| Summary: | The transfer of power from West to east is gathering pace and will dramatically change the context for dealing with international challenges. Many in the West are already aware of Asia's growing strength. This awareness, however has not yet translated into preparedness. Major shifts of power between states, not to mention regions, occur infrequently and are rarely peaceful. Asia's growing economic power is translating into greater political and military power, thusincreasing the potential damage of conflicts. The members of the Association of Southeast Asian Nations are seriously considering a monetary union. The result could be an enormous trade bloc, which could account for much global economic growth. To accommodate the grate power shift occurring in Asia, the U.S needs vigorous preparation by its executive branch and Congress. The U.S. must provide the leadership to forge regional security arrangements. The U.S. must also avoid creating a self-fulfilling prophecy of strategic rivalry with china. At the international level, the rising powers of Asia must be given some representation in key institutions, strating with the U.N. Security Council. This important body should reflect the emerging configuration of global power, not just the victors of World War II.
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