On the political front, many Asian states are experiencing profound historical transitions, accompanied by numerous uncertainties. Economically, the vast majority of countries in the region continue to experience phenomenal growth, creating numerous profitable business opportunities and transforming the region into a new economic powerhouse. In the security arena, many potential flashpoints in this region remain, including the Korean Peninsula, the Taiwan issue, the South China Sea dispute, regional arms races, resource scarcity, environmental degradation, and the rising influence of Islamic fundamentalism.
At the heart of the region lie the concerns associated with the rise of China as an economic and military powerhouse, the emergence of India and a more assertive Japan. The rise of ASEAN as an international organisation plays a crucial role in shaping the relationships among major powers and in cultivating East Asian regionalism. All these issues will have profound global implications and have generated keen interest among observers and policymakers throughout the world.
Last updated on 18/09/2014