In early 2012, as large-scale U.S. military involvement in Iraq and Afghanistan ended and the conflict with al-Qaida took on a different shape, President Barack Obama and Secretary of Defense Leon Panetta issued new strategic guidance to redefine America's defense priorities (.pdf). One of the most important ideas in the document was a renewed emphasis on the Asia-Pacific region. This was, in part, a recognition that the United States needed greater strategic focus in order to cut defense costs. But it also reflected the fact that the Asia-Pacific region is home not only to the world’s most rapidly growing economies but also to its most rapidly growing militaries. It therefore combines great importance and great danger.
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