Defusing Asia’s Arms Race (Thitinan Pongsudhirak, Project-Syndicate)

The ruling against China’s territorial claims in the South China Sea by the Permanent Court of Arbitration (PCA) in The Hague will be met with relief in the region’s capitals. But it is unlikely to reverse one of Asia’s most worrying trends: an alarming regional arms build-up.

https://www.project-syndicate.org/commentary/asia-arms-race-economic-consequences-by-thitinan-pongsudhirak-2016-07