Whoever claims victory in the US presidential contest this week, Washington’s grasp over Asia’s future is on the wane. The world’s confidence in US power and the moral authority it once commanded and the capacity to deploy it are much diminished. Even the most energetic and driven administration won’t restore it easily, soon or perhaps ever. ...The reality is that small and middle powers in Asia now have to play an unfamiliar leadership role. This ominous responsibility will remain long after the 46th President of the United States settles into the White House. By East Asia Forum editors.