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Obama and Asia’s Two Futures

TOKYO – Despite the relentless shift of global economic might to Asia, and China’s rise as a great power – the central historical events of our time, which will drive world affairs for the foreseeable future – America’s focus has been elsewhere. The terrorist attacks of 2001, followed by the Afghanistan and Iraq wars, the Great Contraction of 2008, the Arab Spring, and Europe’s sovereign debt crisis, all diverted the United States from helping to create a lasting structure of peace to accommodate today’s resurgent Asia.

In November, US President Barack Obama can begin to redress this imbalance when he hosts the Asia Pacific Economic Cooperation summit in his native state of Hawaii. The meeting’s timing is fortunate, because a number of critical Asian issues are coming to a boil.