ASEAN’S future looks promising but increasingly complex as the United States and China vie for the attention of countries in the region and the war in Ukraine puts pressure on economic recovery and disrupts supply chains.
“It’s nice to be wooed but not so nice to feel like you need to choose,” Dr Kuok remarked, noting that South-east Asian countries sometimes feel they are caught between a rock and a hard place. There is a hive of activity in the resource-rich region, which has a talented human capital pool but the smooth flow of commerce and trade continues to be a worry amid security concerns, he said.
Asean’s progress and achievements counts for green lights, but the geopolitical events and shocks amount to a yellow light, and the red ones will need to be tackled, she said.
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