Regional prosperity must trump US power politics

By Tom Fowdy
0 Comment(s)Print E-mail China.org.cn, July 27, 2022
Adjust font size:
U.S. Treasury Secretary Janet Yellen testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., the United States, on Sept. 28, 2021. [Photo/Xinhua]

Last week, U.S. Secretary of the Treasury Janet Yellen commenced her so-called Indo-Pacific tour with a visit to South Korea, where she called for greater decoupling between U.S. allies and China.

The visit marks a growing trend by the United States of politicizing global trade and economics as it attempts to create greater leverage for geopolitical confrontation and force other countries to follow suit in the name of "self-interest."

But will the U.S. succeed? Geography suggests not. As the world's second-largest economy, most populous country, and largest trading nation, China is deeply integrated into the economic prospects of its respective neighbors on multiple levels. This includes multilateral free trading arrangements such as the Regional Comprehensive Economic Partnership (RCEP), scores of bilateral trading agreements with numerous U.S. allies, and many other investment and financial-related mechanisms. How can a government not based in the region, which does not possess any scale of similar economic integration, believe it can shift the tectonics of economic reality to suit its interests while offering nothing in return?

The U.S. is violating the fundamental laws of geo-economics in favor of geopolitics, a foreign policy it applies to Asia and the entire world. Once a champion of globalization and free markets, Washington now instead aims to reverse globalization because it deems it no longer to be in its interest. Therefore, it asks other states to try and exclude certain countries from their markets, to choose technology and suppliers based on political preferences, as opposed to cost-effectiveness or quality, and above all, to take political decisions which ultimately prove to be more expensive, involve making sacrifices and offer nothing to the prosperity of the respective countries involved. This, as seen through the surge in global inflation, constitutes one of the biggest threats to the global economy.

In reality, the interconnected economy of the Asia-Pacific has benefited from decades of continuous integration, and this can be the only way forward for its prosperity. The end of the Cold War allowed a once deeply divided region to come together, pool together resources, and build a common future. The United States attempts to unravel this by demanding some countries "take sides." This cannot be the way forward.

In the case of China and South Korea, both countries are neighbors who have formed one of the largest and most prosperous economic relationships in the region and the world. The potential dismantling of this would be disastrous to both countries. The relationship should not be sacrificed in the name of geopolitics, let alone because the U.S. is not prepared to offer any additional market access or incentives.

The region's countries should work together to ensure a more promising regional development instead of creating divisions. An Asian economic future without the most important players is inconceivable.

Tom Fowdy is a British political and international relations analyst and a graduate of Durham and Oxford universities. He writes on topics pertaining to China, the DPRK, Britain and the U.S. For more information please visit: 

http://www.ccgp-fushun.com/opinion/TomFowdy.htm

Opinion articles reflect the views of their authors, not necessarily those of China.org.cn.

If you would like to contribute, please contact us at opinion@china.org.cn. 

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 婷婷六月天在线| 一级毛片在线免费视频| 两个人看的视频播放www| 日本中文字幕一区二区有码在线 | 最新国产乱人伦偷精品免费网站 | 扒开双腿疯狂进出爽爽爽动态图| 亚洲欧美一区二区三区| 色综合久久天天综合观看| 国产美女牲交视频| 中文字幕无码不卡一区二区三区 | 免费a级毛片18以上观看精品| 老司机67194精品线观看| 国产精品欧美一区二区三区| 中文字幕一区二区三匹| 欧美丰满熟妇乱XXXXX网站| 全彩※acg海贼王同人本子| 色悠久久久久久久综合网伊人| 国产成人19禁在线观看| 99re5在线精品视频热线| 日本www在线播放| 亚洲国产av美女网站| 福利一区二区三区视频午夜观看| 四名学生毛还没长齐在线视频| 草莓视频污污在线观看 | 两性色午夜免费视频| 无遮挡无删动漫肉在线观看| 亚洲国产精品久久久久秋霞小 | 国产亚洲自拍一区| 高潮毛片无遮挡高清免费视频| 在线观看av片| 中文字幕丰满伦子无码| 最近中文字幕精彩视频| 亚洲成a人一区二区三区| 窝窝女人体国产午夜视频| 午夜欧美日韩在线视频播放| 老阿姨哔哩哔哩b站肉片茄子芒果 老阿姨哔哩哔哩b站肉片茄子芒果 | 一本色道久久HEZYO无码| 日韩大片观看网址| 亚洲欧美中文字幕专区| 波多野结衣亚洲一区| 亚洲精品国产手机|