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 CDNVERSATION economic miracle L ee Kuan ‘new is reported to have pre- mthe 19805 that Australia w a s ~ to become “the poor white of Asia”. ~ Australians would feel today he g o t that wrong, b u t there  t m to o ne ofthe world’s trading \‘ €  will be th e ‘Asian Century‘, ious century havingbelonged zica. a n navigate it? What place might r ’ et at the table? Th e intent is worthy th e result 1 1 .  Editors note: th e White w as released after th e time of ~ k ey details on pages 3-7) Given Australia’s ‘Western’ herit- s — a n island a t that in the Asia — there is no guarantee we  this vital policy review right. ‘in ‘Asian Century’ is more chall-  or Australians than a n  Paci  c century’ — a n d it is also ~ » likely. T h e economic  gures  Chinese an d Indian growth ar e time a n d again — though th e nued economic power oflapan when overlooked. A s former British Prime Minister limes  n Society  Volume 3 5 0 Gordon Brown puts it “the West is now being out—produced. out- manufactured out—traded, a n d out-invested , a n d leading internat- ional companies admit that “the majority of their growth will come from Asia”. The United States of course remains a major military a n d econ- omic power, but in seminars a n d elsewhere in th e Asian region its relative decline is often discussed. lt is n o longer th e major export destination for most Asian countries; Secretary of State Clinton now asks whether th e debt crisis might damage Americas continued capacity to project power in th e Asia Paci  c ; Chapter  Australia ready for the ‘Asian Century’? i: -  o ny Milner o f th e Australian National University examines  e r th e nation prepared for th e Asian Century newspapers across Asia report United States Vice President ]oe Biden assuring Beijing that America will meet it s debt obligations. This is not th e United States of a decade ago. In th e 2009 Australian Defence White Paper th e Australian govern- ment w a s already contemplating a less United States—dependent future. Australia t explained h a s been a “very secure country fo r many decades” largely because peace a n d stability have been “underwritten by U S strategic primacy”. That order “i s being transformed a s economic changes start to bring about changes in th e distribution of strategic power” a n d “risks resulting Australi a s Engagement with Asia 1

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  • CDNVERSATION

    economic miracle Lee Kuannew is reported to have pre-mthe 19805 that Australia was~ to become the poor white

    of Asia.~: Australians would feel today

    he got that wrong, but there

    it mto one ofthe worlds trading\-'l'S.

    . . will be the Asian Century,- ious century havingbelongedzica.

    an navigate it? What place mightr aget at the table?

    The intent is worthy, the result11. (Editors note: the White

    was released after the time of~,key details on pages 3-7)

    Given Australias Western herit-s an island at that, in the Asia

    there is no guarantee weA this vital policy review right.

    in Asian Century is more chall-g for Australians than an

    H Paci c century and it is also~- likely. The economic guresX Chinese and Indian growth are

    time and again though thenuedeconomic power oflapan

    when overlooked.As former British Prime Minister

    limes an Society I Volume 350

    Gordon Brown puts it, the Westis now being outproduced. out-manufactured, outtraded, andout-invested", and leading internat-ional companies admit that themajority of their growth will comefrom Asia.

    The United States, of course,remains a major military and econ-omic power, but in seminars andelsewhere in the Asian region itsrelative decline is often discussed.

    lt is no longer the major exportdestination for most Asian countries;Secretary of State Clinton now asks

    whether the debt crisis might damageAmericas continued capacity toproject power in the Asia Paci c;

    Chapter 1

    C T Australia ready for the Asian Century?i:- rTony Milner of the Australian National University examines

    a er the nation is prepared for the Asian Century

    newspapers across Asia report UnitedStates Vice President ]oe Bidenassuring Beijing that America willmeet its debt obligations. This is notthe United States of a decade ago.

    In the 2009 Australian DefenceWhite Paper the Australian govern-ment was already contemplating aless United Statesdependent future.

    Australia, it explained, has been

    a very secure country for manydecades largely because peace andstability have been underwritten byUS strategic primacy.

    That order is being transformedas economic changes start to bringabout changes in the distribution ofstrategic power and risks resulting

    Australia's Engagement with Asia 1


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