East Asia at the Center: Power Shifts and Theory
This concluding chapter offers thoughts regarding the rise of China and the prospects for U.S.–China cooperation and regional stability. There is considerable uncertainty regarding China's long-term trajectory. In 2014–15, China's economic growth rate was in decline and institutional reforms and macroeconomic rebalancing continued to pose significant challenges to China's leaders. Similarly, there is uncertainty regarding the United States' ability to reduce its national debt and restrain its intervention in local conflicts outside of East Asia. But should China continue to rise and the United States sustain its ability to contend over the regional order, the competition between the two nations will intensify. The great powers, in their effort to defend their regional security interests, will shape the East Asian order and the prospects for war and peace.
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