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Reinvigorating U.S. Economic Strategy in the Asia Pacific

Recommendations for the Incoming Administration

January 5, 2017

ISBN# 978-1-4422-7976-6 (pb); 978-1-4422-7977-3 (eBook)
CSIS/Rowman & Littlefield
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The Asia Pacific is home to over half of humanity and many of the world’s largest and most dynamic economies. Over the coming decades, no region of the world will do more to shape U.S. economic fortunes. More than ever before, American jobs and growth are tied to the Asia Pacific, and these opportunities are likely to grow.

But the region is undergoing profound change. Today, mutually beneficial relations with the Asia Pacific are challenged by slowing growth, a rise in security tensions, and threats to the U.S.-led order. The rise of China is altering the Asia-Pacific landscape in profound ways and playing a critical role in the region’s prosperity and perceived stability. These economic and security shifts offer opportunities for the United States to strengthen cooperation with emerging economies and reinforce partnerships with established allies. But new policies are needed in what has become a more volatile environment. These policies must be grounded in the enduring interests of the United States and informed by the realities of a changing Asia Pacific. And just as economics is at the heart of Asia’s rise, so must economics be at the heart of an effective strategy.

CSIS convened the Asia Economic Strategy Commission to help inform such a reinvigorated strategy. In this report, the Commission calls on the incoming administration to outline, both for the American people and Asia, a vision for a prosperous and inclusive trans-Pacific economic order. With confident leadership and energetic execution, such a strategy can help to uphold enduring U.S. interests, advance the peace and prosperity of the Asia Pacific, and build a firm foundation for America’s Pacific century.

Photo credit: Massachusetts Institute of Technology
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Written By
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Matthew P. Goodman
Senior Vice President for Economics and Simon Chair in Political Economy
Scott Miller
Senior Adviser, Abshire-Inamori Leadership Academy
Amy Searight
Senior Associate (Non-resident) for Asia
Charlene Barshefsky
Cochair, CSIS Asia Economic Strategy Commission
Evan G. Greenberg
Cochair, CSIS Asia Economic Strategy Commission
Jon M. Huntsman Jr.
Cochair, CSIS Asia Economic Strategy Commission
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Related
Asia, Asian Economics, Australia, New Zealand & Pacific, China, Economics, Economics Program, Global Economic Governance, India, Japan, Korea, Scholl Chair in International Business, Southeast Asia, Southeast Asia Program, Trade and International Business

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