Reinvigorating U.S. Economic Strategy in the Asia Pacific

Author
Charlene Barshefsky, Evan G. Greenberg, Jon M. Huntsman Jr.
Content Type
Special Report
Institution
Center for Strategic and International Studies
Abstract
The Asia Pacific is home to over half of humanity and many of the world’s largest and most dynamic economies. Over the coming decades, no region of the world will do more to shape U.S. economic fortunes. More than ever before, American jobs and growth are tied to the Asia Pacific, and these opportunities are likely to grow. But the region is undergoing profound change. Today, mutually beneficial relations with the Asia Pacific are challenged by slowing growth, a rise in security tensions, and threats to the U.S.-led order. The rise of China is altering the Asia-Pacific landscape in profound ways and playing a critical role in the region’s prosperity and perceived stability. These economic and security shifts offer opportuni- ties for the United States to strengthen cooperation with emerging economies and reinforce part- nerships with established allies. But new policies are needed in what has become a more volatile environment. These policies must be grounded in the enduring interests of the United States and informed by the realities of a changing Asia Pacific. And just as economics is at the heart of Asia’s rise, so must economics be at the heart of an effective strategy.
Topic
International Relations, Globalization, International Political Economy, International Trade and Finance
Political Geography
America, Asia-Pacific