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- The region accounts for nearly 60% of global economic growth, and U.S. exports to Asia create more jobs than any other region of the world. It is home to five U.S. treaty allies and critical security partners such as Taiwan. It also is home to potential threats from a nuclear North Korea and an ascendant China.
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To sustain U.S. power and influence in Asia, the Biden administration should enhance economic engagement with the region — particularly in Southeast Asia, which has become a hotbed of strategic...
Sep 22, 2023 · Asia’s economies were the great beneficiaries of a globalizing world. Asia has capitalized on the defining trends of the past three decades: deepening global connections, rapid digital adoption, and broadening urbanization and capitalization.
Sep 21, 2023 · Millions of Asians escaped poverty by making stuff; many grew prosperous. Now the region’s economic model is shifting again, with consequences for Asia and for the world.
- Be Asia Relevant
- Rethink The Asian Operating Model
- Protect from and Prepare For Risks
- Forge Stronger Intraregional Collaboration
Firms in Asia and around the world need to consider how to make their business relevant to the world’s largest regional economy, but aspirations and strategy need to be nuanced to reflect different Asian flows, some of which are already global in terms of scale and highly intraregional while others remain relatively underdeveloped. Companies that a...
Asia is a diverse region with complementary characteristics. Firms need to understand the nuances of differences within the region—even down to the level of individual cities—when developing their Asian operating models. They could consider how to unlock opportunities arising from the complementary characteristics of the four Asias through new part...
To make the most of Asia’s growing scale and importance in the world economy, there needs to be a collective effort to sustain growth. Decision makers therefore need to respond to a range of risks including environmental pressures for instance, and fill skills gaps. Asian governments also need to enhance their institutional capabilities.
As Asia continues to integrate, the question is how to build collaboration. The region is not without its political and territorial conflicts, and needs to evolve dispute resolution mechanisms to resolve them. Leaders also should consider how to develop stronger relationships beyond trade—in knowledge, data, and people flows, for instance.
Oct 17, 2019 · Economic openness has performed a critical supportive role in Asian development, wherever it was in the form of strategic integration with the world economy, rather than passive insertion into it.
- Deepak Nayyar
May 26, 2022 · May 26, 2022. Credit: Official White House photo. On his Asia trip, U.S. President Joe Biden announced on Monday that Japan, India and 10 other countries have committed to join the U.S.-led...
