STOCK MARKET WATCH -- Thursday, 21 February 2013

[xchrom]

27. Washington debates the pivot to Asia

http://www.atimes.com/atimes/Global_Economy/WORLD-01-210213.html

Over the last two years, the Obama administration has executed what the president has termed the "Pivot to Asia" strategy, whereby the United States' global military force posture is being reconfigured to focus on the Asia-Pacific region as Washington's central front.

Movement has been rapid, with Washington expanding its naval exercises with Japan, sending marines to Australia, conducting military exercises in the Philippines with its allies, and supporting the negotiating positions of the Philippines and Vietnam on the dispute over the Spratly Islands in the South China Sea, or what Filipinos now call the West Philippine Sea. Sixty percent of the US Navy's strength has been deployed to the Western Pacific.

Containment of China is the aim of the pivot strategy, which has



drawn criticism from liberal critics of the policy like Robert Ross, a professor of Political Science at Boston University and a China expert. Writing in the November-December issue of Foreign Affairs, Ross acknowledges that China's actions in the South China Sea - including claiming the whole area as Chinese territorial waters - come across as aggressive. However, the pivot, he claims, is based on "a fundamental misreading of China's leadership," which Ross says is now given to "appeasing an increasingly nationalist public with symbolic gestures of force".

For Ross, China's increasingly bellicose rhetoric stems less from expansionist intent than from the insecurities brought about by high-speed growth followed by economic crisis. Long dependent for its legitimacy on delivering economic growth, domestic troubles related to the global financial crisis have left the Communist Party leadership groping for a new ideological justification, which it has found in nationalism. Countering China's rhetoric with a military cordon sanitaire, says Ross, would deepen the "insecurities" of Beijing, heightening the possibility of an outbreak of conflict while losing China's cooperation in managing conflicts such as the crisis in Syria.