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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