Report
Securing a high-standard Indo-Pacific economic architecture
Briefing note for the United States-Australia Indo-Pacific Cooperation Dialogue, Perth USAsia Centre
2018
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.
Details
- Title
- Securing a high-standard Indo-Pacific economic architecture
- Authors/Creators
- J. Wilson (Author/Creator)
- Series
- Briefing note for the United States-Australia Indo-Pacific Cooperation Dialogue
- Publisher
- Perth USAsia Centre
- Identifiers
- 991005543540507891
- Murdoch Affiliation
- School of Business and Governance
- Language
- English
- Resource Type
- Report
Metrics
122 File views/ downloads
68 Record Views