Asia & the Pacific

Stephen Walt writes that those who favor foreign policy restraint believe the United States should trade and invest in other countries, encourage other states to do the same, and be open to managed immigration instead of building walls in a fit of xenophobia.

In this deeply personal book, Joseph Nye shares his own journey living through the American century.

Joseph Nye argues that while former US President Donald Trump and Chinese President Xi Jinping each played important roles in ending Sino-American engagement, the death of the policy started with the 2008 global financial crisis. That is when Chinese elites concluded that America was in decline, and that China need no longer bide its time.

Americans have long seen their country as morally exceptional, but their exceptionalism actually comprises three distinct views. Whichever prevails in next year's presidential election will have significant implications for ongoing conflicts in Europe, Asia, and the Middle East.

Power transitions affect a state’s ability to exercise economic statecraft. As a dominating and a rising power approach parity, they face structural incentives to decouple their economies. This decoupling affects business-state relations: high-value businesses within the dominant power tend to oppose their state’s economic statecraft because of its costs to them, whereas low-value businesses within the rising power tend to cooperate because they gain from it. 

This paper addresses the question of how the Chinese party-state chooses to exercise its economic, financial, diplomatic, military and soft power in the next 25 years will make a great difference to US national security and foreign policy, and to developments in the rest of the world. The paper makes three key points:

The core argument of this paper is that Beijing will likely aspire to pursue an empire-like position globally, not just seek an Asia-Pacific sphere of influence, and that this aspiration will founder. Achieving an empire-like position is both an imperative and is infeasible. The tensions between goal and reality will likely characterize China’s role in the world in coming decades and will be central to the difficulties of US-China relations. Second, there is heuristic value for US policymakers and analysts to consider a 20-year outlook on the rise of China that encompasses China’s pursuit of a global empire-like position. Third, paying close attention to how Beijing organizes its own government, corporate, and non-governmental organizations to seek an empire-like position will provide important signposts emerging tension and trends.

The incursion in January of a Chinese spy balloon into U.S. airspace seemed to many observers like a bad miscalculation by Beijing. U.S. Secretary of State Antony Blinken had been scheduled to travel to China the following month, but the balloon incident led to the scrapping of the much-anticipated visit. Chinese leader Xi Jinping almost certainly would have preferred to see diplomacy proceed as planned. It is likely that he would not have sanctioned this operation had he known its consequences. If he believed that the United States would simply overlook the incursion, he was clearly mistaken.

Stephen Walt argues that prudent states should not assume that a norm against conquest will suffice to protect them; adequate hard power, shrewd diplomacy, and reliable allies are better—if still imperfect—guarantees.

Stephen Walt argues that in a multipolar world, the United States will be in an ideal situation to play the other major powers off against each other, and it can let its partners in Eurasia bear more of the burden of their own security. 

David C. Logan and Robert C. Watts IV respond to Isaac B. Kardon and Wendy Leutert's spring 2022 article, "Pier Competitor: China's Power Position in Global Ports."