Speeches | 29 March 2012

The Pacific in the Asian Century

US President Obama told the Australian Parliament in 2011 that the US was turning its attention to the ‘vast potential of the Asia Pacific Region’.  The Pacific Islands region now finds itself in the middle of a re-engaged United States and rising Asia. As it attracts greater attention from both Asia and the US the region is well placed to take advantage of this increasing interest and associated economic and development opportunities.

‘This Asian century offers us some new and profitable choices but we no longer have the luxury of persisting with inward-looking economies.’

  • Michael Wesley

US President Obama told the Australian Parliament in 2011 that the US was turning its attention to the ‘vast potential of the Asia Pacific Region’.  The Pacific Islands region now finds itself in the middle of a re-engaged United States and rising Asia. As it attracts greater attention from both Asia and the US the region is well placed to take advantage of this increasing interest and associated economic and development opportunities.

‘This Asian century offers us some new and profitable choices but we no longer have the luxury of persisting with inward-looking economies.’

  • Michael Wesley
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Key Findings

  • The shift in the centre of global economic gravity to the Asia-Pacific is diminishing the tyranny of distance for Pacific Island countries.
  • The Asian century offers new opportunities to the Pacific.
  • China has enjoyed significant growth as an economic partner to the Pacific.