United States-China-Taiwan Foreign Policy and Economic Globalization: An Assessment

Abstract

Abstract : The peaceful resolution(s) of the issues that separate China and Taiwan and conflict between China and the United States (U.S.) is essential for long-term regional stability and achievement of vital U.S. interests/objectives in the Asian-Pacific region. However the dispute with Taiwan is no longer the key to conflict resolution Chinese economic prosperity is now the center of gravity. Today a nation's economic health is intrinsically linked to its national interests and security and globalization has fostered economic growth and interdependence between countries. A key U.S. strategy for Asian-Pacific regional prosperity and stability is China's integration into the global market. The U.S. seeks to fully integrate China into the global rules-based market system believing that China's participation in the global economy will accelerate economic reform(s) and increase China's stake in the stability and prosperity of the region. This strategic research paper discusses/assesses the significance of China's continued global economic integration and interdependence as an underpinning of regional prosperity and stability. Effective foreign policy and engagement with China by the United States is assessed as key to Asian-Pacific regional stability. Accordingly the implication(s) of China's accession into the global market specifically entry into the World Trade Organization (WTO), and the corresponding implication(s) on China's relationship with Taiwan and the implications for U.S. policy and strategies as well as a risk assessment are discussed. The US vision of an economically interdependent world that enhances stability and security while fostering economic prosperity and democracy is intrinsically linked to how the US and China choose to interact during this dynamic period. In the end China's future and the future of U.S.-China relations will be in a large part shaped by how China chooses to adapt and comply with the standards of the global economy.