The year 2022 is a special one for ASEAN as a number of its prominent members have taken over the chairmanship in some of the key global and regional organisations. In particular Indonesia is the chair of the G20 and is actively preparing to conduct the G20 summit, while Thailand is the Chair in APEC. In view of the progress made by ASEAN in fostering regional stability in South-East Asia and the diversified network of global alliances forged by the grouping and its individual members, there may be a case for a more global role that may be taken on by ASEAN in the coming years.
One of the important aspects of ASEAN’s greater capability to play a global role on the international stage is its neutrality that the bloc is observing amid the rising rivalry between China and the US in the Pacific. Singapore as one of the leading economies of the region has performed an important mediation role in conducting US-China and US-North Korea meetings directed at de-escalating tensions. Accordingly, ASEAN may be in a position to lead the creation of a platform of countries/regional organisations that can coordinate efforts at peace mediation on a global level.
In pursuing the quest for maintaining a balanced and neutral position on the international arena there may be scope for ASEAN to explore the possibilities of greater cooperation with the cooperative arrangements that bring together the Global South and the advanced economies. ASEAN has made significant advances in this direction via building the Regional Comprehensive Economic Partnership (RCEP) together with China, Japan and South Korea. At the same time there remains scope to complement the active ASEAN-EU links with greater engagement of ASEAN countries with the platforms developed by the Global South. In particular, ASEAN could become one of the key pillars in the BRICS+ global platform, it could also play a leading role in the creation of platform for Eurasia’s developing economies (Greater Eurasia).
Furthermore, ASEAN could also be a leading force in advancing cooperation between regional integration arrangements. Such a role would be indispensable at this critical juncture for the world economy when there is still no global mechanism for a horizontal cooperation across regional integration blocs and the lack of diplomatic communication lines at the country-level. In this respect, given its neutrality and mediation capabilities ASEAN could lead the creation of such a global platform for regional integration arrangements – something that it could pursue on the basis of an R20 (regional 20) format within the G20. Such an R20 platform could bring together the regional integration arrangements where G20 countries are members (including ASEAN). Currently the G20 has only one regional integration bloc as its member – namely the EU – there should be no reason at this stage why ASEAN and other leading regional integration arrangements would not join the Europeans in bringing greater inclusivity and legitimacy to the G20.
There are a number of other venues that could be pursued by ASEAN in making an impact on global economic development. One possible path would be to create a “circle of friends” among those regional economies as well as economies across the globe that share the values of ASEAN. Such an approach that may be termed as ASEAN+ could involve the creation of cooperative platforms along the key development trajectories such as green development, digital economy, education and health care (human capital development). In the digital space there may be scope to make use of Singapore’s experience in building the digital economic agreements and to scale up such arrangements to the level of not just-country-to-country but also region-to-region and RTA-to-RTA (digital “integration of integrations”). ASEAN can also play a more active role in global and multilateral organisations such as the WTO. In particular, ASEAN can forge alliances within the global institutions with other regional groups from the Global South to promote an agenda of lower protectionism and greater openness.
In the end, now is the time when various regions of the world economy will start to advance their visions and strategies for globalisation. The process of globalisation is no longer something preordained or predetermined by one country or region – the concepts and the visions of globalisation are de-monopolised and will emerge increasingly in different parts of the international community. ASEAN can become one of the leading forces of a rejuvenated drive at a globalisation that is balanced, inclusive and sustainable.
From our partner RIAC