Issue BriefDec 12, 2017
Shaping the Asia-Pacific economic order
By Robert A. Manning and Olin Wethington
Twenty years after the Asian Financial Crisis, Asian economies are buoyant, working with a smartly reformed IMF to brace for future crises, and rhetoric aside, it will a while before China’s RMB challenges the US dollar as the world’s first reserve currency.
Olin Wethington is the founder and chairman of Wethington International LLC, an investment and business advisory firm focused on advising institutions on capital investment, financial structure, and business strategy in emerging markets. Mr. Wethington is also the executive director of the Project on Shaping the Asia-Pacific Future at the Atlantic Council’s Scowcroft Center for Strategy and Security, as well as a nonresident senior fellow of the Center and a Director on the Atlantic Council Board. He previously served as chairman, AIG Companies in China, and was a partner at Steptoe & Johnson (Washington, DC). Mr. Wethington has also held a number of positions in the US government, including: special envoy on China; counselor to the secretary of the US Treasury; assistant secretary for international affairs, US Treasury; special assistant to the president and executive secretary, Economic Policy Council, White House (under President George H.W. Bush). He is a graduate of Harvard Law School and the University of Pennsylvania. He is a member of the Council on Foreign Relations, the board of trustees of the George C. Marshall Foundation, and the board of directors of the International Republican Institute. He is a recipient of the Alexander Hamilton Award, the highest honor of the US Department of the Treasury.