Abstract

The regional political and economic order in East Asia1 has undergone a significant transformation since the end of the Cold War. One of the most important changes is China's growing clout and influence in this region. Several important factors contribute to this development: China's rapid and sustained economic growth (on average 9 percent per year over the past two decades), Japan's relative decline as a result of its decade-long recession, the 1997-98 Asian Financial Crisis that decimated several high-flying Asian economies, and the stretching-thin of the United States' military resources and political capital due to the war on terror, the daunting task of rebuilding Iraq, and the challenge posed by a nuclear North Korea.

Document Type

Book Chapter

Publication Date

2005

Publisher Statement

"The Logic of China-ASEAN FTA: Economic Statecraft of 'Peaceful Ascendancy'", by Vincent Wei-cheng Wang first appeared in Southeast Asia and China: Global Changes and Regional Challenges edited by Ho Khai Leong and Samuel Ku 2005, pp. 17-41. Uploaded here with the kind permission of the publisher, Institute of Southeast Asian Studies, Singapore http://bookshop.iseas.edu.sg

Please note that downloads of the book chapter are for private/personal use only.

Purchase online at Institute of Southeast Asian Studies.

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