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.

The U.S. position in the global value chain puts it at a disadvantage, and Washington's confrontational policies are making things worse.

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. 

China leverages its market in a form of “predatory liberalism” that weaponizes the networks of interdependence created by globalization. ne response to China’s bullying would be for its targets to form an alliance to retaliate against China’s high-dependence trade should Beijing act against any alliance members. 

Joseph S. Nye argues that history shows that globalization is largely driven by technological changes that reduce the importance of distance, and that will not change.

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.