The New Rules: What the Global Economy Needs from Asia

August 2010

World Politics Review;8/10/2010, p16

Periodical

Article

The article analyzes the structural imbalances hindering Asia's collective ascension as an established third pillar of global order. It is viewed that China's mercantilist strategy encouraged the growth of Asia through exports and consolidated trade surplus with the U.S. It suggests the potential of China to lose its export dominance through currency appreciation and the need for Beijing to address concerns over inadequate public health care and pension systems. It contends that the U.S.-China relations prevent regional security and economic integration.

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