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1 1 (October 19, 2021)

handle is hein.amenin/aeiaedd0001 and id is 1 raw text is: Key Points - i's Si:rificnce to the United oates has never been greater, but the past decade has seen a reurrn gap between US rhetoric about the. regon's importance and actual stra policies, bugC ts, and attentioru To get Amerca back on track n sia, the BIden administration and Congress must orionrtize three urgent course corrections: (I) re-centering Ustategy on the region as a whioe, rather than on China; (2) ernbracing a positive ragional economic agenda; and (3) signifi- cantly increasing o ipomatic and military resources devotec to the region. 'his aummrun marks the ith anniversary of the Earack Obtama administration's announcement of the United t ates' fansos pivot to Asi in high-profile November zon speech in Canberra, stralia, then-President bama staee, ,After a decade in vhih we fought two wars that cost us dearly, i blood and treasure, the United States is turning our attention to the vast potential of the Asia Pacific region. Several weeks earlier, in a widely discussed. article titled America's Pacific Century, thein-Secretary of State Hillary Clinton asserted, In Asia, they ask whether we are really there to stay, whether we are likely to be distracted again by events esewhere. whether we can make-and keep-credi- ble economic and strategiu commitments, and whether we can back those commit- ments with action. The answer is: we can, and we xil, A decade, two administrations, and five Con- gresses later, the same questions are neing asked about the seriousness and sustainabiity of S eco- nomic and strategic commitments to Asia. But despite some important accomplish ets, the reality of the past ia years has been sobering. To many in the regon, American answers to these questions arc less convincing today than they were a decade ago. Th:-is is especially infortunate because Asia's hnportance to the United States has never been greater. Since zoii, the region has become more wealthy, populous, militarily powerful, economi- cally integrated, globally engaged, and influential. China's rise is only part of the story Economically, Asia is home to rn:re than half the world's copula- tion and gross domestic product, four of the world's five largest economies, and five of Amer- ica's top eo trading partners, Security-wise, it con- tains five US treaty allies, even more key security partners, and numi}erous military flash points, By 2030, Asia will contribute the majority of global grrowth and. over go percent of the global middle

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