Abstract
The Asia-Pacific region is facing the threat of a number of potential military conflicts. Unresolved security challenges include the Sino-Japanese and Sino-Indian territorial disputes. The current peace and stability in the region has been achieved through various multilateral mechanisms and constant US involvement in the regional affairs. However, the declining US presence in Asia, the ineffectiveness of different multilateral institutions to establish a security order in the region and China’s possible emergence as a great power in Asia may lead to the end of the status quo. In this context, it is pertinent that Asia should be free from both hegemony and power rivalry, and for that, ‘co-operative balancing’ is the best possible mechanism to achieve a long-term peace and stability. Co-operative balancing is a combination of power balancing and a co-operative security framework. It promotes the independent position of individual countries and strengthens the multilateral mechanisms. This essay concludes that India and Japan can balance against China while bilateral engagement among the three countries tends to reduce their distrust vis-à-vis China.
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