Word: asia
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Dates: during 2010-2019
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...Voters last year tossed out the Liberal Democrats, who had governed almost uninterrupted since 1955. The new sheriff in town is Prime Minister Yukio Hatoyama of the Democratic Party of Japan. He's at least talking new ideas: reforming the government, improving the social safety net, cozying up to Asia. But his options are constrained by the mess built up over two decades of inaction. He's confronting an unsustainable fiscal position and an economy with deteriorating competitiveness. Perhaps America's political leaders should ask Hatoyama for some advice. Don't wait, he might say, or you could turn Japanese...
...Indonesians consider Barry Soetoro, as he was once known by his Indonesian stepfather's surname, an honorary citizen. But even as Obama takes a trip down memory lane (followed by a visit to Australia), the fate of his boyhood likeness underscores his, and America's, growing image problem across Asia. Soon after Jakarta city workers used the cover of darkness to relocate the young Barry's statue, top U.S. diplomatic envoys were in Beijing to repair foundering relations with the world's third largest economy. Meanwhile, Japan, the world's No. 2 economy, has been calling for a more "equal...
...Asia Asia's increasingly assertive leaders are demanding that the U.S. recognize the continent's growing economic and geopolitical clout. Many feel that Obama, despite his personal ties to Asia, isn't giving the region the respect it feels it merits. An editorial in the Bangkok Post - the leading English-language daily in Thailand, a nation that is usually dependably pro-American - summed up the prevailing sentiment: "Mr. Obama's promises about restoring U.S. interest in Asia ... have proved so far to be more talk than substance...
...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...
...Obama has spoken persuasively about Asia's significance. Last November, on his first visit to the continent as President, Obama vowed to address a perception that the George W. Bush Administration had overlooked Washington's Pacific allies. "I want every American to know that we have a stake in the future of this region," Obama said in Tokyo, "because what happens here has a direct effect on our lives at home." But since then the Obama Administration has dropped the ball on promoting U.S.-Asia trade, neglecting to implement regional free-trade pacts. "We do hope that [Obama's Asia...