ASEAN unity an institution for Asian stability

Artists wearing traditional clothing arrive for a performance during the 26th ASEAN summit in Kuala Lumpur, Malaysia, 25 April 2015. (Photo: AAP).

Author: John Blaxland, ANU

The dynamics at work in ASEAN are an under‐appreciated but crucial component of the Asia Pacific’s geo‐political equation. Understanding these dynamics offers insights for policymakers reviewing the United States’ rebalance to Asia. Read more…

Banking on America’s Asian choices

US President Barack Obama boards Air Force One after a trip to Asia in late 2014. (Photo: AAP).

Author: Peter Drysdale, East Asia Forum

The US–China relationship is undoubtedly the single most important bilateral relationship in the world today. More hinges on the successful management of that relationship, not only for Asian but also for global peace and prosperity, than on any other single relationship in the world. Read more…

The US must adapt to Asia’s new order

Chinese President Xi Jinping and US President Barack Obama in 2014. (Photo: AAP).

Author: Evan A. Feigenbaum, Paulson Institute

The United States has dominated global economics and finance in the post-war era. But the rise of new regional institutions and agreements in Asia will pose a growing and lasting competitive challenge to US leadership in the Pacific. Read more…

ASEAN a perennial quiet achiever

Association of Southeast Asian Nations (ASEAN) leaders pose for the group photo after the opening ceremony of the 24th ASEAN Summit in Naypyidaw, Myanmar, 11 May 2014. (Photo: AAP).

Author: Rodolfo Severino, ISEAS

On 12 November 2014, ASEAN leaders will gather in Naypyidaw, Myanmar’s new capital, for their twice-yearly summit.

High on the ASEAN agenda for this November’s summit is, of course, the South China Sea. Read more…

APEC’s first 25 years and the road ahead

Lenovo ThinkPad laptop computers are lined up at the media center ahead of APEC China 2014 at the China National Convention Center in Beijing, China, 4 November 2014. (Photo: AAP).

Author: Andrew Elek, ANU

APEC leaders will meet in Beijing in November, 25 years after the APEC process was launched in Canberra in 1989. Some early hopes have been met, while others have been dashed. Read more…

BRICS, banking on development

Night view of skyscrapers and high-rise buildings in Shanghai, China, 30 July 2014. Shanghai will host the headquarters of the BRICS New Development Bank that will challenge for the first time the US postwar dominance of multilateral lending institutions. (Photo: AAP).

Author: Keshav Kelkar, UBC

The creation of the BRICS New Development Bank (NDB) to finance infrastructure and sustainable development projects in emerging economies is a landmark achievement. Developing nations have lost faith in the current system with its strict conditions on development finance and its inability to insulate countries from financial shocks. International observers have however expressed mixed views about the creation of the bank and what it represents for the nascent multilateral BRICS bloc of Brazil, Russia, India, China and South Africa. Read more…

A role for APEC: accelerating investment in economic infrastructure

Construction workers move stainless steel at a building site in Beijing. APEC leaders can agree this year on steps to promote infrastructure investments. (Photo: AAP).

Author: Andrew Elek, ANU

The world has a huge demand for economic infrastructure, including better transport and communications among economies. The world economy is performing well below its potential and, in 2011, Indonesia alerted APEC and G20 leaders to the significant potential benefits of meeting this demand. In the short term, new investment would help to further boost demand, while current low rates of interest provide an excellent opportunity to invest in economic infrastructure that would raise long-term productivity and integrate economies. Read more…