It has become fashionable to say that the world after the Cold War has moved beyond the age of power politics to the age of geoeconomics. Such clichés reflect narrow analysis. Politics and economics are connected. International economic systems rest upon international political order.
Consider East Asia 20 years ago. The United States was withdrawing from Vietnam, and many observers predicted that widespread instability would follow a broader American withdrawal from the region. Compare those gloomy predictions with the stable and prosperous East Asia of today.
There are a number of reasons for East Asian prosperity, including high savings rates and successful macroeconomic policies. But among the important and often neglected reasons for East Asia's success are American alliances in the region and the continued presence of substantial U.S. forces. Our national interests demand our deep engagement in the region. We back up that engagement with our steadfast commitment
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