Links: China’s Financial Stability, America’s Asian-Pacific Priorities, and Paul V. Kane’s “Swiftian Satire”

This and the coming week are somewhat busier than originally expected, and I’m also spending some of my time on listening to the news on shortwave, rather than reading online.

But here are some articles and documents I’ve browsed this week…

1. Financial Stability in China: IMF Recommendations

An IMF Financial System Stability Assessment of China, published this month. It’s not as dramatic as some news stories of the past few weeks would suggest, but it describes several near-term risks for China’s financial sector, and recommends a properly composed and timely implemented set of reforms.

2. Will Business in the Asia-Pacific earn America the Means for a Sustainable Military Presence?

Then there’s U.S. president Barack Obama‘s visit to Australia, and the agreement over American access to Australian military bases, and a major enhancement of military cooperation. An article by Raoul Heinrichs, published by The Diplomat , lists three reasons as to why this makes sense for Washington. And an editorial, also in The Diplomat, suggests that an elimination of U.S. military alliances with countries around the region is not likely to happen.

Headlines from the opposite side of this planet are somewhat unusual in the German media, but news magazine Der Spiegel put the military agreement to the top of its online edition last night.

In Canberra, Obama expressed a hope – that the Asia Pacific would play a critical role in creating jobs and opportunity for the American people -, and made a promise (or threat – mark the expression that describes his statement best to you with a cross, King Tubby), or anyone:

As we end today’s wars, I have directed my national security team to make our presence and mission in the Asia Pacific a top priority.  As a result, reductions in U.S. defense spending will not — I repeat, will not — come at the expense of the Asia Pacific.

In short, while American military power is there to stay in the Asia-Pacific region, and much of America’s economic strength as the foundation of [American]leadership in the world, including [..] in the Asia Pacific, is to be earned right in that region.

3. Paul V. Kane’s Op-Ed on Taiwan was Just “Swiftian Satire”

Paul V. Kane‘s op-ed for the New York Times on November 11 was to mix serious issues and facts with irony and Swiftian satire to engage readers and make his points.

Obviously, not every op-ed will make sense, not even when published by the New York Times. Thomas Friedman can be very Swiftian, too, with stuff like, essentially, let’s send China the blue-prints and let them pay for those, and we’ll buy cheap high-tech products from them.

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Related

» Clinton: Taiwan “an Important Partner”, RTI, November 12, 2011
» Creative Destruction or Development, March 15, 2010

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5 Responses to “Links: China’s Financial Stability, America’s Asian-Pacific Priorities, and Paul V. Kane’s “Swiftian Satire””

  1. Was going to let this pass, but hey its the lords day.

    1. As far as the US rebuilding its manufacturing empire. It has gone for good and all the whining in the world by US politicians won’t change the situation one iota.

    2. I totally ignore domestic federal poltics, being of the view that a couple of trained cattle dogs could do an equally good job running the country.

    (And I recommend Inside Al-Qaeda and the Taliban: Beyond Bin Laden and 9/11. Syed Saleem Shahzad Pluto Press 2011, if you want aguments about further wasting western lives in those sinkholes Pakistan and Afganistan.)

    3. This recent extension of the US -Oz military alliance. Hardly surprising, given PRCs seriously negative charisma in the region.

    Crikey, it may even be the case that Burma is leaving the dark side and opting for democracy (of sorts) and all those good things. The military junta may be superstitious and vicious, but they ain’t stupid and can see where the power resides in the regions – the US and a marriage of convenience among strange bed fellows.

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  2. [the US … manufacturing empire .. has gone for good

    Not sure if I’m taking you too literally once again, KT – but without sources of income for all or most American citizens, the U.S. of A. will be gone for good, too. What do you think should replace the manufacturing industry?

    bin-Laden had been dead long before his last resort in Abottabad was raided. The problem with non-fictional books these days is that they have become too opinionated. I wish that once in a while, authors would approach a research project with no idea to which conclusions they will come. The problem probably is that they wouldn’t be deemed “authorities” in such a field.

    Who knows? Maybe some day, I’ll learn Pashto and do my own research. Until then, I’m glad to see that America is paying more attention to the Far East again. If they should forget the Middle East, or if they should only rank it lower on their priority list is a question for another day. Maybe Russia should take care of issues like Iran’s alleged nuke project. If America dropped their role as a “police cop” or “bully” in the Near and Middle East, Russia and China might actually feel compelled to become very active.

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  3. I’ve been totally misrepresented here when put within the context of about 5,000 comments across sites.

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  4. Misrepresented? By JR? The accurate, beautiful blog?

    Like

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