Connect with us

Headline

America’s New Balance Towards Southeast Asia

Last week, Barack Obama was re-elected to serve a second term as president of the United States. President Obama’s first trip abroad since his re-election will be to Southeast Asia

Boris Sullivan

Published

on

Last week, Barack Obama was re-elected to serve a second term as president of the United States. President Obama’s first trip abroad since his re-election will be to Southeast Asia from November 17-20 to attend the East Asia Summit (EAS), the regional grouping of 18 Asian-Pacific nations, including the United States, held in Cambodia’s capital, Phnom Penh.

Loading...

Mr. Obama’s visit will make history as the first time a U.S. president has ever visited Cambodia.

US Secretary of State Hillary Clinton in Cambodia. Photo Credit: U.S. Department of Defense (Flickr)

Underscoring the president’s attendance at the EAS will be his visits to Thailand and Burma (also known as Myanmar). President Obama’s trip to Thailand will commemorate 180 years of uninterrupted diplomatic ties, making it the oldest bilateral relationship the U.S. has with any Asian nation.

Conversely, until recently, U.S. relations with Burma had been one of the prickliest of any country on earth. Despite criticism in human rights circles, President Obama’s trip to Yangon is meant to recognize and encourage the recent democratic reforms that have been taking place in that country after 50 years of harsh military rule.

In 2011, the Obama administration announced that the U.S. needed to make a “strategic pivot” (later rephrased as a “rebalancing”) in its foreign policy, where over the next decade the dynamic will be to downsize the U.S. presence in the Middle East and Afghanistan, and to invest more and pay greater attention to the Asia-Pacific, particularly Southeast Asia.

Southeast Asia’s cumulative economic, political, and demographic weight is growing. With a combined population of more than half a billion people and a GDP of $2 trillion, these countries have embarked on a drive through the Association of Southeast Asian Nations (ASEAN) toward effective regional integration and connectivity by 2015.

In the coming decades, ASEAN nations and other Asian nations – particularly China – will change the shape of the global economy. Asia will not only be the world’s largest producer of goods and services, it will also be the world’s largest consumer of them. Further illustrating its increasing wealth, Asia will soon be home to the majority of the world’s middle class.

via America’s “Rebalance”…Towards Southeast Asia – The Diplomat.

Comments

China

Chinese vote 14 Thai tourism favourites

The 2017 People’s Choice Awards Thailand were based on 3.7 million votes cast during a two-week period.

Avatar

Published

on

Tourism Authority of Thailand announced, Tuesday, the top 14 tourist attractions and activities for Chinese tourists visiting Thailand. (more…)

Loading...

Continue Reading

Banking

Thai baht hits new record high in two years

The Thai baht is one of the best-performing currencies in the region this year, rising about 5% against the dollar.

Olivier Languepin

Published

on

The Thai baht rose to 33.94 baht per USD, a record high in the past two years after the Bank of Thailand (BOT) decided not to take measures to stop the rise of the domestic currency. (more…)

Loading...

Continue Reading

Education

We’ll Live to 100, but Can We Afford It?

As the quality of healthcare has increased during the past century, so too have global life expectancies – but new generations will pay a high price for living longer.

Avatar

Published

on

The world’s six largest pension systems will have a joint shortfall of $224 trillion by 2050, imperiling the incomes of future generations and setting the industrialized world up for the biggest pension crisis in history. (more…)

Loading...

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,001 other subscribers

Latest

Trending