Securing a high-standard Indo-Pacific economic architecture
Wilson, J. (2018) Securing a high-standard Indo-Pacific economic architecture. Perth USAsia Centre
Abstract
Economic regionalism in the Asia is in flux. Since 2010, a variety of new multilateral initiatives have attempted to geographically and functionally reconfigure the regional economic architecture.
A high-standard, US-Australia-Japan-backed ‘Indo-Pacific’ model for regional integration currently competes with a minimalist and China-led ‘Asian’ alternative.
Since the Trump Administration took office in 2016, the US has ceased to be an active player in this architectural contest. The prospects for the high-standard model have suffered as a result.
Given the longstanding importance of US leadership for Asia, this poses the risk that a sub-optimal, if not wholly-adverse, regional economic architecture may emergence in its absence.
For members of the high-standard coalition, strategies must be developed and enacted now to mitigate these risks. These will ensure they retain the capacity to shape the newly-emerging regional economic architecture.
Item Type: | Report |
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Murdoch Affiliation(s): | School Of Business and Governance |
Series Name: | Briefing note for the United States-Australia Indo-Pacific Cooperation Dialogue |
Publisher: | Perth USAsia Centre |
URI: | http://researchrepository.murdoch.edu.au/id/eprint/41795 |
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