ASEAN@60 Special Edition
Mari Elka Pangestu
Over the past two decades, since the ASEAN Economic Community was envisioned, ASEAN has benefited from an increasingly open global economy. Its strategy of remaining open to all major economies, attracting investment, integrating into global supply chains and avoiding choosing sides has served the region well, but this model is now under pressure. The intensifying US-China strategic rivalry and tariff wars, export controls and competition over semiconductors and critical minerals are reshaping the global economic landscape.