Despite looming troubles--a divided Korea and a divided China--the United States has only two military treaties in Asia, one with Japan, one with South Korea. Hoover fellows Ramon H. Myers and Robert J. Myers make the case for collective security agreements in the Pacific.
Hong Kong may be back in the hands of mainland China, but direct government spending in Hong Kong remains less than 15 percent of national income--versus some 40 or 50 percent here in the United States. Hoover fellow and Nobel Prize winner Milton Friedman considers these facts worth pondering.
Hoover honorary fellow Margaret Thatcher wonders whether she did the right thing when she signed the 1984 Sino-British Joint Declaration, under the terms of which Hong Kong reverted to Chinese rule. She doesn't wonder long.
China, Japan, India, Korea, Indonesia: In the next fifteen to twenty years, Hoover fellow Charles Wolf Jr. argues, each is destined to become a great deal richer and much more powerful. The ascent of Asia--and what it means for the United States.
Before taking over Hong Kong on July 1, mainland China promised to permit Hong Kong a wide degree of autonomy.Will China keep its promises? Hoover fellow Alvin Rabushka says no—and argues that it has already begun breaking them.