Asia | Banyan

The private sector won’t save America’s Indo-Pacific policy

More needs to be done to repair the economic relationship with South-East Asia

Illustration of a large piggy bank with a yuan symbol and a smaller piggy bank with a dollar symbol, set against a map of Southeast Asia.
Illustration: Lan Truong

America wants South-East Asians to know that it is the region’s best friend. In summits, white papers, speeches and private asides since coming to office in 2021, officials of the Biden administration have told them that America, not China, is the top source of foreign direct investment into the region. It is Uncle Sam who is going to make them rich.

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This article appeared in the Asia section of the print edition under the headline “Geopolitical gaslighting”

From the September 21st 2024 edition

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