Although the US’s recent ‘pivot’ toward the East Asian region has been much discussed, inadequate attention has been paid to the political and economic consequences of this initiative. This paper considers the political-economy of the pivot and suggests that it is best understood as part of a long-standing pattern of American engagement with the region. However, the rise of China is placing important new constraints on America’s ability to use economic leverage as an element of its overall policies in the region. The paper explains why and details some of the most important elements in the evolving Asia-Pacific political-economy.
Mark Beeson, Murdoch University, Perth, Australia
Read the Studies "US Rebalancing Toward Asia-Pacific: Beyond the Slogans"