Skip to main content

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated Cookie policy, Privacy policy and Terms & Conditions

je1157c.jpg Jennifer Kohnke

Obama’s Pacific Pivot

The US has declared that its foreign policy will "pivot" towards the Asia-Pacific region. But, while China is anxious about a supposed US effort to "contain" it strategically, the last thing America wants is a Cold War II in Asia.

CAMBRIDGE – Asia’s return to the center of world affairs is the great power shift of the twenty-first century. In 1750, Asia had roughly three-fifths of the world’s population and accounted for three-fifths of global output. By 1900, after the Industrial Revolution in Europe and America, Asia’s share of global output had shrunk to one-fifth. By 2050, Asia will be well on its way back to where it was 300 years earlier.

But, rather than keeping an eye on that ball, the United States wasted the first decade of this century mired in wars in Iraq and Afghanistan. Now, as US Secretary of State Hillary Clinton put it in a recent speech, American foreign policy will “pivot” toward East Asia.

President Barack Obama’s decision to rotate 2,500 US Marines through a base in northern Australia is an early sign of that pivot. In addition, the November Asia-Pacific Economic Cooperation meeting, held in Obama’s home state of Hawaii, promoted a new set of trade talks called the Trans-Pacific Partnership. Both events reinforce Obama’s message to the Asia-Pacific region that the US intends to remain an engaged power.

We hope you're enjoying Project Syndicate.

To continue reading, subscribe now.

Subscribe

Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.

https://prosyn.org/Q9cRHrE;
  1. mahroum18_HAIDAR HAMDANIAFP via Getty Images_iraqprotestfire Haidar Hamdani/AFP via Getty Images

    The Arab World Needs a Brexit Debate

    Sami Mahroum

    The Arab world has witnessed at least one big Brexit-like event every decade since 1948 – and these political, economic, and social ruptures never seem to heal. The impact of these self-inflicted disasters is now painfully evident, and ongoing street protests in several countries suggest that a moment of reckoning may have arrived.

    0
  2. lhatheway7_Claudio Santistebanpicture alliance via Getty Images_ECBFedLagardePowell Claudio Santisteban/picture alliance via Getty Images

    Restoring Central Banks’ Credibility

    Larry Hatheway

    The old central-bank playbook of slashing interest rates to spur consumption, investment, and employment has become less effective since the 2008 financial crisis. Yet without effective tools and the public's confidence, central banks will be unable to rise to the occasion when the next recession arrives.

    0
  3. fischer163_action press-PoolGetty Images_natoflagsoldiers Action Press-Pool/Getty Images

    The Day After NATO

    Joschka Fischer

    French President Emmanuel Macron has drawn criticism for describing NATO as brain dead and pursuing a rapprochement with Russian President Vladimir Putin. But now that a wayward America could abandon the continent at any moment, Macron's argument for European defense autonomy is difficult to refute.

    9