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    The End of the TPP: Symptoms of American Decline and ASEAN's Response

    Narine, Shaun | April 2017
    Abstract
    The US lacks the political and ideological flexibility needed to adopt reforms that are necessary for it to successfully manage the social and economic effects of globalization. Until it does, public resistance to multilateral trade agreements will remain, and even grow. To be sure, the US intends to remain militarily engaged in Asia, but as its economic engagement declines, an increasing military presence may be destabilizing for the regional order. Within the Asia Pacific, many American allies cling to the hope that the US will find its bearings and re-establish its commitment to the status quo. However, this is unlikely, given the fundamental nature of the US problems. How can and should ASEAN respond to this changing situation? The ASEAN states have an opportunity to redefine their relationship with the US and consolidate intra-ASEAN cooperation. However, it is unlikely that they can manage that. Ultimately, the region will need to come to terms with an ascendant China and accept greater competition between regional powers.
    Citation
    Narine, Shaun. 2017. The End of the TPP: Symptoms of American Decline and ASEAN's Response. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/7023.
    ISSN
    2335-6677
    Keywords
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Economic development
    Trade Facilitation
    Trade
    Economic integration
    Regional Economic Integration
    Free Trade
    Trade Agreements
    Trade Policy
    Economic Development
    Economics
    International Economics
    Intraregional Trade
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West
    Foreign trade and employment
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    Citable URI
    http://hdl.handle.net/11540/7023
    Metadata
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    ISEAS_Perspective_2017_25.pdf (485.2Kb)
    Author
    Narine, Shaun
    Theme
    Trade
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise