Asia’s economic diplomacy for tumultuous times
The era of global development efforts guided by a shared commitment to helping poorer countries prosper is over, replaced by a multipolar age defined by strategic rivalry and volatility. Economies must now build their own capabilities and negotiate their place in this new world.
Global development efforts have entered a new era, marked by strategic rivalry and volatility, rather than cooperation guided by a shared commitment to helping poorer countries. In this multipolar age, economies can no longer wait for systemic reform or benevolent assistance. They must build their own capabilities and negotiate their place in the world. States have always acted in their own interests, even when framing actions as goodwill. The current landscape requires a clear-eyed approach to international engagement, recognizing both risks and opportunities. Economies must adapt to this new reality.
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