The year 2020 was filled with geopolitical and geoeconomic changes that represented a major shift in world history, with the COVID-19 pandemic and the U.S. presidential election leading the way.
How effectively each nation can control the spread of infections within its own borders is likely to significantly affect the transformation of the global economy and power balance in the post-coronavirus era.
At the center of the international power struggle is the Indo-Pacific region, and it is vital to properly understand the rapidly changing power balance in this region.
In characterizing multilateral relations in the Indo-Pacific region, the most essential factors in its underlying structure are the geopolitical and geoeconomic conflicts between the United States and China.
The U.S. has worked with liberal democracies — namely the United Kingdom, Canada, Australia and New Zealand — that share common values to facilitate intelligence-sharing under the “Five Eyes” alliance while also boosting defense cooperation.