The End of the Asian Century: War, Stagnation, and the Risks by Michael R. Auslin

By Michael R. Auslin

An urgently wanted “risk map” of the numerous hazards that may derail Asia’s development and stability

on the grounds that Marco Polo, the West has waited for the “Asian Century.” this present day, the area believes that Century has arrived. but from China’s slumping economic climate to battle clouds over the South China Sea and from environmental devastation to demographic main issue, Asia’s destiny is more and more doubtful. Historian and geopolitical specialist Michael Auslin argues that faraway from being a cohesive powerhouse, Asia is a fractured zone threatened through stagnation and instability. right here, he presents a finished account of the industrial, army, political, and demographic dangers that bedevil half our global, arguing that Asia, operating with the U.S., has a different chance to stay clear of disaster – yet provided that it acts boldly. Bringing jointly firsthand observations and a long time of study, Auslin’s provocative reassessment of Asia’s destiny should be a must-read for and traders, in addition to politicians and students, for years to come.

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Additional info for The End of the Asian Century: War, Stagnation, and the Risks to the World’s Most Dynamic Region

Sample text

Although Asia’s nations face many of the same problems, there is little that links those nations together. Beyond a rudimentary sense of “Asian-ness,” there remains no effective regional political community. There is no NATO, no European Union in Asia that can try to solve common problems in a joint manner or to address bilateral issues in a broader framework. This lack of regional unity constitutes the fourth region in our risk map. Stand in front of the Palace of Heavenly Purity in the center of Beijing’s Forbidden City, and you can feel the centuries of political order, both theoretical and real, that shaped Asian history.

The countries of the Mekong River region get far less attention here than their neighbors, whom I see as the more important drivers of risk. Russia, too, deserves more than the occasional remark. I have excluded these nations from this book because the numerous Asian business leaders, officials, and experts with whom I talked were focused on other matters. I have also omitted some subjects that may rank high on popular lists of concerns. Prominent among these is the question of energy security and the future of civilian nuclear power.

From Japan to India, the nations of Asia struggle to maintain growth, balance their economies, and fight slowdowns. For most of these countries, the days of high-flying growth are long over, while for others, they never began. It is past time for the rest of the world to pay attention to the threats to Asia’s economic health. Uneven development, asset bubbles, malinvestment, labor issues, and state control over markets are just some of the features of economic risk in the Asia-Pacific. And because Asian economies are increasingly interlinked, problems in one country spill over to others.

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