This book examines the role of the international financial system in the development of Pacific Asia and, conversely, the region's growing influence on North America and the world economy. It looks at the distant future, being devoted primarily to understanding the emergence of modern Pacific Asia.

000545853 - 99/615 A Robert Stewart book.

In New Asian Disorder: Rivalries Embroiling the Pacific Century, Lowell Dittmer and his team explore the recent political disorder in East Asia resulting from growing Sino-American polarization. The rise of China in recent years is widely regarded as a momentous shift in the global balance of power. China is now extending sovereignty into the East China Sea and the South China Sea, constructing a new set of global financial institutions and replacing “universal values” with technologically enhanced nationalism. The country’s “Belt and Road Initiative” is also tainted by the vast ambition to realize the “China Dream” within the foreseeable future. In response to China’s challenge, the United States has abandoned its “constructive engagement” policy towards the rising power and engaged in a trade war. Sino-American relations have been at a historical trough since the normalization of their relationship in the late 1970s. This book sheds new light on the current political disorder in the East Asian international arena. The new Asian disorder is analyzed from three perspectives: the first focuses on identity, the second on political economy, and the third on the triangular dynamic. This collection of essays concludes that, unless and until consensus can be reached on a coherent new framework for cooperation and rule enforcement among different stakeholders in East Asia, the current disorder may be expected to persist. “Focusing on the impact of Xi Jinping and Donald Trump, this book sees rivalries undermining the post–Cold War order but not leading to a full breakdown. Stress is on identities, strategies, and triangles related to the Sino-US rivalry. Dittmer argues that these factors will drive further changes. Readers will find a diversity of approaches on a most critical bilateral relationship.” —Gilbert Rozman, Princeton University; editor of The Asan Forum “A great read to better comprehend the ‘New Asian Disorder’ that the growing China-US rivalry has been contributing to, as well as its implications for the other actors of the region, be they big as Japan or smaller as Australia, Southeast Asian nations or Taiwan.” —Jean-Pierre Cabestan, Hong Kong Baptist University; senior research fellow of the French Research Institute on East Asia, Inalco, Paris

China, red or green -- Countering Japan -- Five ragged islands -- The golden years -- Japan says no -- Asian values -- Apologies and their discontents -- Yasukuni respects -- History's cauldron -- The Ampo mafia -- The rise and retreat of great powers -- China lays down the law -- Nationalization -- Creation myths -- Freezing point -- Afterword

There is great interest in the Pacific Century and what its implications for the future will be. The rapid economic growth of East Asia was already setting the region apart from the rest of the world by the 1970s. By the 1980s the trend was seen to have spread southward to Thailand, Malaysia and Indonesia, while China's provinces had also become integral to the regional economic boom. In this exciting new study many of the ideas and expectations associated with the Pacific Century are placed under critical scrutiny. The book includes studies of particular countries such as China, Japan, South Korea, Vietnam, Indonesia and Malaysia. There is analysis of economic and political trends in the region, the reasons behind its rise and its importance on a global scale. The rise of East Asia represents an historic turning point with immense significance world-wide. This book will be of interest to anyone concerned about the new approaches to and the debate about the rise of east Asia and the coming of the Pacific Century.

During the Cold War, the U.S. built a series of alliances with Asian nations to erect a bulwark against the spread of communism and provide security to the region. Despite pressure to end bilateral alliances in the post-Cold War world, they persist to this day, even as new multilateral institutions have sprung up around them. The resulting architecture may aggravate rivalries as the U.S., China, and others compete for influence. However, Andrew Yeo demonstrates how Asia's complex array of bilateral and multilateral agreements may ultimately bring greater stability and order to a region fraught with underlying tensions. Asia's Regional Architecture transcends traditional international relations models. It investigates change and continuity in Asia through the lens of historical institutionalism. Refuting claims regarding the demise of the liberal international order, Yeo reveals how overlapping institutions can promote regional governance and reduce uncertainty in a global context. In addition to considering established institutions such as the Association of Southeast Asian Nations and the Asia-Pacific Economic Cooperation, he discusses newer regional arrangements including the East Asia Summit, Trans-Pacific Partnership, and the Belt and Road Initiative. This book has important implications for how policymakers think about institutional design and regionalism in Asia and beyond.

As the Indo-Pacific emerges as the world’s most strategically consequential region and competition with China intensifies, the United States must adapt its approach if it seeks to preserve its power and sustain regional stability and prosperity. Yet as China grows more powerful and aggressive and the United States appears increasingly unreliable, the Indo-Pacific has become riven with uncertainty. These dynamics threaten to undermine the region’s unprecedented peace and prosperity. U.S. Strategy in the Asian Century offers vital perspective on the future of power dynamics in the Indo-Pacific, focusing on the critical roles that American allies and partners can play. Abraham M. Denmark argues that these alliances and partnerships represent indispensable strategic assets for the United States. They will be necessary in any effort by Washington to compete with China, promote prosperity, and preserve a liberal order in the Indo-Pacific. Blending academic rigor and practical policy experience, Denmark analyzes the future of major-power competition in the region, with an eye toward American security interests. He details a pragmatic approach for the United States to harness the power of its allies and partners to ensure long-term regional stability and successfully navigate the complexities of the new era.