The impact of the Trump Administration's Indo-Pacific strategy on regional economic governance

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2019
Authors
Pitakdumrongkit, Kaewkamol Karen
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Honolulu, HI : East-West Center
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The Trump administration's Indo-Pacific regional economic governance strategy addresses trade, investment, and infrastructure development. Its reception by regional states varies by issue area, with infrastructure and investment being positively received, and trade being negatively received. To alleviate policy clashes and lessen the "noodle bowl" effect of overlapping rules and regulations, this paper suggests that American and Asian governments should: (1) immediately pursue collaboration in the areas of investment and infrastructure; (2) advance investment cooperation via capacity training and investment treaty consolidation; (3) enhance infrastructure collaboration via the Better Utilization of Investments Leading to Development Act of 2018 (or BUILD Act of 2018), joint ventures, public-private partnerships, and capacity training; (4) push forward trade cooperation via formal and Track 2 (informal networks) dialogue to facilitate a policymaking process; and (5) encourage more inter-bloc dialogue.
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Keywords
United States - Foreign economic relations - Asia, United States - Foreign economic relations - Pacific Area, Pacific Area - Foreign economic relations - United States, Asia - Foreign economic relations - United States, United States - Foreign economic relations - Indo-Pacific Region, Indo-Pacific Region - Foreign economic relations - United States
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xii, 51 p.
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