22 February 2021
Author: Editorial Board, ANU
The United States abandoned economic leadership in Asia four years ago. Rather than promote and strengthen the multilateral institutions and frameworks that underpin Asia’s prosperity, the United States under President Trump began systematically undermining them: from the WTO, WHO and Paris Agreement, to military alliances with Japan and South Korea, bilateral trade ties and cooperation in regional forums.
The message that Asian policymakers received was crystal clear: Asia is too reliant on an increasingly unreliable America. The damage from the Trump presidency is likely, sadly, to be permanent.
First, Asian policymakers recognise that Trump was not an accident. He was the product of long-standing deep structural challenges in the US economy and society. Addressing those challenges will be a difficult, long-term proposition. The Democrats winning the White House, House of Representatives and Senate means Biden has more room to man
Biden has brief window to fix worldâs broken institutions
For the first time in more than 10 years, a US administration has an opportunity to lead reform and create new rules where there are none today.
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Former US president Donald Trump was right about one thing: many of the worldâs international institutions are flawed.
His arguments as to why were usually wrong, often veiled attempts to find a scapegoat for his own domestic woes. His response to those institutional flaws was worse. Like the kid who takes their ball and goes home, Trumpâs approach was to run away, not pursue reform.
Biden s brief window to fix the world s broken institutions eastasiaforum.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastasiaforum.org Daily Mail and Mail on Sunday newspapers.
Annual Accounts 2020
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