The idea of an Economic Asia and a Security Asia in a seemingly irreconcilable relationship makes for a fashionable sound bite, but it misreads the nature and implications of the emerging economic and political order in Asia. Even if a “two Asias” scenario materializes, greater regional instability will not necessarily ensue. In fact, there would be advantages to Asia’s security and economic relations being dominated by two different great powers.

Why Two Asias May be Better Than None

By , , Feature

As is well-known, the U.S. under the Obama administration’s now-familiar policy of engaging Asia has three essential components. The first is a diplomatic strategy involving deeper engagement with the Association of Southeast Asian Nations (ASEAN) and related Asian regional institutions, especially those participating in the East Asia Summit (EAS). The second is an economic strategy involving high-quality trade liberalization, mainly within the framework of the Trans-Pacific Partnership (TPP). The third is, of course, the military element, initially dubbed a “pivot” but since rechristened as a “rebalancing.”

China has viewed these initiatives with much suspicion and regards them as detrimental to its interests. It sees Washington’s use of the EAS to address the South China Sea disputes as blatant interference and unnecessary internationalization of the issue, which it prefers to address bilaterally with the respective parties. It deems the TPP an exclusionary framework aimed at countering China’s economic influence. As for Washington’s rebalancing, Beijing considers it another name for containment. ...

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