Word: asianization
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...smart bombs into the debate on global affairs?an agent provocateur in gentleman's clothing. In the mid '90s, when the U.S. was aflutter with insecurity about how it was losing the global economic race to (believe it or not) Japan, he wrote an essay for Foreign Affairs on "Asian values." At the time it caused a furious discussion among American foreign-policy ?lites about whether there was any difference in "values" between East and West?and, if there was, whose values were better...
...Some of the ground Mahbubani covers is familiar enough, but much is not. One of his arguments is that the loss of trust between the U.S. and the rest of the world started years before George W. Bush invaded Iraq "unilaterally." Mahbubani is particularly astute about how the Asian financial crisis of 1997-98 damaged America's image overseas. He writes, for example, about how disillusioned Thais were when the U.S. did not bail them out after it had bailed out Mexico during a similar currency crisis in 1994. The reason the U.S. spurned Thailand may seem obvious...
...Mahbubani argues that the U.S. and the international institutions it effectively runs (the IMF, for example) always confuse America's own interests with what's good for everyone. This is true no matter who is in power, Mahbubani says. Indeed, the architects of the U.S. response to the Asian financial crisis were then Treasury Secretary Robert Rubin?now practically worshipped in the U.S. as the man behind the Clinton boom years?and Larry Summers, who succeeded Rubin as Treasury Secretary. Devout Bushies they are not, but neither saw the disconnect that to many Thais seemed utterly obvious after the fact...
...said that threat of Avian flu, which has jumped from birds to humans in 10 Asian countries, could prove to be far more deadly than the influenza epidemic that killed half a million...
...said that threat of Avian flu, which has jumped from birds to humans in ten Asian countries, could prove to be far more deadly than the influenza epidemic that killed half a million...