Bonds, Currencies, Emerging Markets, Frontier Markets, Stocks

America’s Global Balancing Act – Zbigniew Brzezinski

By Zbigniew Brzezinski
Project Syndicate

With Russia’s invasion of Ukraine and annexation of Crimea, the disintegration of Iraq’s and Syria’s borders, and increasing Chinese assertiveness in the South and East China Seas, the post-Cold War era appears to have ended in 2014. Is that true?

Former National Security Adviser Zbigniew Brzezinski testifies before the Senate Foreign Relations Committee on Capitol Hill in Washington

The post-Cold War era was not really an “era,” but rather a gradual transition from a bilateral Cold War to a more complex international order that still involves, in the final analysis, two world powers. In brief, the decisive axis of the new order increasingly involves the United States and the People’s Republic of China. The Sino-American competition involves two significant realities that distinguish it from the Cold War: neither party is excessively ideological in its orientation; and both parties recognize that they really need mutual accommodation.

America’s supposed “pivot to Asia” took a back seat in 2014 to the crises in Ukraine and the Middle East. To what extent has uncertainty about the US commitment in Asia stoked tension between China and America’s Asian allies?

I disagree with the premises of the question. I do think America has made it quite clear that it is in the interest both of America and China to avoid situations in which they will be pushed toward a collision. The recent indications of some initial dialogue between China and India, and between China and Japan, suggest that China also realizes that escalating old grievances is not in its interest. The more serious problem with the “pivot to Asia” was its actual wording, which implied a military posture designed to “contain” or “isolate” China. The Chinese have come to realize more clearly that we were not deliberately attempting to isolate them, but that we had a stake in the avoidance of collisions in the Far East that could produce a wider spillover.

Read more from Project Syndicate


Zbigniew Brzezinksi, a former US National Security Adviser, is Professor of American Foreign Policy at Johns Hopkins University.

This material is reproduced with the prior written consent of Project Syndicate. For more information on Project Syndicate, visit http://www.project-syndicate.org/

About ETFalpha

Chief ETF Strategist & Co-Founder at EMerging Equity

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow Us On Social Media

Google Translate

Like Us On Facebook

Our Discussion Groups

Facebook Group
LinkedIn Group

Follow EMerging Equity on WordPress.com

Our Social Media Readers

Digg
Feedly
Follow

Get every new post delivered to your Inbox.

Join 257 other followers

%d bloggers like this: