★Edited jointly by Professor Hiro Armstrong of the Australian National University and Yves Tiberghien, Dean of the Taipei School of Political and Economic Studies at National Tsing Hua University! Bringing together Asia-Pacific’s leading scholars and policy experts to confront pressing issues such as great-power competition, supply-chain restructuring, and economic security.
★This strategically significant work goes beyond diagnosing the precarious global economic order; it also puts forward nine innovative policy recommendations, offering actionable pathways for the Asia-Pacific region to pursue economic development, regional cooperation, and technological governance—covering areas like 5G and a new trade order—in an increasingly fragmented world.
★Ranging from the rise and fall of the liberal international order and the post-G2 WTO architecture to ASEAN’s political rivalries and efforts toward self-reliance, this book combines a broad macro‑level perspective with concrete policy tools, making it an essential resource for understanding how Asia can safeguard and reshape the benefits of globalization.

The global economic order is undergoing profound transformation. Intensified geopolitical competition, rapid technological advancement, and growing concerns about economic security are reshaping patterns of trade, investment, supply chains, and global governance. These trends raise fundamental questions about the future of openness, cooperation, and economic growth in the Asia-Pacific region.
This volume brings together leading scholars and policy experts from across the Asia-Pacific to examine how the region can navigate an increasingly competitive international economic environment. The chapters offer in-depth analyses of the dynamics of great-power competition, the restructuring of global supply chains, the strategic role of technology, and the pressures confronting the liberal international economic order. Moreover, the book explores the prospects for regional cooperation and identifies policy options that can help the region sustain economic integration and prosperity in an increasingly fragmented world. It also puts forward nine innovative recommendations aimed at strengthening the global economic order and addressing contemporary challenges.
Drawing on papers presented at the 41st Pacific Trade and Development Conference (PAFTAD)—an institutional member of the Pacific Economic Cooperation Council (PECC), a key precursor and intellectual foundation of the Asia-Pacific Economic Cooperation (APEC)—this work provides a timely analysis of the evolving global economic landscape and examines how Asia and the broader international community can respond to the challenges posed by a rapidly changing global economy.

Hiro Armstrong (Editor)
Hiro Armstrong is a Professor of Economics and Director of International Cooperation at the Crawford School of Public Policy, Australian National University. He also serves as Director of the Australia–Japan Research Centre, Editor of The East Asia Forum, and Director of the East Asian Economic Research Bureau. In addition, he is a Visiting Professor at Keio University, a Research Fellow at the Center for Japanese Economy and Business at Columbia Business School, a Non-Resident Research Fellow at the Japan Economic Research Institute, and a Research Fellow at the New Zealand APEC Study Centre.

Yves Tiberghien (Editor)
Yves Tiberghien is Dean and Distinguished Professor at the College of Political Science and Economics, National Tsing Hua University in Taipei. He is also a Professor of Political Science at the University of British Columbia, a Visiting Chair Professor in the International Doctoral Program on Asia-Pacific Studies at National Chengchi University in Taipei, and a Visiting Professor at the Graduate School of Public Policy at the University of Tokyo and at the Foreign Trade University in Vietnam. He is a Distinguished Fellow at the Canada–Asia Foundation and a Senior Research Fellow at the China Institute of the University of Alberta. Furthermore, he is a member of the International Steering Committee of the Pacific Asia Forum on Trade and Development (PAFTAD).

Preface
List of Illustrations
Contributors
Foreword

Introduction: The Precarious Global Economic Order
The Current State of Great-Power Transformation. Part I: The Rise, Decline, and Future of the Liberal International Order
The Current State of Great-Power Transformation. Part II: The New World Order and Global Economic Governance
Beyond National Self-Reliance in a Complex and Evolving World
The Post-G2 Era’s World Trade Order: The Path of Constructive Gradualism
The Economics of the Global Economic Order: The Tragedy of an Epic Failure Equilibrium
Can Economics and ASEAN Shape Political Competition in Southeast Asia?
A New Theory of Economic Security and 5G Network Deployment
Can Asia Save the Global Economic Order and the Benefits of Globalization?