Asia’s Month of Milestones
In recent weeks, nervousness about the rise of China has seen a fundamental strategic repositioning by the Asia-Pacific region’s major players, with President Barack Obama vowing to reassert US power and interests there. But, while concerns about China's behavior should be a part of US allies' strategic planning, they should not be exaggerated.
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CANBERRA – For grand strategy buffs, this has been quite a month, with several events looking like the kind of turning points that will consume future historians. Capturing the most media attention has been Europe’s eroding credibility, with its paralyzed institutional response to the ongoing financial crisis making ever more fanciful the notion of a “G-3” world, in which the European Union could compete as a political and economic equal with the United States and China.