Something new is happening across East Asia. A part of the world long noted for its lack of internal economic links is discussing regional cooperation on trade, investment, and exchange rates. Why has East Asia suddenly shifted from a global approach to economic issues to discussing a regional bloc? How fast and how far will the new regionalism progress? Will East Asia become a counterpart to the European Union, or something far less? What is the probable impact on American economic and strategic interests? Is East Asian regionalism something that the U.S. government should encourage or discourage? Edward J. Lincoln takes up these critical questions in this timely and important book and explores what is happening to regional trade and investment flows as he explains what sort of regional arrangements would be the most attractive for the United States, and for the world economy.
An exclusively Asian form of regionalism could run counter to American economic interests, Lincoln says; the U.S. government has reacted negatively to similar proposals in the past. Instead, because trade and investment links between the countries of the Asia-Pacific region and the United States remain strong, Lincoln argues that the Asia Pacific Economic Cooperation forum remains the most appropriate institution for pursuing regional trade and investment issues.
Edward J. Lincoln is a senior fellow in Asia and economic studies at the Council on Foreign Relations. He is also author of Arthritic Japan: the Slow Pace of Economic Reform and several other books, and project director of the Council-sponsored independent Task Force on Japan.
India now matters to U.S. interests in virtually every dimension. This Independent Task Force report assesses the current situation in India and the U.S.-India relationship, and suggests a new model for partnership with a rising India.
Rates of heart disease, cancer, diabetes, and other noncommunicable diseases (NCDs) in low- and middle-income countries are increasing faster than in wealthier countries. The report outlines a plan for collective action on this growing epidemic.
Learn more about CFR’s mission and its work over the past year in the 2016 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »
The Fall 2016 issue of CFR's member newsletter, the Chronicle, is a guide to CFR's most important news since August 2016, and includes announcements about new programs, partnerships, fellows, meetings, publications, and members. Read it now.
Now Available: Foreign Policy Begins at Home
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