I know these exercises in end-of-year top 5s or top 10s can be silly or fanciful. But there is some value to trying prioritization. Part of social science is determining causal weights – which causes are most important among many possibilities. And that is the logic implicitly behind these sorts of turn-of-the-year lists. It’s also fun to try after a long year. So here is mine; I imagine these will seem pretty predictable though.
“It’s that time of year when analysts everywhere throw out predictions of the year to come and retrospectives of the past year. It’s practically impossible to build a fair metric for these things, but it is fun to try. Here I define consequentiality as those events likely to shape future events on large geopolitical questions in northeast Asia, specifically commerce and conflict. Here is one such list from the Financial Times on Asia. Here is mine:
1. The expansion of the Chinese Air Defense Identification Zone (ADIZ)
This strikes me as the most important regional geopolitical event of the year, because it effectively ratifies what many analysts have suspected of coming for a long time – a Sino-Japanese competition over Asia, with the US hovering in the background, tilting toward Japan. This will be the defining competition of Asia for the next several decades, and the trend-lines broadly favor China – Japan and the US are in decline relative to China.