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Introduction Introduction
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Theorizing International Order Theorizing International Order
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Measuring Asian Order Measuring Asian Order
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A US-China-Japan Triangle A US-China-Japan Triangle
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Looking into the Future Looking into the Future
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10 A Moderate Phase Transition from Order to Disorder in Asia: The Political Economy of the US-China-Japan Strategic Triangle
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Published:January 2022
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Abstract
This chapter analyzes the current political-economic climate in Asia, which is currently experiencing a moderate phase transition defined as a qualitative change of form. If order is defined in terms of stability, Asia is doing well from a historical and comparative perspective. But tensions in the region have increased as a result of a more assertive China, which has caused self-fulfilling security concerns for the immediate and midterm future of the region. If we define order by the embedded social and political purposes, then the current Asian order was challenged by the “America First” approach of the Trump administration which rejected the fundamental principles of the US-created liberal international order. Liberal order is only one element of the Asian international system that is competing or interacting with the other elements that constitute the system. Through the lens of political economy, the chapter explains the asymmetrical game played by much of Asia that is neither truly liberal or free-market oriented and the backlash toward globalization in the United States due to an enlarging gap in income, wealth and opportunity. This chapter recognizes how the policy communities and general public perceive the changes in their own country, the region and the world during this critical juncture partly constitutes international order. Therefore, the chapter examines perceptions, strategic calculations and the behavior of the US-China-Japan triangle as an important component of the Asian international system. Judging by recent events, Asia is likely to become less orderly and less liberal than before, but still more stable than other regions in the world.
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