Carnegie Endowment for International Peace
Most U.S. policymakers tend to see their Japanese counterparts as alliance advocates, but other viewpoints may also shed light on what lies ahead for the U.S.-Japan alliance.
Ordinary Americans’ views of China have fallen in line with the skeptical views of U.S. policymakers on both sides of the aisle, with significant implications for the future of the bilateral relationship.
Overall, the EU-China Investment Agreement has been oversold and underpowered. Absent a coordinated front among China’s leading trade and investment partners, the agreement is stacked up against immense odds.
To succeed in Asia, President-elect Joe Biden will need an administration that whines less, competes more, and leverages American strengths in the Asia that actually exists, not the one of its wishes, dreams, and fantasies.
Expert details what the increasing economic integration of the region has meant that the U.S. faces the threat of marginalization and relegation to a unidimensional role as a security provider.
South Korea’s soft power reached new heights in 2020, driven by everything from its model pandemic response to cultural staples like chart-topping BTS albums. But Seoul must use this rising political capital wisely to build lasting influence beyond its borders.
China has achieved economic recovery in 2020 by prioritizing companies and production over market demand, boosting exports during a global trade recession, and abstaining from the various forms of quantitative easing that other industrialized countries have put in place.
The idea that trade imbalances are more likely to be the result of credit imbalances than of savings imbalances ignores the role of savings imbalances in creating credit imbalances. When a surplus country demands to be paid for its trade surplus with claims on American assets, the U.S. economy must adjust to create these assets—and one of the most common ways it does so is by expanding credit.
The long-held European hope that China would become more like the West with the policy of “change through trade (Wandel durch Handel)” has been dispelled by China’s own moves.
Before China had its “Belt and Road,” the United States actively shaped the future of Eurasia, proposing connectivity initiatives in Central Asia and dramatically reshaping its relationship with India.