New World Relationships
Regional integration in Asia and Latin America is a crucial and increasingly important issue that, from Washington's perspective, betokens a defiant world gone out of control. Energy, of course, remains a defining factor â€” the object of contention â€” everywhere. China, unlike Europe, refuses to be intimidated by Washington, a primary reason for the fear of China by US planners, which presents a dilemma: Steps towards confrontation are inhibited by US corporate reliance on China as an export platform and growing market, as well as China's financial reserves, reported to be approaching Japan's in scale.
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