America Abroad: Of Deficits and Diplomacy

Of Deficits and Diplomacy

George Bush had little time to ruminate about the forces of history and the balance of power in Asia during his journey last week. The pace was too fast, the ratio of ceremony to substance too high, and there was too much fretting over the Tower debacle back home.

Too bad, because there was much to ponder, and much of it good. America's friends, allies, trading partners and imitators in the region are thriving. Capitalism has boomed, and democracy has made tenuous but still significant progress. Meanwhile, America's onetime enemies are either realigning or undergoing a potentially millennial transformation, or both....

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