Khan, Haider (2013): U.S. Foreign Policy and Asia: Peace and Prosperity or Instability and Crisis?
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Abstract
Should the U.S. reassess its grand strategy and as part of this reassessment change its policy perspective strategically in Asia? These are difficult and contentious questions. However, given the current turbulence in global politics and political economy, their importance is undeniable. I argue that the US should change its grand strategy, giving up hegemonic practices and working multilaterally with other nations---particularly the BRICS in order to achieve the twin related goals of global peace and economic prosperity. U.S. policy towards Asia is much more than mere regional policy. As the largest continent on our planet, to a large extent Asia holds the key towards the global future for better or worse. U.S. relations with Asia are, therefore, crucial for any reasonable assessment of various pathways to the global future. It is my hope that wise reciprocal (or even wise unilateral U.S.) policies will open the door towards a better planetary future. Part of this changed strategy will be to build the institutions for a hybrid global financial architecture where regional financial architectures play a crucial role for averting financial and economic crises. To this end cooperating with East Asia in particular is of great strategic significance.
Item Type: | MPRA Paper |
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Original Title: | U.S. Foreign Policy and Asia: Peace and Prosperity or Instability and Crisis? |
Language: | English |
Keywords: | Grand Strategy, East Asia, Turbulence, hybrid global financial architecture, regional financial architecture |
Subjects: | F - International Economics > F3 - International Finance F - International Economics > F6 - Economic Impacts of Globalization |
Item ID: | 50167 |
Depositing User: | Haider Khan |
Date Deposited: | 25 Sep 2013 03:04 |
Last Modified: | 27 Sep 2019 19:11 |
References: | Khan, Haider A.(2004) Global Markets and Financial Crisis: Towards a Theory for the 21st Century, Basingstoke, UK:Macmillan/Palgrave -----------------------------(2006). “Managing global risks and creating prosperity : the role of the IMF and regional financial architectures” in Junji Nakagawa,ed. Managing Development: Globalization,Economic Restructuring and Social Policy, Routledge:17-41. ----------------------------(2008a) “Can Obama Do It?” in Globalization, Development and Democracy , http://gddn.blogspot.com/ Last accessed Feb.11,2011. ----------------------------(2008b) “Making Globalization Work: Towards Global Economic Justice. MPRA , Munich, Germany. http://mpra.ub.uni-muenchen.de/7864/ Last accessed Feb. 11, 2011. ------------------(2011), “ Analyzing the Impact on Financial Crisis on Developing Countries,” Report submitted to the UNDP, NYC ------------------(2013). “Development Strategies: Lessons from South Korea, Thailand, Malaysia and Viet Nam”, in Augustin Fosu ed. Lessons from Successful Development Strategies, Oxford:Oxford University Press: |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/50167 |