Word: asean
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...Asia matters for America. China is the third biggest consumer of American goods, after Canada and Mexico. The No. 4 spot belongs to the Association of Southeast Asian Nations (ASEAN), the 10-nation bloc that was founded, with American prodding, as a bulwark against communism in the 1960s. China's economic resilience (8.7% GDP growth in 2009) helped the U.S. and other developed nations avoid even worse pain from the global financial crisis. The only other major economies that posted decent growth in an otherwise dismal year? India and Indonesia. Asia, in other words, thinks it is shoring...
...Further south, China has surpassed the U.S. as ASEAN's third largest partner in commerce after the E.U. and Japan. The Southeast Asian club has signed trade pacts with Japan, India, South Korea and, most importantly, China, paving the way for a regional economic bloc that could rival the E.U. Note that the U.S. isn't involved. "If we are closer to China now, it is only because the U.S. has neglected us," says Kavi Chongkittavorn, a Thai columnist who writes about foreign affairs. Wirjawan, the head of the Indonesian investment board, jokes that, "If I want to get Americans...
...world but also the main source of aid for developing countries. Thus, the criticism that Europe is too preoccupied with itself is both shallow and unfair. On the contrary, Europeans are busy creating a model that is internationally relevant, especially for Asian countries and groupings. Some, such as ASEAN, are watching the European experiment very closely. (Read: "Europe's Errors" by Kishore Mahbubani...
Asia matters for America. After Canada and Mexico, China is the third biggest consumer of American goods, followed by the Association of Southeast Asian Nations (ASEAN), the 10-country bloc that under U.S. prodding was founded in the 1960s as a bulwark against communism. The global recovery from the Great Recession has been led by China, India and Indonesia. Asia would like to see its efforts appreciated...
Obama's trip will offer a challenge to the new top dog in Asia. China is now a larger trading partner of both Japan and ASEAN than the U.S. is, and the pace of U.S. investment in Southeast Asia has slowed in recent years. "If we are closer to China now, it is only because the U.S. has neglected us," says Kavi Chongkittavorn, a columnist for the Nation, a Thai newspaper. The rivals for the region's affections are not getting along. In recent weeks, China has attacked Obama for approving arms sales to Taiwan and meeting with the Dalai...