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...idea that American-style free-market economics represents a universal and ideal economic order." "The influence of the U.S. is declining," Hatoyama wrote, in a "new era of multipolarity," and he went so far as to propose something like a European Union - with a single currency, no less - in East Asia. It is enough to make one wonder how well founded the U.S.-Japan relationship really is, and how resilient to a changing global environment it is likely...

Author: /time Magazine | Title: Rethinking an Alliance | 9/21/2009 | See Source »

...aircraft carriers and boost its own submarine fleet far outstrip that of New Delhi. India has expanded defense contacts and exchanges with a host of strategic Indian Ocean countries and archipelago nations such as Mauritius, Seychelles, Madagascar and the Maldives as well as engaged in naval exercises with other East Asian and Southeast Asian nations that are wary of China's growing stature, such as Japan and Vietnam. But China also maintains solid relationships with many of these countries - ties that, in most cases, bind far tighter and offer much more than what poorer India can muster...

Author: /time Magazine | Title: India's China Panic: Seeing a 'Red Peril' on Land and Sea | 9/20/2009 | See Source »

...amenable to - it has hit the same notes that the Bush administration did. Only after a verifiable disabling of Pyongyang's nuclear program - in return for economic and energy assistance, both part of the 1994 agreement - would it move on to discussions about "normalizing relations." Diplomatic sources in east Asia say the U.S., in concert with its allies, is now talking about exactly what to put on the table, and in what order, in return for a verifiable halt of the North's nuclear program. For instance, if the North shuts down its production of nuclear weapons, but doesn...

Author: /time Magazine | Title: Talking with North Korea: What Can the U.S. Hope for? | 9/19/2009 | See Source »

...that the North plans a uranium bomb test this autumn.) The Administration will no doubt give negotiations the old college try, one on one, just like Pyongyang wants. But assuming the North is bribeable - and that's a huge assumption - its price for doing a deal now, as the east Asia diplomat acknowledges glumly, "will have gone...

Author: /time Magazine | Title: Talking with North Korea: What Can the U.S. Hope for? | 9/19/2009 | See Source »

...Mahmoud Abbas' insistence that he won't talk to the Israelis unless they halt all construction on territory captured in 1967 (a demand echoed by the U.S.), and Prime Minister Benjamin Netanyahu's offer of only a partial freeze that exempts projects already approved and does not apply to East Jerusalem. The Administration had hoped to cajole Abbas and Netanyahu to join Obama for a meeting on the sidelines of the U.N. General Assembly in New York later this month where they would relaunch direct talks, but right now the differences between the two sides make such an event unlikely...

Author: /time Magazine | Title: U.N. War Crimes Allegation Won't Change Israel's Calculations | 9/17/2009 | See Source »

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