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Book Cover
E-book
Author Wethington, Olin, author

Title A Path to US Leadership in the Asia-Pacific : Revitalizing the Multilateral Financial Institutions / Olin Wethington and Robert A. Manning
Published Washington, D.C. : Atlantic Council, [2016]
©2016

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Description 1 online resource (27 pages) : color illustrations
Contents Executive Summary -- 1. The Relevance of Multilateral Financial Institutions to US Strategic Interests in the Asia-Pacific Region -- 2. Global and Asian Regional Demand for Infrastructure Development: Sources of Capital for Infrastructure Finance: The Landscape -- 3. The Role of Chinese Capital and its Geostrategic Significance: i. China has Become the Dominant Global Development Bank for Infrastructure Finance -- ii. China's Transition to a New Model of Growth -- iii. Geopolitical Assertiveness and the One Belt One Road Initiative -- iv. China-Sponsored Multilateral Financial Institutions -- v. Competition or Cooperation? Collectively, a Formidable Challenge to the US Position in Asia -- 4. US Policy Response: Recommendations for a More Effective US Economic Engagement in the Asia-Pacific Region: Addressing the Backlash Against Globalization -- Recommendations: i. A New Narrative Conveyed Through Public Diplomacy -- ii. New Infrastructure Development Agenda Led by the United States and Like-Minded Country Partners -- iii. Inclusiveness Around High Standards -- iv. New Rules in the Economic Sphere Beyond Trade -- v. Revitalizing Existing Economic institutions: Strengthening the Effectiveness of Multilateral Development Banks -- 5. Recommendations to Strengthen the Effectiveness of Multilateral Development Banks: i. Stronger Mandate on Infrastructure for the MDBs -- ii. Accelerated Movement toward a Private Investment Model, While Continuing Core Reliance on Sovereign Lending -- iii. Innovation and Greater Leverage of Existing Resources within the Sovereign-Lending Model -- iv. Addressing the Enabling Investment Environment -- v. Internal Administrative/Process Efficiencies -- vi. Safeguards Reform -- vii. Internal Governance Reform
Summary "Over the past several decades, the United States has led globally on expansion of a rules-based trade agenda. However, the United States has not had a development agenda of comparable priority. The Bretton Woods economic institutions and the leading regional multilateral development banks (MDBs), which have formed the core multilateral financial architecture since World War II, today face skepticism as to their long-term relevance, particularly in the face of declining US support. This report, A Path to US Leadership in the Asia-Pacific: Revitalizing the Multilateral Financial Institutions, authored by Olin Wethington and Robert A. Manning, focuses on the challenge of revitalizing these institutions on behalf of an economic order aligned with the strategic interests of the United States and its closest Asian allies"--Publisher's description
Notes "November 17, 2016"--Table of contents page
Bibliography Includes bibliographical references
Notes Online resource; title from PDF title page (Atantic Council, viewed December 1, 2016)
Subject Development banks -- Asia -- Finance
Globalization.
International business enterprises.
globalism.
Commerce.
Development banks -- Finance.
Globalization.
International business enterprises.
International economic relations.
SUBJECT United States -- Commerce -- Pacific Area
Pacific Area -- Commerce -- United States
United States -- Foreign economic relations -- East Asia
East Asia -- Foreign economic relations -- United States
United States -- Foreign economic relations -- Pacific Area
Pacific Area -- Foreign economic relations -- United States
Subject Asia.
East Asia.
Pacific Area.
United States.
Form Electronic book
Author Manning, Robert A., author.
Atlantic Council of the United States, publisher, issuing body.
ISBN 9781619774544
1619774542
Other Titles Path to U.S. Leadership in the Asia-Pacific
Path to United States Leadership in the Asia-Pacific