Geoeconomics vs. Geopolitics: Implications for Asia and the U.S.-Australia Alliance

The U.S. Studies Center at the University of Sydney | August 21, 2012 | By Devesh Kapur and Manik Suri

Asia is witnessing a growing divergence between “geoeconomics” and “geopolitics,” centered around China. While China offers unparalleled near-term economic opportunities, cumulative decisions taken by thousands of American, Japanese, Taiwanese, and Korean firms are ironically helping to build these countries’ most formidable strategic competitor. Beijing’s growing competitiveness – and assertiveness – are forcing Asian nations to hedge against the risks created by deepening economic networks binding the region together. Read the full piece here. (Forthcoming as a chapter in the Oxford Handbook of the Economics of the Pacific Rim)

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