Malaysia’s chairmanship sought to fend off short-term challenges while laying the groundwork for minimizing ASEAN’s longer-term exposure to external stresses.
Elina Noor
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}Source: Getty
While Asia is being reborn and remade, the United States is badly prepared for this momentous rebirth, making it less relevant in each of Asia's constituent parts.
Source: Washington Quarterly

Today, after a 300-year hiatus, Asia is being reconnected at last. Chinese traders are again hawking their wares in Kyrgyz bazaars. Straits bankers are financing deals in India, with Singapore having become the second-largest source of India’s incoming foreign direct investment over the last decade (behind only Mauritius, which retains first place because of tax avoidance incentives). China lies at the core of industrial supply and production chains that stretch across Southeast Asia. And Chinese workers are building ports and infrastructure from Bangladesh to Pakistan to Sri Lanka. The governments of Turkmenistan and Uzbekistan have sold electricity southward, reconnecting their power grids to Afghanistan, while Kyrgyzstan and Tajikistan have signed an intergovernmental memorandum to sell electricity to Afghanistan and Pakistan. Chinese, Japanese, and Korean money is flowing across Asia.
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
Malaysia’s chairmanship sought to fend off short-term challenges while laying the groundwork for minimizing ASEAN’s longer-term exposure to external stresses.
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