Andrew Yeo
- Published in print:
- 2019
- Published Online:
- September 2019
- ISBN:
- 9781503608443
- eISBN:
- 9781503608801
- Item type:
- chapter
- Publisher:
- Stanford University Press
- DOI:
- 10.11126/stanford/9781503608443.003.0006
- Subject:
- Political Science, Comparative Politics
Chapter 6 explores developments in Asia’s regional architecture under the Trump government and the rising influence of China under Xi Jinping. The chapter draws explicit connections between Asia’s ...
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Chapter 6 explores developments in Asia’s regional architecture under the Trump government and the rising influence of China under Xi Jinping. The chapter draws explicit connections between Asia’s current regional architecture and the future of Asian order. It makes the case that institutions in Asia, particularly US bilateral alliances, are more resilient than presumed. It then draws on the historical institutionalism and regime complexity literatures to describe how the complex patchwork both complicates and advances institutional cooperation. The chapter concludes by offering a more optimistic outlook regarding the complex patchwork and its potential for improving regional governance.Less
Chapter 6 explores developments in Asia’s regional architecture under the Trump government and the rising influence of China under Xi Jinping. The chapter draws explicit connections between Asia’s current regional architecture and the future of Asian order. It makes the case that institutions in Asia, particularly US bilateral alliances, are more resilient than presumed. It then draws on the historical institutionalism and regime complexity literatures to describe how the complex patchwork both complicates and advances institutional cooperation. The chapter concludes by offering a more optimistic outlook regarding the complex patchwork and its potential for improving regional governance.
Andrew Yeo
- Published in print:
- 2019
- Published Online:
- September 2019
- ISBN:
- 9781503608443
- eISBN:
- 9781503608801
- Item type:
- book
- Publisher:
- Stanford University Press
- DOI:
- 10.11126/stanford/9781503608443.001.0001
- Subject:
- Political Science, Comparative Politics
Something remarkable has occurred in Asia with little fanfare over the past twenty-five years. Considered severely underinstitutionalized at the end of the Cold War, Asia’s regional architecture is ...
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Something remarkable has occurred in Asia with little fanfare over the past twenty-five years. Considered severely underinstitutionalized at the end of the Cold War, Asia’s regional architecture is now characterized by a complex patchwork of overlapping alliances and multilateral institutions. How did this happen? Why should we care? And what does this mean for the future of regional order and Asian security? Adopting a new framework grounded in historical institutionalism, this book examines the transformation of Asia’s regional architecture from 1945 to the present. The book traces institutional and political developments in Asia beginning with the emergence of the postwar US bilateral alliance system and covers the debate and contention behind the rise of several post–Cold War multilateral initiatives. These include the Asia-Pacific Economic Cooperation, ASEAN Regional Forum, East Asian Summit, Trans-Pacific Partnership, China-Japan-Korea Trilateral Summit, Asian Infrastructure Investment Bank, and the Belt and Road Initiative, among others. Asian policy makers have endeavored to create a set of rules, norms, and institutions to build confidence, facilitate cooperation, improve governance, and ultimately bring peace and order to a region fraught with underlying historical and political tensions. Although Asia’s complex patchwork of institutions may exacerbate regional rivalries, the book demonstrates how overlapping institutions may ultimately bring greater stability to the region.Less
Something remarkable has occurred in Asia with little fanfare over the past twenty-five years. Considered severely underinstitutionalized at the end of the Cold War, Asia’s regional architecture is now characterized by a complex patchwork of overlapping alliances and multilateral institutions. How did this happen? Why should we care? And what does this mean for the future of regional order and Asian security? Adopting a new framework grounded in historical institutionalism, this book examines the transformation of Asia’s regional architecture from 1945 to the present. The book traces institutional and political developments in Asia beginning with the emergence of the postwar US bilateral alliance system and covers the debate and contention behind the rise of several post–Cold War multilateral initiatives. These include the Asia-Pacific Economic Cooperation, ASEAN Regional Forum, East Asian Summit, Trans-Pacific Partnership, China-Japan-Korea Trilateral Summit, Asian Infrastructure Investment Bank, and the Belt and Road Initiative, among others. Asian policy makers have endeavored to create a set of rules, norms, and institutions to build confidence, facilitate cooperation, improve governance, and ultimately bring peace and order to a region fraught with underlying historical and political tensions. Although Asia’s complex patchwork of institutions may exacerbate regional rivalries, the book demonstrates how overlapping institutions may ultimately bring greater stability to the region.
Andrew Yeo
- Published in print:
- 2019
- Published Online:
- September 2019
- ISBN:
- 9781503608443
- eISBN:
- 9781503608801
- Item type:
- chapter
- Publisher:
- Stanford University Press
- DOI:
- 10.11126/stanford/9781503608443.003.0007
- Subject:
- Political Science, Comparative Politics
Chapter 7 recaps the book’s finding that processes of continuity and change have occurred simultaneously, transforming an under-institutionalized region into a complex patchwork of overlapping ...
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Chapter 7 recaps the book’s finding that processes of continuity and change have occurred simultaneously, transforming an under-institutionalized region into a complex patchwork of overlapping institutions. The chapter then draws lessons from historical institutionalism for international relations theory and its significance for Asia policy and strategy. The book concludes with recommendations for US policy makers given rising tensions in US-Sino relations and potential institutional competition between Beijing and Washington. In particular, it advocates policy makers to adopt a zero-sum framework and continue building and supporting the regional architecture in ways which reinforce, but also look beyond its bilateral alliances.Less
Chapter 7 recaps the book’s finding that processes of continuity and change have occurred simultaneously, transforming an under-institutionalized region into a complex patchwork of overlapping institutions. The chapter then draws lessons from historical institutionalism for international relations theory and its significance for Asia policy and strategy. The book concludes with recommendations for US policy makers given rising tensions in US-Sino relations and potential institutional competition between Beijing and Washington. In particular, it advocates policy makers to adopt a zero-sum framework and continue building and supporting the regional architecture in ways which reinforce, but also look beyond its bilateral alliances.
Nagesh Kumar
- Published in print:
- 2013
- Published Online:
- June 2014
- ISBN:
- 9780198092346
- eISBN:
- 9780199082834
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198092346.003.0018
- Subject:
- Economics and Finance, South and East Asia
In the post-crisis period the ability of the Asia Pacific region to sustain its growth rates has become uncertain given the subdued growth prospects of the advanced economies. Asia-Pacific will have ...
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In the post-crisis period the ability of the Asia Pacific region to sustain its growth rates has become uncertain given the subdued growth prospects of the advanced economies. Asia-Pacific will have to rely more on investment and consumption within the region for sustaining its growth rates. Closing the wide infrastructure and development gaps could help generate additional aggregate demand and help to foster inclusive growth. However the huge financing required for these investments cannot be done through the existing global institutional arrangements. The 6 trillion dollars in foreign exchange reserves of Asia-Pacific cannot be utilized in the region because of lack of a well-developed regional financial architecture. Developing such a regional financial framework could help in efficient intermediation between the region’s vast savings and the unmet investment needs. It could also help in bringing about development friendly reform of the international financial system.Less
In the post-crisis period the ability of the Asia Pacific region to sustain its growth rates has become uncertain given the subdued growth prospects of the advanced economies. Asia-Pacific will have to rely more on investment and consumption within the region for sustaining its growth rates. Closing the wide infrastructure and development gaps could help generate additional aggregate demand and help to foster inclusive growth. However the huge financing required for these investments cannot be done through the existing global institutional arrangements. The 6 trillion dollars in foreign exchange reserves of Asia-Pacific cannot be utilized in the region because of lack of a well-developed regional financial architecture. Developing such a regional financial framework could help in efficient intermediation between the region’s vast savings and the unmet investment needs. It could also help in bringing about development friendly reform of the international financial system.
Robert G. Ousterhout
- Published in print:
- 2019
- Published Online:
- September 2019
- ISBN:
- 9780190272739
- eISBN:
- 9780190068592
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780190272739.003.0007
- Subject:
- Classical Studies, Asian and Middle Eastern History: BCE to 500CE, European History: BCE to 500CE
Despite the continuation of pan-Mediterranean commerce through the fifth century and contacts brought about by imperial patronage and pilgrimage, distinctive styles quickly emerged in the different ...
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Despite the continuation of pan-Mediterranean commerce through the fifth century and contacts brought about by imperial patronage and pilgrimage, distinctive styles quickly emerged in the different regions of the empire. This chapter contrasts architectural and urban developments at the heart of the Byzantine Empire with those in Italy (Rome, Milan, and Ravenna) and in the eastern provinces: Syria, Jordan, Egypt, and Asia Minor.Less
Despite the continuation of pan-Mediterranean commerce through the fifth century and contacts brought about by imperial patronage and pilgrimage, distinctive styles quickly emerged in the different regions of the empire. This chapter contrasts architectural and urban developments at the heart of the Byzantine Empire with those in Italy (Rome, Milan, and Ravenna) and in the eastern provinces: Syria, Jordan, Egypt, and Asia Minor.
Timothy Doyle and Dennis Rumley
- Published in print:
- 2019
- Published Online:
- January 2020
- ISBN:
- 9780198739524
- eISBN:
- 9780191802492
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198739524.003.0009
- Subject:
- Political Science, International Relations and Politics
In this final chapter, we contend that despite the fact that differing constructions of the Indo-Pacific occur across matrices of space, time, and selected world-view methodologies, it is important ...
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In this final chapter, we contend that despite the fact that differing constructions of the Indo-Pacific occur across matrices of space, time, and selected world-view methodologies, it is important to conclude that not all constructions and geopolitical imaginations are equal. Consequently, we prioritize the ongoing relationships between the US and China: these will largely determine the geopolitics of the Indo-Pacific region in the twenty-first century and beyond. Also, we end the book on a constructive note, exploring a regional institutional model which is the closest we have yet experienced in terms of being representative of Indo-Pacific nation-states, from the western Indian Ocean, to the western periphery of the Pacific. The case of the Indian Ocean Rim Association, now over twenty years since its inception, is an exemplar (however imperfect) of the maritime regional organization wrestling with the daily realities of what it is to operate in a new Indo-Pacific world.Less
In this final chapter, we contend that despite the fact that differing constructions of the Indo-Pacific occur across matrices of space, time, and selected world-view methodologies, it is important to conclude that not all constructions and geopolitical imaginations are equal. Consequently, we prioritize the ongoing relationships between the US and China: these will largely determine the geopolitics of the Indo-Pacific region in the twenty-first century and beyond. Also, we end the book on a constructive note, exploring a regional institutional model which is the closest we have yet experienced in terms of being representative of Indo-Pacific nation-states, from the western Indian Ocean, to the western periphery of the Pacific. The case of the Indian Ocean Rim Association, now over twenty years since its inception, is an exemplar (however imperfect) of the maritime regional organization wrestling with the daily realities of what it is to operate in a new Indo-Pacific world.
Ulrich Volz
- Published in print:
- 2010
- Published Online:
- August 2013
- ISBN:
- 9780262013994
- eISBN:
- 9780262265980
- Item type:
- book
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262013994.001.0001
- Subject:
- Economics and Finance, Econometrics
East Asian countries were notably uninterested in regional monetary integration until the late 1990s, when the Asian financial crisis revealed the fragility of the region’s exchange rate arrangements ...
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East Asian countries were notably uninterested in regional monetary integration until the late 1990s, when the Asian financial crisis revealed the fragility of the region’s exchange rate arrangements and highlighted the need for a stronger regional financial architecture. Since then, the countries of East Asia have begun taking steps to explore monetary and financial cooperation, establishing such initiatives as regular consultations among finance ministers and central bank governors and the pooling of foreign exchange reserves. This book investigates the prospects for monetary cooperation and integration in East Asia, using state-of-the-art theoretical and empirical tools to analyze the most promising policy options. It points out that monetary cooperation can be defined broadly to include options ranging from informal policy consultations to European-style monetary union. The book recommends a gradual approach toward monetary integration in East Asia, one that pursues less extensive forms of monetary cooperation before tackling such highly challenging projects as a regional exchange rate system or a regional monetary union. The simpler, less demanding forms of policy coordination would, it argues, allow East Asian countries to develop an integrationist spirit and gain experience in cooperation. Monetary integration is not an end in itself, the book reminds us, but a means to promote economic and financial development and create a stable macroeconomic environment that is conducive to investment and growth. After providing an in-depth analysis of the costs and benefits of monetary integration, it examines different options for East Asian countries.Less
East Asian countries were notably uninterested in regional monetary integration until the late 1990s, when the Asian financial crisis revealed the fragility of the region’s exchange rate arrangements and highlighted the need for a stronger regional financial architecture. Since then, the countries of East Asia have begun taking steps to explore monetary and financial cooperation, establishing such initiatives as regular consultations among finance ministers and central bank governors and the pooling of foreign exchange reserves. This book investigates the prospects for monetary cooperation and integration in East Asia, using state-of-the-art theoretical and empirical tools to analyze the most promising policy options. It points out that monetary cooperation can be defined broadly to include options ranging from informal policy consultations to European-style monetary union. The book recommends a gradual approach toward monetary integration in East Asia, one that pursues less extensive forms of monetary cooperation before tackling such highly challenging projects as a regional exchange rate system or a regional monetary union. The simpler, less demanding forms of policy coordination would, it argues, allow East Asian countries to develop an integrationist spirit and gain experience in cooperation. Monetary integration is not an end in itself, the book reminds us, but a means to promote economic and financial development and create a stable macroeconomic environment that is conducive to investment and growth. After providing an in-depth analysis of the costs and benefits of monetary integration, it examines different options for East Asian countries.
Frédéric Grare
- Published in print:
- 2017
- Published Online:
- December 2017
- ISBN:
- 9780190859336
- eISBN:
- 9780190872595
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780190859336.003.0003
- Subject:
- Political Science, International Relations and Politics
The convergence of interests between India and the United States extend to most major regional issues. Both countries intend to pursue regional cooperation and develop an inclusive regional security ...
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The convergence of interests between India and the United States extend to most major regional issues. Both countries intend to pursue regional cooperation and develop an inclusive regional security architecture. Yet significant perception gaps persist between the two countries linked to their asymmetry of power as well as geographical locations. India does not want to be caught in a zero-sum game between China and the United States and remains uncertain about the willingness of the United States to act as a security provider. The relationship is ultimately based on a quid pro quo that takes into account US interests and India’s own constraints. A strong but autonomous India contributes to United States interests in the region.Less
The convergence of interests between India and the United States extend to most major regional issues. Both countries intend to pursue regional cooperation and develop an inclusive regional security architecture. Yet significant perception gaps persist between the two countries linked to their asymmetry of power as well as geographical locations. India does not want to be caught in a zero-sum game between China and the United States and remains uncertain about the willingness of the United States to act as a security provider. The relationship is ultimately based on a quid pro quo that takes into account US interests and India’s own constraints. A strong but autonomous India contributes to United States interests in the region.