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How can Biden win over a still sceptical Asia?


22 February 2021
Author: Editorial Board, ANU
The United States abandoned economic leadership in Asia four years ago. Rather than promote and strengthen the multilateral institutions and frameworks that underpin Asia’s prosperity, the United States under President Trump began systematically undermining them: from the WTO, WHO and Paris Agreement, to military alliances with Japan and South Korea, bilateral trade ties and cooperation in regional forums.
The message that Asian policymakers received was crystal clear: Asia is too reliant on an increasingly unreliable America. The damage from the Trump presidency is likely, sadly, to be permanent.
First, Asian policymakers recognise that Trump was not an accident. He was the product of long-standing deep structural challenges in the US economy and society. Addressing those challenges will be a difficult, long-term proposition. The Democrats winning the White House, House of Representatives and Senate means Biden has m ....

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The AIIB's 2030 strategic agenda | East Asia Forum


29 December 2020
Author: Chris Legg, Melbourne
The Asian Infrastructure Investment Bank’s (AIIB) recently released 10-year Corporate Strategy will provide a much-needed anchor for the Bank’s operations as it seeks to pivot back to core business and away from the focus on members’ emergency COVID-19-related needs.
Multilateral development banks (MDBs) like the AIIB struggle to resist mission creep when under pressure from diverse memberships and ambitious managements. The Corporate Strategy reaffirms some important foundational elements of its purpose. There is a clear focus on infrastructure project financing, albeit with ambition to play a bigger role in assisting project preparation. Provision of policy advice is largely left to others with greater capacity for such dialogue, such as the Asian Development Bank and the World Bank, thereby also managing potential sensitivities regarding the Bank’s largest shareholder. ....

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