The American Spectator

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At the same time, the People's Republic of China is asserting itself throughout Asia. Although some analysts worry about growing Chinese military strength, Beijing's primary challenge to America in the near- to mid-term, at least, is economic. Warned the U.S.-China Economic and Security Review Commission two years ago: "In the past two years, China has become even more central to regional and global trade, investment, and production patterns." Moreover, added the Commission, "China has linked its growing economic power with strong diplomatic initiatives throughout Asia."

To meet this challenge Washington needs to employ American "soft power" -- access to the world's most important, advanced, and productive economy. It will be years before China's economy surpasses that of the U.S., and decades before that nation's per capita GDP, the best measure of disposable wealth, matches that of America. Still, Chinese influence will inevitably grow throughout East Asia. But the U.S. can respond by using its strengths to engage friendly nations.

Free trade is good economics. It benefits consumers and enlarges business opportunities. It creates a larger market within which poorer nations can prosper. It allows U.S. firms and workers, which remain the most productive on earth, to reach new peoples and countries.

Free trade also is good politics. Especially in Asia, where Washington can no longer take its position for granted. The time to respond is now, before the U.S. finds itself confronting a new geopolitical equal.

topics:
Trade, Economics, Business, Military, Russia, North Korea