ABSTRACT
The Augmented Market Liberalism (AML) of US policy toward China emerged out of the US perpetuation of developing a structured market economic force in the Asian-Pacific region, a transformation policy characterized by change and modification. This chapter explores two alternative views which deal with the endogenous explanation of Asian-Pacific growth. It describes empirical studies of Sino-America relations. W. W. Rostow’s theory provides a way of explaining economic development. But, the major impetus comes from the exogenous US market liberalism encapsulated in its foreign policy framework. David Shambaugh introduced a new perspective in Sino-America relations. The argument of the perspective of AML begins from the US establishment of an international political and economic environment which facilitated the development of the cold war as well as the construction of international economic institutions. Some scholars in the post-cold war era, nevertheless, place Sino-American relations within a framework of military confrontation.
