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oapen-20.500.12657-638872023-07-13T02:46:56Z Navigating Prosperity and Security in East Asia Armstrong, Shiro Triggs, Adam Westland, Tom East Asia economy political economy prosperity security bic Book Industry Communication::J Society & social sciences::JP Politics & government::JPS International relations::JPSL Geopolitics bic Book Industry Communication::J Society & social sciences::JP Politics & government::JPS International relations::JPSN International institutions bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCL International economics::KCLT International trade bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCP Political economy bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCS Economic systems & structures The world's two largest economies, the United States and China, are locked in a trade war, complicating policy choices internationally. These choices are sharper for the countries of East and Southeast Asia than they are elsewhere, because the multilateral rules-based economic order on which East Asian economic integration and cooperation is built is under threat. Economic policy has never been separate from security considerations. For decades, the national security risks inherent in economic exchange have been mitigated under a US-led system that allowed the strengthening of economic ties, including between China and the rest of the world. But economics and security are increasingly entangled in a way that is damaging to both, creating a dangerous trade-off. Now, as global uncertainties grow, the risks of international exchange—rather than its benefits—are beginning to dominate the calculus for some policymakers. Against this backdrop, how can Southeast Asian countries and US allies in Asia balance their security interests and their economic interests? And how can these countries, individually and collectively, broaden their policy options and deepen economic integration? This volume investigates the domestic and international dimensions of these questions. 2023-07-12T14:25:04Z 2023-07-12T14:25:04Z 2023 book ONIX_20230712_9781760465667_8 9781760465667 9781760465650 https://library.oapen.org/handle/20.500.12657/63887 eng application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International book.pdf ANU Press ANU Press 10.22459/NPSEA.2023 10.22459/NPSEA.2023 ddc8cc3f-dd57-40ef-b8d5-06f839686b71 9781760465667 9781760465650 ANU Press 248 Canberra open access
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The world's two largest economies, the United States and China, are locked in a trade war, complicating policy choices internationally. These choices are sharper for the countries of East and Southeast Asia than they are elsewhere, because the multilateral rules-based economic order on which East Asian economic integration and cooperation is built is under threat. Economic policy has never been separate from security considerations. For decades, the national security risks inherent in economic exchange have been mitigated under a US-led system that allowed the strengthening of economic ties, including between China and the rest of the world. But economics and security are increasingly entangled in a way that is damaging to both, creating a dangerous trade-off. Now, as global uncertainties grow, the risks of international exchange—rather than its benefits—are beginning to dominate the calculus for some policymakers. Against this backdrop, how can Southeast Asian countries and US allies in Asia balance their security interests and their economic interests? And how can these countries, individually and collectively, broaden their policy options and deepen economic integration? This volume investigates the domestic and international dimensions of these questions.
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