Tomorrow’s Pax Pacifica

CANBERRA – Although the relationship between China and the United States is critical to Asia’s future, this does not mean that the region will become a Sino-American duopoly. The concept of a “G-2” is never going to fly in Asia.

To begin with, excluding China, Asia’s combined GDP is roughly equivalent to that of the US, and it vastly exceeds that of China. Furthermore, Japan remains the world’s third-largest economy, while economies like India, South Korea, Indonesia, and Australia are growing rapidly.