Commentary
Evan A. Feigenbaum
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Source: Getty
In The Media
What a New Asian Order Means for the United States
While the United States remains one of the Asia-Pacific’s key security providers, it will have to tailor its economic diplomacy if it wants to compete in the new Pan-Asian architecture of the region.
Published on Mar 4, 2015
Source: CNBC
Speaking on CNBC, Carnegie’s Evan Feigenbaum discussed the premise of his article in Foreign Affairs, “The New Asian Order.” He argued that the first Asian financial crisis of 1997-8 laid the foundations for the pan-Asian architecture present in the Asia-Pacific region today. As Asian countries struggled to revitalize their economies, they did not think they could rely on the United States for help. Asian countries began to look to each other for economic assistance, which resulted in the multitude of currency swap and trade agreements in effect today. Feigenbaum said that the major question for the United States going forward is ‘What is the U.S. role going to be vis-à-vis these architectures?’
About the Author
Evan A. Feigenbaum
Vice President for Studies
Evan A. Feigenbaum is vice president for studies at the Carnegie Endowment for International Peace, where he oversees work at its offices in Washington, New Delhi, and Singapore on a dynamic region encompassing both East Asia and South Asia. He served twice as Deputy Assistant Secretary of State and advised two Secretaries of State and a former Treasury Secretary on Asia.
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Carnegie India does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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