Asia AloneThe Dangerous Post-Crisis Divide from America
An insightful examination of the changing relationship between Asia and the United States In this lucidly written and thought-provoking book, author Simon Tay highlights the accelerating trends that point to Asia increasingly forging its own path, independent of the United States. He also describes the fundamental changes and new policy directions needed to maintain and strengthen the bonds between Asia and the United States that have been beneficial to both since the end of the Second World War. On the eve of the global financial crisis of 2008, the economies of the United States and its Asian partners were deeply interdependent. But the different approaches taken to the crisis by Asian and Western leaders point to a new separation that may have negative consequences for the economies and businesses of both regions. To avoid a dangerous divide that may make us all the poorer, Tay reveals what leaders, policy-makers, companies, and citizens can do to find a balance that enriches us all. Written by a leading public intellectual CNN's Fareed Zakaria describes as "one of the most intelligent and reliable guides to the region" Touches on major issues in foreign policy and economics that will impact Asian nations and the United States over the near future Explains the changing nature of economic relations in the global economy For foreign policy followers, politicians, and businesspeople, Asia Alone charts a path forward—together.
Introduction. Acknowledgments. 1. From Interdependence to a Dangerous Divide: How is the Crisis Changing Asia and America? Langfang and Interdependence. Origins in Crisis. A New Asian Balance. Meeting Mr. Post-American. The Blame Game. From American Soft Power to Chinese Charm. Why It Matters. What Can Be Done. 2. Two Crises, One Asia: Is Asia Coming Together as a Region Without the United States? Why? Asia as One. The "Asian" Crisis and America. How America Lost Asia. Asia Decoupling. 3. Leading Asia's Rise: Who's In and Who Leads? China and Southeast Asia: From Alarm to Charm. Gaining from Crises, Gaining from China. ASEAN's Example. The Problem with Japan and Others. ASEAN's Limits and the Regional Mess. 4. When Buffalo Fight: Can Rivalries Be Resolved as Asian Powers Emerge? Tribute to China. Contested Histories, Future Doubts. Enter India. The Status Quo: Containment and Balance. Economic Logic and Political Insanities. 5. American Adjustments and Continuing Interests: Does the United States Really Want and Need Asia? When the Going Gets Tough, the Tough (Don't) Go Shopping. Chinese Trading Junk, Globalization Blues. The Asian Opportunity (Again). From Americanization to Global-as-Asian. "Buy American": Investment as Invasion. 6. Bridging the Divide, Rebalancing the Region: How Can America and Asia Adjust to Their Post-Crisis Relationship? Eight Days in Asia: Kowtowing and Not Being Kennedy. A Risen China and the Power of &. The City of &: The Equi-Proximate Policy. Asia's Normative Community. 7. A Shared Future?: What Can Go Wrong? A Dubai-ous Global Future. Getting Asia on the Global Stage. What Can Asians and Americans Do? American Presence Not Past. Asia Alone and the Options. The Post-Crisis World. Notes. Index.
SIMON S.C. TAY, LLM (Harvard) LLB Hons (NUS) is a public intellectual focusing on international and public affairs. He chairs the Singapore Institute of International Affairs, a leading independent think tank in Asia. Simon is concurrently an associate professor in the National University of Singapore at both the Faculty of Law and the LKY School of Public Policy, and has taught at Harvard Law School, Yale University and the Fletcher School. In 2009, he was based at the Asia Society in New York City as the Schwartz Fellow and continues as the Society’s Global Council co-chair. He has previously written or edited five books on international law and public policy. Simon has appeared on CNN, BBC, CNBC, and Bloomberg and published in leading newspapers and academic journals. He has spoken at many international meetings, including the World Economic Forum (Davos) and the APEC CEO Summit. Simon has served as a Member of Parliament in Singapore and initiated the Singapore Volunteers Overseas, the country’s equivalent of the Peace Corps. He is also an award-winning author of stories and essays.
Asia divided from America. This is something many hope will not happen. Some deny it is happening at all. But such a division is increasingly probable. In this lucidly written and thought-provoking book, author Simon Tay highlights the accelerating trends that point to Asia increasingly forging its own path, without America. He also describes the fundamental changes and new policy directions required to avoid this outcome and move the relationship forward. America and Asia entered the global financial crisis of 2008 together, their economies clearly interdependent. But they may end up more separated than united, and poorer for that. Economic and business opportunities and synergies will be missed. Stability for Asia and the stature of the U.S. will both be compromised. A partnership, valuable and indeed critical to both since the end of the Second World War, may end precipitately. Emerging from this crisis, the shape of the future may be something that we have not known in living memory: Asia Alone. The geopolitics of Asia will play an increasingly central role in global affairs. To avoid a dangerous divide, leaders, policy-makers, companies and citizens on both sides must help to find a new balance between the United States and Asia. This balance will shape, for better or for worse, the coming years not only for Asians and Americans but in tandem, for the post-crisis world. CNN’s Fareed Zakaria describes Simon Tay as “one of the most intelligent and reliable guides to the region.” Former U.S. Deputy Assistant Secretary of State Susan Shirk says “Tay’s vision of how to remake the partnership so that it works better for both the United States and Asia should be essential reading for businesspeople and diplomats alike.”
“The geopolitics of Asia will play an increasingly central role in global affairs. Simon Tay is one the most intelligent and reliable guides to the region.” —Fareed Zakaria, Editor, Newsweek International; Host of CNN’s Fareed Zakaria GPS “In this thoughtful book, Simon Tay, a distinguished Singaporean, argues that the relationship between Asia and the United States must become more equal. The United States must change and so, too, must Asia: the former must eschew past hubris and present isolationism, while the latter must overcome present hubris and past divisions. I found Asia Alone to be thought-provoking.” —Martin Wolf, Associate Editor and Chief Economics Commentator, The Financial Times “Nowhere are the changes taking place in the world more evident than in Asia, where the United States has vital security interests and faces a rising China. Simon Tay’s stimulating book expertly frames the issues in ways that will be helpful to policy makers and informed readers alike.” —J. Stapleton Roy, U.S. Ambassador to Singapore (1984-86), China (1991-95) and Indonesia (1996-99); Director, Kissinger Institute on China and the United States “Asia Alone is a welcome addition to the growing literature on Asia’s rise and America’s decline as it uniquely makes a strong case for a new form of partnership among Asian countries and the US. Tay is not only a clear thinker, but also a lucid writer who makes complex trends highly readable.” —Vishaka Desai, President, Asia Society (New York) “Tay’s thoughtful analysis and unique perspective make this book a necessary read for anyone studying or interested in the relationship between Asia and the United States. I highly recommend this book for those searching for greater understanding of regional dynamics and the changing nature of relations between Asia and the U.S.” —Han Sung-Joo, Foreign Minister of the Republic of Korea (1993-94); Ambassador to the United States (2003-05) “In his wonderfully-written new book Asia Alone, Simon Tay captures the essence of America’s Asia challenge—a United States that stands outside Asia, while the region increasingly looks within for its future. While Tay’s book is bound to become an essential read for every Asia hand, it will be equally compelling to anyone interested in how America can thrive as a global power in the twenty-first century.” —Elizabeth Economy, C.V. Starr Senior Fellow and Director for Asia Studies, Council on Foreign Relations
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