The United States may not be putting its money where its mouth is in the Indo-Pacific. It has spoken of the region’s importance, but a recently unveiled economic component to its regional strategy allocates a mere $113 million to fund digital, energy and infrastructure connectivity. It does, however, raise the spending limit for USAID in the region, and it calls for $25 million to increase U.S. technology exports. Meanwhile, Washington announced without elaboration that it had formed a partnership with Australia and Japan to goose Indo-Pacific economic growth and development. At first glance, the plan appears to pale in comparison to the hundreds of billions of dollars China plans to spend in the region. But U.S. businesses already invest heavily in the region, even without government direction or backing. This speaks to both a strength and a weakness of the U.S. strategy: Washington has a hard time spending on specific projects, particularly the sort of commercially dubious but stra
Daily Memo: US Funding Shortfalls, Exclusions from NAFTA, Skepticism of Pakistan
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