published frequently in national newspapers including the Wall Street Journal, Los Angeles Times, and the Asian Wall Street Journal, and he is a director of several large mutual funds.
He is a member of the advisory board of the Center for International Business and Economic Research at UCLA's Anderson Graduate School of Business. He is also a member of the editorial boards of the Korean Journal of Defense Analysis, Society, and the Independent Review and a member of the American Economic Association, the Econometric Society, the Council on Foreign Relations, and the International Institute for Strategic Studies in London.
Wolf has served with the Department of State, the Economic Cooperation Administration, and the Foreign Operations Administration. He was dean of the RAND Graduate School from 1970 to 1997 and chairman of Rand's Economics Department from 1967 to 1982.
He has taught at Cornell, the University of California at Berkeley, and UCLA. In 1976 he was a visiting fellow at Nuffield College, Oxford.
Wolf received BS and PhD degrees in economics from Harvard University, where he was a member of Phi Beta Kappa.
Charles Wolf briefly explains some of the contentious, "rivalrous" issues that exist between the US and China, including human rights issues, Taiwan, and China's refusal to join the Proliferation Security Initiative (PSI).
Charles Wolf explains the importance of correcting the imbalance in the Chinese and American economies and describes policies that would help to solve each economy's problems without further slowing the US economy or quickening Chinese inflation.