Asia's Cauldron

The South China Sea and the End of a Stable Pacific

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Author: Robert D. Kaplan

Publisher: Random House Trade Paperbacks

ISBN: 0812984803

Category: History

Page: 225

View: 6769

oEurope is a landscape; East Asia is a seascape.o Thus begins the first chapter of Asia's Cauldronand thus does renowned travel writer and foreign policy expert Robert D. Kaplan draw the line between European conflicts and the geopolitical struggles of the future. Kaplan explains Chinese dominance over the body of water that multiple countries claim and exposes the underreported military buildup in the region. As he describes the conflicting interests that are heating up in East Asia, Kaplan interprets America's interests and responsibilities to Asian allegiances in the context of a more dominant China. Asia's Cauldronis sure to become required reading for Asia watchers and general readers alike.

Asia's Cauldron

The South China Sea and the End of a Stable Pacific

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Author: Robert D. Kaplan

Publisher: Random House

ISBN: 0812994337

Category: Political Science

Page: 256

View: 5218

NAMED ONE OF THE BEST BOOKS OF THE YEAR BY FINANCIAL TIMES From Robert D. Kaplan, named one of the world’s Top 100 Global Thinkers by Foreign Policy magazine, comes a penetrating look at the volatile region that will dominate the future of geopolitical conflict. Over the last decade, the center of world power has been quietly shifting from Europe to Asia. With oil reserves of several billion barrels, an estimated nine hundred trillion cubic feet of natural gas, and several centuries’ worth of competing territorial claims, the South China Sea in particular is a simmering pot of potential conflict. The underreported military buildup in the area where the Western Pacific meets the Indian Ocean means that it will likely be a hinge point for global war and peace for the foreseeable future. In Asia’s Cauldron, Robert D. Kaplan offers up a vivid snapshot of the nations surrounding the South China Sea, the conflicts brewing in the region at the dawn of the twenty-first century, and their implications for global peace and stability. One of the world’s most perceptive foreign policy experts, Kaplan interprets America’s interests in Asia in the context of an increasingly assertive China. He explains how the region’s unique geography fosters the growth of navies but also impedes aggression. And he draws a striking parallel between China’s quest for hegemony in the South China Sea and the United States’ imperial adventure in the Caribbean more than a century ago. To understand the future of conflict in East Asia, Kaplan argues, one must understand the goals and motivations of its leaders and its people. Part travelogue, part geopolitical primer, Asia’s Cauldron takes us on a journey through the region’s boom cities and ramshackle slums: from Vietnam, where the superfueled capitalism of the erstwhile colonial capital, Saigon, inspires the geostrategic pretensions of the official seat of government in Hanoi, to Malaysia, where a unique mix of authoritarian Islam and Western-style consumerism creates quite possibly the ultimate postmodern society; and from Singapore, whose “benevolent autocracy” helped foster an economic miracle, to the Philippines, where a different brand of authoritarianism under Ferdinand Marcos led not to economic growth but to decades of corruption and crime. At a time when every day’s news seems to contain some new story—large or small—that directly relates to conflicts over the South China Sea, Asia’s Cauldron is an indispensable guide to a corner of the globe that will affect all of our lives for years to come. Praise for Asia’s Cauldron “Asia’s Cauldron is a short book with a powerful thesis, and it stands out for its clarity and good sense. . . . If you are doing business in China, traveling in Southeast Asia or just obsessing about geopolitics, you will want to read it.”—The New York Times Book Review “Kaplan has established himself as one of our most consequential geopolitical thinkers. . . . [Asia’s Cauldron] is part treatise on geopolitics, part travel narrative. Indeed, he writes in the tradition of the great travel writers.”—The Weekly Standard “Kaplan’s fascinating book is a welcome challenge to the pessimists who see only trouble in China’s rise and the hawks who view it as malign.”—The Economist “Muscular, deeply knowledgeable . . . Kaplan is an ultra-realist [who] takes a non-moralistic stance on questions of power and diplomacy.”—Financial Times From the Hardcover edition.

Asia's Cauldron

The South China Sea and the End of a Stable Pacific

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Author: Robert D. Kaplan

Publisher: Random House Incorporated

ISBN: 9780812994322

Category: History

Page: 225

View: 1872

A well-respected travel writer and foreign policy expert, explaining Chinese dominance over the South China Sea, reveals the conflicts brewing between the nations surrounding the body of water that multiple countries claim and what they could mean for the United States.

The South China Sea

The Struggle for Power in Asia

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Author: Bill Hayton

Publisher: Yale University Press

ISBN: 0300189540

Category: History

Page: 320

View: 6854

China’s rise has upset the global balance of power, and the first place to feel the strain is Beijing’s back yard: the South China Sea. For decades tensions have smoldered in the region, but today the threat of a direct confrontation among superpowers grows ever more likely. This important book is the first to make clear sense of the South Sea disputes. Bill Hayton, a journalist with extensive experience in the region, examines the high stakes involved for rival nations that include Vietnam, India, Taiwan, the Philippines, and China, as well as the United States, Russia, and others. Hayton also lays out the daunting obstacles that stand in the way of peaceful resolution. Through lively stories of individuals who have shaped current conflicts—businessmen, scientists, shippers, archaeologists, soldiers, diplomats, and more—Hayton makes understandable the complex history and contemporary reality of the South China Sea. He underscores its crucial importance as the passageway for half the world’s merchant shipping and one-third of its oil and gas. Whoever controls these waters controls the access between Europe, the Middle East, South Asia, and the Pacific. The author critiques various claims and positions (that China has historic claim to the Sea, for example), overturns conventional wisdoms (such as America’s overblown fears of China’s nationalism and military resurgence), and outlines what the future may hold for this clamorous region of international rivalry.

The South China Sea: Challenges and Promises

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Author: James Borton

Publisher: Xlibris Corporation

ISBN: 1503537374

Category: Political Science

Page: 184

View: 2534

The world knows there are troubled waters in the South China Sea. This vital sea has long been regarded as a major source of tension and instability in Asia. The tense geopolitical standoff between China and Vietnam continues to create confusion for many observers since both nations invoke both history and international law to justify their respective claims of sovereignty. The complex and deeply rooted relationship of these two nations and their prominently argued issues over atolls, oil rigs, exclusive economic zones (EEZs), freedom of navigation, military surveillance, security interests, unexplored vast oil and gas reserves, and fisheries has only succeeded in forging a closer tie between two former enemies: the United States of America and the Socialist Republic of Vietnam.

Monsoon

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Author: Robert D. Kaplan

Publisher: ReadHowYouWant.com

ISBN: 145960542X

Category:

Page: 652

View: 4319

For much of the twentieth century, Europe dominated global attention. Two world wars were won and lost on its battle fields, and the great ideological struggles of the Cold War were played out in its cities. The Atlantic Ocean was the locus of international power. This is no longer the case, as bestselling author Robert D. Kaplan deftly proves in Monsoon. He shows how the rise of India, Pakistan, China, Indonesia, Burma and Oman, among others, represents a crucial shift in the global balance of power. It is in 'Monsoon Asia' that the fight for democracy, energy independence and religious freedom will be lost or won. It is here that European interests are being replaced by Chinese and Indian influences, and where the often tense dialogue is taking place between Islam and the West. It is towards this region that global powers need to shift their focus if they are to remain dominant in the new century.

Regional Disorder

The South China Sea Disputes

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Author: Sarah Raine

Publisher: Routledge

ISBN: 1351224042

Category: History

Page: 228

View: 4235

China?s rise casts a vast and uncertain shadow over the regional balance of power in the Asia Pacific, and nowhere is this clearer than in the South China Sea. The significance of the fraught territorial disputes in this potentially resource-rich sea extends far beyond the small groupings of islands that are at their heart, and into the world of great-power politics. As the struggle for hegemony between the US and China intersects with the overlapping aspirations of emerging, smaller nations, the risk of escalation to regional conflict is real. Christian Le Mi? and Sarah Raine cut through the complexities of these disputes with a clear-sighted, and much-needed, analysis of the assorted strategies deployed in support of the multiple and competing claims in the SCS. They make a compelling case that the course of these disputes will determine whether the regional order in Southeast Asia is one of cooperation, or one of competition and even conflict.

The Revenge of Geography

What the Map Tells Us About Coming Conflicts and the Battle Against Fate

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Author: Robert D. Kaplan

Publisher: Random House Incorporated

ISBN: 1400069831

Category: Political Science

Page: 403

View: 9486

The best-selling author of Balkan Ghosts presents a timely and provocative response to The World Is Flat that draws on the insights of leading geographers and geopolitical thinkers to present a holistic interpretation of the next cycle of conflict throughout Eurasia that considers such topics as European debt, Chinese power and the role of Iran.

Fire on the Water

China, America, and the Future of the Pacific

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Author: Robert Haddick

Publisher: Naval Institute Press

ISBN: 0870210602

Category: History

Page: 288

View: 4393

The main theme of Fire on the Water is that conventional measures of military balance, employed by both the general public and many policy experts, underestimate the threat that China’s military modernization poses to the U.S. position in the Asia-Pacific region. Within a decade, China’s leaders will have the military power to hold at risk U.S. interest in East Asia. The U.S. needs to fashion a new and competitive strategy, one that better matches the strengths of the U.S. and its allies against China’s vulnerabilities, in order to maintain a balance of power in the region and convince China’s leaders to pursue a cooperative course. It is not obvious to many observers why a conflict in the region is plausible, or why the U.S. should bear the responsibility for maintaining a forward military presence in the region. China has rapidly emerged as a great power and by doing so, has acquired many vital interests around the world. Following the pattern set by other such episodes in history, China is also acquiring the military means to protect its new interests, a development that puts at risk the interests of China’s neighbors and the United States. The U.S. forward military presence in the region is an increasingly difficult burden to sustain. But in the long run, this approach will be less costly and less risky than encouraging China’s neighbors to balance China by themselves, an alternative that will very likely result in an unstable arms race and a conflict that will damage America’s interests. While it will be in America’s interest to maintain its position in the Asia-Pacific region, China’s military modernization is making it much more difficult for the U.S. to do so. China’s military strategy, centered on its rapidly-expanding land-based and anti-ship missile forces, is exploiting weaknesses in long-standing U.S. force structure and doctrine. Due to a variety of institutional barriers, the U.S. has been slow to adapt to China’s military modernization. Current efforts to respond are impractical, in that they expend U.S. resources against China’s strengths rather than its vulnerabilities. The U.S. needs a new and competitive strategy that will strengthen its alliances in the region and convince China’s leaders that cooperation, rather than military expansion and an attempt at regional hegemony, will be China’s best course. Fire on the Water proposes reforms to U.S. diplomacy, military programs, and strategy that will offer a better chance at preserving stability. The goal of these reforms is to thwart China’s well-designed military modernization plan, bolster the confidence and credibility of U.S. alliances in the region, and thus persuade China’s leaders that China’s best course is cooperation rather than conflict, the outcome that has usually occurred in history when a new great power has rapidly emerged.

The Return of Marco Polo's World

War, Strategy, and American Interests in the Twenty-first Century

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Author: Robert D. Kaplan

Publisher: N.A

ISBN: 0812996798

Category: HISTORY

Page: 280

View: 1522

A bracing, ground-level assessment of American foreign policy over the past two decades, an era that includes 9/11, the wars in Afghanistan and Iraq, the rise of Putin's Russia, increased Chinese aggression, the potential for war in North Korea, and more. ANCHORED BY A MAJOR NEW ESSAY ABOUT CHANGING POWER DYNAMICS AMONG CHINA, EURASIA, AND AMERICA, which Kaplan wrote for the Pentagon's Office of Net Assessment, and which is now released for public view. Drawing on decades of firsthand experience as a foreign correspondent and military embed for The Atlantic,and deep reading that ranges from the lessons of Thucydides and Sun Tzu to contemporary outcomes in the Middle East, Robert D. Kaplan makes a powerful case for what timeless principles and factors should shape America's role in the world- a respect for the limits of Western-style democracy; a delineation between American interests versus American values; an awareness of the psychological toll of warfare; a projection of military power via a strong navy; and much more. In a series of vivid and clear-eyed assessments, renowned foreign policy analyst Kaplan describes an increasingly unstable world-and how American strategy should adapt accordingly. Advance praise for The Return of Marco Polo's World oWhen it comes to geopolitics and the analysis of world affairs, Robert D. Kaplan is the best in the business. These essays are not only astonishing in their breadth, depth and range, but beautifully crafted and accessible.o-John Bew, professor at the war studies department, King's College London, author of Realpolitik- A Historyand Castlereagh- A Life oA characteristically thoughtful and provocative collection of essays from Robert D. Kaplan, born of his own Marco Polo-like wanderings and rich grasp of history. Elegant and compelling, these prescient pieces are a valuable guide to the endlessly complicated geopolitics of Eurasia, and what it all means for Americans in the decades ahead.o-Ambassador William J. Burns, president, Carnegie Endowment for International Peace and former deputy secretary of state oRobert D. Kaplan has long been one of the most unrelenting realistic commentators on the rough, mean, conflictual world disorder that has evolved since the Cold War. This compelling collection of essays on prospects for war and peace distills his insights on a wide range of crucial issues, events, and personalities. He provides a compelling antidote to the facile optimists in the ethnocentric western intelligentsia. Read it with a stiff drink in hand, but be ready to be excited.o-Richard K. Betts, director of the Saltzman Institute of War and Peace Studies, Columbia University

The South China Sea

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Author: C. J. Jenner,Tran Truong Thuy

Publisher: Cambridge University Press

ISBN: 1107081424

Category: History

Page: 382

View: 8988

The South China Sea has long been a source of conflict and represents a core contemporary security issue in the Asia-Pacific region. This book offers an empirical analysis of the global ocean's most contested maritime territory, the South China Sea and its agents of contest.

New Dynamics in East Asian Politics

Security, Political Economy, and Society

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Author: Zhiqun Zhu

Publisher: A&C Black

ISBN: 1441166211

Category: Political Science

Page: 368

View: 4081

Using a comparative and thematic approach, this textbook looks at key aspects of the new dynamics in East Asian politics: security, political economy and society.

Great Powers, Grand Strategies

The New Game in the South China Sea

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Author: Anders Corr

Publisher: Naval Institute Press

ISBN: 1682472361

Category: History

Page: 336

View: 4372

This book focuses on grand strategic approaches to the South China Sea dispute by major powers in the region -- those capable of projecting force to the South China Sea and abroad. It explores international dimensions of the South China Sea dispute, and how military, diplomatic, and economic strategies of global actors have both contributed to solutions and exacerbated conflict. Key international organizations and major powers have their own chapters, including China, the United States, the Association of Southeast Asian Nations (ASEAN), the European Union (EU), Japan, India, Australia, and Russia. The book is unique in the existing literature in that it provides an all-encompassing, interconnected, and theoretical explanation of major powers involved in the South China Sea conflict. Grand strategy -- which includes not only military, but economic, political, and diplomatic strategies, is addressed in the volume as a whole. Authors seek to put the grand strategies of the major powers into analytic juxtaposition to determine likely outcomes of, and optimal major power strategies for, the South China Sea conflict over time. The volume focuses on the deeper aspects of grand strategy and history, not customarily in the daily news coverage of incidents-at-sea and negotiations. The South China Sea Conflict has been ongoing since at least 1909, when the Qing sent a German-guided ship on a two-day voyage to the Paracels to fire cannon and claim the area. The two major adversaries -- China and the U.S. (plus allies), are in a long-term stalemate with incremental changes and frequent outbursts of brinkmanship. Occupation and economic activities in foreign exclusive economic zones (EEZs) increased substantially in the 1980s, and are the basis of a conflict that will likely persist for the next 10-20 years. Country-specific specialists are in discussion with one another between the covers of this book, in order to better understand the strategies of major players and their likely outcomes. One cannot understand the South China Sea dispute without understanding the interaction of grand strategies, and that requires consideration of military, diplomatic, and economic aspects of the conflict across all major powers. This book provides that comparative strategic analysis of the dispute that is required to make progress towards its solution.

Red Star Over the Pacific

China's Rise and the Challenge to U.S. Maritime Strategy

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Author: Toshi Yoshihara,James Holmes

Publisher: Naval Institute Press

ISBN: 1612510280

Category: History

Page: 291

View: 3298

Combining a close knowledge of Asia and an ability to tap Chinese-language sources with naval combat experience and expertise in sea-power theory, the authors assess how the rise of Chinese sea power will affect U.S. maritime strategy in Asia. They argue that China is laying the groundwork for a sustained challenge to American primacy in maritime Asia, and to defend this hypothesis they look back to Alfred Thayer Mahan s sea-power theories, now popular with the Chinese. The book considers how strategic thought about the sea shapes Beijing s deliberations and compares China s geostrategic predicament to that of the Kaiser's Germany a century ago. It examines the Chinese navy s operational concepts, tactics, and capabilities and appraises China s ballistic-missile submarine fleet. The authors conclude that unless Washington adapts, China will present a challenge to America s strategic position.

A Short History of South-East Asia

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Author: Peter Church

Publisher: John Wiley & Sons

ISBN: 1119062489

Category: History

Page: 240

View: 7479

Explore the fascinating history of south-east Asia A Short History of South-East Asia, Sixth Edition is the latest in a series of updated texts spotlighting this fascinating region. With revised chapters for all of the countries in this geographic area, this interesting text paints a remarkable overview of the characters and events that have shaped this part of the world. Founded upon a deeply perceptive observation of the late founding Prime Minister of Singapore Lee Kuan Yew, this book brings shape to the idea that 'to understand the present and to anticipate the future, one must know enough of the past, enough to have a sense of the history of a people.' With an approachable writing style and comprehensive content, this unique text was written for business readers interested in improving their understanding of this important region. With globalization continuing to gain momentum, south-east Asia is emerging as an important business sector for many industries. Not only does this open up professional opportunities, it exposes individuals in other parts of the world to the unique histories and cultures of the area. If you are interested in learning more about the region, this abbreviated text is a wonderful resource. Explore historic and political developments that have taken place throughout south-east Asia Quickly navigate text organized by country, allowing you to dive into the events that have shaped Brunei, Cambodia, East Timor, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam Gain an important global perspective, which can prove valuable on personal and professional levels Leverage your new understanding of the region's past to better understand its present and anticipate its future A Short History of South-East Asia, Sixth Edition is an abbreviated history of south-east Asia written with business readers in mind.

Blood and Silk

Power and Conflict in Modern Southeast Asia

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Author: Michael Vatikiotis

Publisher: Weidenfeld & Nicolson

ISBN: 1474602029

Category: History

Page: 320

View: 6980

'A lively and learned guide to the politics, personalities and conflicts that are shaping a dynamic group of countries' FINANCIAL TIMES 'A fascinating and many-layered portrait of Southeast Asia' THANT MYINT-U Thought-provoking and eye-opening, BLOOD AND SILK is an accessible, personal look at modern Southeast Asia, written by one of the region's most experienced outside observers. This is a first-hand account of what it's like to sit at the table with deadly Thai Muslim insurgents, mediate between warring clans in the Southern Philippines and console the victims of political violence in Indonesia - all in an effort to negotiate peace, and understand the reasons behind endemic violence. Peering beyond brand new shopping malls and shiny glass towers in Bangkok and Jakarta, Michael Vatikiotis probes the heart of modern Southeast Asia. Why are the region's richest countries such as Malaysia riddled with corruption? Why do Myanmar, Thailand and the Philippines harbour unresolved violent insurgencies? How do deepening religious divisions in Indonesia and Malaysia and China's growing influence affect the region and the rest of the world? Vatikiotis tells the story of modern Southeast Asia using vivid portraits of the personalities who pull the strings, mixed with revealing analysis that is underpinned by decades of experience in the countries involved, from their silk-sheathed salons to blood-spattered streets. The result is a fascinating study of the dynamics of power and conflict in one of the world's fastest growing regions.

Lee Kuan Yew

The Grand Master's Insights on China, the United States, and the World

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Author: Graham Allison,Robert D. Blackwill,Ali Wyne,Henry A. Kissinger

Publisher: MIT Press

ISBN: 0262312743

Category: Political Science

Page: 224

View: 3665

When Lee Kuan Yew speaks, presidents, prime ministers, diplomats, and CEOs listen. Lee, the founding father of modern Singapore and its prime minister from 1959 to 1990, has honed his wisdom during more than fifty years on the world stage. Almost single-handedly responsible for transforming Singapore into a Western-style economic success, he offers a unique perspective on the geopolitics of East and West. American presidents from Richard Nixon to Barack Obama have welcomed him to the White House; British prime ministers from Margaret Thatcher to Tony Blair have recognized his wisdom; and business leaders from Rupert Murdoch to Rex Tillerson, CEO of Exxon Mobil, have praised his accomplishments. This book gathers key insights from interviews, speeches, and Lee's voluminous published writings and presents them in an engaging question and answer format. Lee offers his assessment of China's future, asserting, among other things, that "China will want to share this century as co-equals with the U.S." He affirms the United States' position as the world's sole superpower but expresses dismay at the vagaries of its political system. He offers strategic advice for dealing with China and goes on to discuss India's future, Islamic terrorism, economic growth, geopolitics and globalization, and democracy. Lee does not pull his punches, offering his unvarnished opinions on multiculturalism, the welfare state, education, and the free market. This little book belongs on the reading list of every world leader -- including the one who takes the oath of office on January 20, 2013.

Earning the Rockies

How Geography Shapes America's Role in the World

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Author: Robert D. Kaplan

Publisher: Random House Trade Paperbacks

ISBN: 0399588221

Category: History

Page: 224

View: 1941

An incisive portrait of the American landscape that shows how geography continues to determine America's role in the world-from the bestselling author of The Revenge of Geographyaand Balkan Ghosts As a boy, Robert D. Kaplan listened to his truck-driver father tell evocative stories about traveling across America in his youth, travels in which he learned to understand the country literally from the ground up. There was a specific phrase from Kaplan's childhood that captured this perspective- A westward traveler must oearn the Rockieso by driving-not flying-across the flat Midwest and Great Plains. In Earning the Rockies,Kaplan undertakes his own cross-country journey to recapture an appreciation of American geography often lost in the jet age. Traveling west, in the same direction as the pioneers, Kaplan traverses a rich and varied landscape that remains the primary source of American power. Along the way, he witnesses both prosperity and decline-increasingly cosmopolitan cities that thrive on globalization, impoverished towns denuded by the loss of manufacturing-and paints a bracingly clear picture of America today. The history of westward expansion is examined here in a new light-as a story not just of genocide and individualism, but also of communalism and a respect for the limits of a water-starved terrain, a frontier experience that bent our national character toward pragmatism. Kaplan shows how the great midcentury works of geography and geopolitics by Bernard DeVoto, Walter Prescott Webb, and Wallace Stegner are more relevant today than ever before. Concluding his journey at Naval Base San Diego, Kaplan looks out across the Pacific Ocean to the next frontier- China, India, and the emerging nations of Asia. And in the final chapter, he provides a gripping description of an anarchic world and explains why America's foreign policy response ought to be rooted in its own geographical situation. In this short, intense meditation on the American landscape, Robert D. Kaplan reminds us of an overlooked source of American strength- the fact that we are a nation, empire, and continent all at once. Earning the Rockies is an urgent reminder of how a nation's geography still foreshadows its future, and how we must reexamine our own landscape in order to confront the challenges that lie before us. Praise for Earning the Rockies oA text both evocative and provocative for readers who like toathinka. . .aIn his final sections, Kaplan discusses in scholarly but accessible detail the significant role that America has played and must play in this shuddering world.o-Kirkus Reviews oEarning the Rockiesais a brilliant reminder of the impact of America's geography on its strategy. An essential complement to his previous work on the subject of geostrategy, Kaplan's latest contribution should be required reading.o-Henry A. Kissi

Makers of Modern Asia

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Author: Ramachandra Guha

Publisher: Harvard University Press

ISBN: 0674365410

Category: Biography & Autobiography

Page: 385

View: 4479

The twenty-first century has been dubbed the Asian Century. Highlighting diverse thinker-politicians rather than billionaire businessmen, Makers of Modern Asia presents eleven leaders who theorized and organized anticolonial movements, strategized and directed military campaigns, and designed and implemented political systems.

Bridging The Pacific

Toward Free Trade and Investment Between China and the United States

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Author: C. Fred Bergsten,Gary Clyde Hufbauer,Sean Miner

Publisher: Peterson Institute for International Economics

ISBN: 0881326925

Category: Business & Economics

Page: 440

View: 7184

The terrain of the world trading system is shifting as countries in Asia, Europe, and North America negotiate new trade agreements. However, none of these talks include both China and the United States, the two biggest economies in the world. In this pathbreaking study, C. Fred Bergsten, Gary Clyde Hufbauer, and Sean Miner argue that China and the United States would benefit substantially from a bilateral free trade and investment accord. In the process, they contend, each country would also achieve progress in addressing its internal economic challenges, such as the low saving rate in the United States. Achieving greater trade and investment integration could be accomplished with one comprehensive effort or through step-by-step negotiations over key issues. The authors call on the United States to seek liberalization of China's services sector as vital to securing an agreement, and they explain that such contentious matters as cyber espionage and currency manipulation be handled through parallel negotiations rather than in the agreement itself. This is an important study of the benefits and difficulties of a complex matter that could yield dividends to the two economies and help stabilize the security and well-being of the rest of the world.